Primary sector of the economy

The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, fishing, forestry and mining. ^{[1] [2] [3]}

The primary sector tends to make up a larger portion of the economy in developing countries than it does in developed countries. For example, in 2018, agriculture, forestry, and fishing comprised more than 15% of GDP in sub-Saharan Africa ^[4] but less than 1% of GDP in North 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 States corn belt, combine harvesters pick the corn, and sprayers spray large amounts of insecticides, herbicides and fungicides, 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 the secondary and tertiary sectors. ^[7]

List of countries by agricultural output

Main article: List of countries by GDP sector composition

See also: List of most valuable crops and livestock products

Largest countries by agricultural output (in PPP terms) according to the IMF and CIA World Factbook, at peak level as of 2018

Economy	Countries by agricultural output (in PPP terms) at peak level as of 2018 (billions in USD)
(01)   China	2,101
(02)   India	1,400
(03)   Indonesia	486
(—)   European Union	352
(04)   Pakistan	284
(05)   Nigeria	253
(06)   Brazil	209
(07)   Russia	196
(08)   United States	185
(09)   Iran	162
(10)   Turkey	155
(11)   Egypt	154
(12)   Thailand	109
(13)   Vietnam	108
(14)   Bangladesh	108
(15)   Argentina	101
(16)   Mexico	100
(17)   Philippines	92
(18)   Myanmar	89
(19)   Algeria	87
(20)   Malaysia	84
The twenty largest countries by agricultural output (in PPP terms) at peak level as of 2018, according to the IMF and CIA World Factbook.

See also

• Economics portal

• Resource curse
• Three-sector model

Notes

1. Often using non-powered equipment, sometimes even hand-picking and hand-planting

References

1. Chand, S. N. (2006). Dictionary of economics. New Delhi: Atlantic Publishers & Distributors. p. 268. ISBN   81-269-0535-2. OCLC   297507928.
2. "primary producer". Collins English Dictionary . HarperCollins . Retrieved 2019-12-10.
3. Kjeldsen-Kragh, Søren (2007). The Role of Agriculture in Economic Development: The Lessons of History. Copenhagen Business School Press DK. p. 73. ISBN   978-87-630-0194-6.
4. "Agriculture, forestry, and fishing, value added (% of GDP) | Sub-Saharan Africa". World Bank Open Data. 2018. Retrieved 2019-07-14.
5. "Agriculture, forestry, and fishing, value added (% of GDP) | North America". World Bank Open Data. 2018. Retrieved 2019-07-14.
6. "Employment in agriculture (% of total employment) (modeled ILO estimate) - Data". data.worldbank.org.
7. H Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (March 1973)

Further reading

• 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

• Media related to Primary sector of the economy at Wikimedia Commons
• Economy101.net: The Nature of Wealth