Ag contributes over $1T to U.S. gross domestic product
Story Date: 5/24/2018

 

Source: SOUTHERN CROP PRODUCTION ASSOCIATION, 5/21/18


Agriculture, food, and related industries contributed 1.05 trillion to U.S. gross domestic product (GDP) in 2016, a 5.7-percent share.
The output of America’s farms contributed $136.7 billion of this sum-about 1 percent of GDP. The overall contribution of the agriculture sector to GDP is larger than this because sectors related to agriculture-forestry, fishing, and related activities; food, beverages, and tobacco products; textiles, apparel, and leather products; food and beverage stores; and food service, eating and drinking places-rely on agricultural inputs in order to contribute added value to the economy.

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