Türkiye secured the primary spot in Europe by way of agricultural income in 2023, whereas additionally rating among the many prime 10 nations worldwide, a senior official introduced on Monday.
“The hard work of our farmers continues to add value to our country’s economy. According to Food and Agriculture Organization (FAO) and World Bank data, with an agricultural revenue of $68.5 billion in 2023, Türkiye ranked first in Europe and among the top ten countries in the world,” Agriculture and Forestry Minister Ibrahim Yumaklı stated in a submit on X.
Türkiye’s agricultural revenues in 2023 additionally rose 16% year-over-year, he stated.
“I sincerely congratulate all our sector stakeholders who contributed to this success,” he added.
The share of agriculture, forestry and fishing in Türkiye’s gross home product (GDP) was 6.2% in 2023, in response to information from the Turkish Statistical Institute (TurkStat).
Agriculture is a crucial sector of the Turkish financial system and the nation is without doubt one of the prime 10 agricultural producers on the earth.
In the primary quarter of 2024, the agriculture sector expanded 4.6% from the identical interval final yr, accelerating from 0.5% within the earlier quarter, whereas the Turkish financial system grew 5.7% yearly within the January-Mach interval.
The whole insured worth of state-supported agricultural insurance coverage elevated by 115.5% in 2023 when in comparison with a yr earlier to TL 638,3 billion ($19.5 billion), the info from TurkStat confirmed final week.
The whole state help premium quantity within the agricultural sector elevated by 91.7% yearly to TL 9.24 billion, the info confirmed.
The exports from the sector additionally maintained an upward momentum, elevating almost 9% to $9.3 billion within the first quarter of the yr, in response to the info from the Turkish Exporters Assembly (TIM).
Source: www.dailysabah.com