Top 10 Agricultural Countries by GDP Contribution 2016
Posted in Top Brand Lists, Total Reads: 362
Farming, fishing and agriculture forms a major part of primary sector industry in Japan, along with Japanese mining industry but both of them together account for just 1.3% of gross national product.
About 20% of Japan’s land is suitable for cultivation, and Japan’s agricultural economy is also highly subsidised. Forestry, fishing and agriculture has dominated the Japanese economy till 1940s but after that there was sharp decline, and in the latter part of 19th century these sectors accounted for over 80% of the employment.
Employment in agriculture sector declined in the pre-war period but the sector is still employs the largest number of people by the end of World War II. It was further down in 1965 by 23.5%, and 7.2% in 1988. The agriculture’s importance in the Gross domestic Product continued to decline with net share of agriculture in GNP reduced a lot between 1975 and 1989 from 4.1% to 3%.
In the late 1980s, 85% of Japanese farmers were engaged in occupation outside of farming and most of part-time farmers earn their major part of the income by engaging in non-farming activities. Japan’s economic boom began after 1950s which left the farmers behind in income and technology used in agriculture. They were attached to food control policy of government where high prices of rice were guaranteed and farmers were urged to increase the production of any crop which they like. Farmers were mass producers of rice and turned their vegetable gardens into rice fields.
Agriculture contribution to GDP: 49,479.10 million dollars