Romania among the EU members with the highest drop in agriculture, forestry and fishing share in economy between 1995-2015

Newsroom 28/10/2016 | 11:37
The “Agriculture, forestry and fishing” share in the economy decreased between 1995 and 2015 in every EU Member State, with the largest reductions in Romania (from 19.2 percent to 4.8 percent, or– 14.4 pp), Bulgaria (-8.6pp), Lithuania (-7.5pp), Latvia (-5.7 pp) and Ireland (-5.4 pp).
At EU level, the share of both industry (-4 pp) and agriculture (-1.1 pp) in total gross value added (GVA) decreased between 1995 and 2015, while that of public administration increased slightly (+1.1 pp).
The share of “Public administration, defence, education, human health and social work activities” has increased in most Member States over the last twenty years, notably in Romania (from 6.1 percent to 11.7 percent, or +5.6 pp), Greece (+4.5pp)and Bulgaria (+4.2pp). It only decreased in Ireland (-4.9 pp), the three EU Baltic Member States–Estonia (-3.8 pp), Latvia (-2.5 pp) and Lithuania (-1.8pp), as well as Hungary (-1.4pp), Slovakia (-0.7 pp) and Austria (-0.5 pp).
In 2015, industry was still the largest economic activity in the European Union (EU) in terms of output generated. Accounting for 19.3 percent of EU total GVA, industry was immediately a head of the economic activities “Public administration, defence, education, human health and social work activities” (19.1 percent) and “Wholesale and retail trade, transport, accommodation and food services” (18.9 percent).
Gross value added (GVA) is output minus intermediate consumption: it is a balancing item of the national accounts’ production account. Gross value added of the total economy usually accounts for more than 90 percent of GDP.
Georgiana Bendre
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