Theprimary sector of the economyincludes anyindustryinvolved in the extraction and production ofraw materials,such asfarming,logging,fishing,forestryandmining.[1][2][3]
The primary sector tends to make up a larger portion of the economy indeveloping countriesthan it does indeveloped countries.For example, in 2018, agriculture, forestry, and fishing comprised more than 15% of GDP insub-Saharan Africa[4]but less than 1% of GDP inNorth America.[5]
In developed countries the primary sector has become more technologically advanced, enabling for example the mechanization of farming, as compared with lower-tech methods[a]in poorer countries.[6]More developed economies may invest additional capital in primary means of production: for example, in the United Statescorn belt,combine harvesterspick the corn, and sprayers spray large amounts ofinsecticides,herbicidesandfungicides,producing a higher yield than is possible using less capital-intensive techniques. These technological advances and investment allow the primary sector to employ a smaller workforce, so developed countries tend to have a smaller percentage of their workforce involved in primary activities, instead having a higher percentage involved in thesecondaryandtertiarysectors.[7]
List of countries by agricultural output
edit| Economy | Countries by agricultural output (in PPP terms) at peak level as of 2018 (billions inUSD)
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(01) China
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(02) India
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(03) Indonesia
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(—) European Union
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(04) Pakistan
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(05) Nigeria
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(06) Brazil
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(07) Russia
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(08) United States
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(09) Iran
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(10) Turkey
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(11) Egypt
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(12) Thailand
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(13) Vietnam
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(14) Bangladesh
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(15) Argentina
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(16) Mexico
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(17) Philippines
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(18) Myanmar
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(19) Algeria
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(20) Malaysia
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The twenty largest countries by agricultural output (in PPP terms) at peak level as of 2018, according to theIMFandCIA World Factbook. | |||||||||
See also
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Notes
edit- ^Often using non-powered equipment, sometimes even hand-picking and hand-planting
References
edit- ^Chand, S. N. (2006).Dictionary of economics.New Delhi: Atlantic Publishers & Distributors. p. 268.ISBN81-269-0535-2.OCLC297507928.
- ^"primary producer".CollinsDictionary.HarperCollins.Retrieved2019-12-10.
- ^Kjeldsen-Kragh, Søren (2007).The Role of Agriculture in Economic Development: The Lessons of History.Copenhagen Business School Press DK. p. 73.ISBN978-87-630-0194-6.
- ^"Agriculture, forestry, and fishing, value added (% of GDP) | Sub-Saharan Africa".World Bank Open Data.2018.Retrieved2019-07-14.
- ^"Agriculture, forestry, and fishing, value added (% of GDP) | North America".World Bank Open Data.2018.Retrieved2019-07-14.
- ^"Employment in agriculture (% of total employment) (modeled ILO estimate) - Data".data.worldbank.org.
- ^H Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (March 1973)
Further reading
edit- Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (Mar., 1973)
- Cameron: General Economic and Social History
- Historia Económica y Social General, by Maria Inés Barbero, Rubén L. Berenblum, Fernando R. García Molina, Jorge Saborido
External links
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Media related toPrimary sector of the economyat Wikimedia Commons- Economy101.net:The Nature of Wealth
