Official Portal - Statistics Portugal

Agricultural income should increase 8.7
Economic accounts for agriculture
1st Estimate
Agricultural income should increase 8.7 - 2023
13 December 2023


According to the first estimate on Economic Accounts for Agriculture (EAA) for 2023, the income from agricultural activity, in real terms, per annual work unit (AWU), should increase 8.7%, after a decrease in 2022 (-11.1%). This evolution was determined by a deep increase in Gross Value Added (GVA) (33.3%), which more than compensated the expected decrease in Other subsidies on production (-47.3%) to be paid in 2023. This foreseen variation in GVA results from an increase in Output value greater than that of Intermediate Consumption (CI), determined, among other factors, by the decrease in the prices of energy, fertilizers, cereals and oilseeds (raw materials for feedingstuffs). It should be noted that, in 2022, the increase in prices for intermediate consumption was higher than that for output.

In the period from January to October 2023, exports of Agricultural products increased by 2.1% compared to the same period of the previous year, in contrast to the decrease in total exports (-1.0%). On the other hand, in the same period, imports of Agricultural products increased by 3.8%, with total imports recording a decrease of 3.6%.

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