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Entrepreneurial income from agriculture falls more than estimated in 2023

Release related to topics:National economyAgriculture, forestry and fishery
release | Economic accounts for agriculture (EAA) 31.12.2023

According to the second preliminary estimate of the Economic Accounts for Agriculture produced by Statistics Finland, as a result of the poor crop in 2023 and the abolition of the crisis support paid in 2022, entrepreneurial income from agriculture is estimated to decline by nearly 23 per cent from the previous year. The corresponding estimate was 16 per cent in last December. Despite the difficulties in plant production, livestock production fared reasonably well.

Key selections

  • In 2023, the value of plant production decreased by 24 per cent, while the value of livestock production grew by around four per cent.
  • GDP in agriculture was nearly 27 per cent negative.
  • As a result of the poor crop and the decrease in agricultural subsidies, entrepreneurial income is estimated to diminish by around 23 per cent.

Tables

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Economic Accounts for Agriculture 2023

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Updated database tables
12d7
Classifications used:
  • Economic Account for Agriculuture
Reference period cycle:
year
Updating frequency:
three times a year
Statistics:
Updated:
12da
Classifications used:
  • Economic Account for Agriculuture
Reference period cycle:
year
Updating frequency:
three times a year
Statistics:
Updated:

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Referencing instructions

Economic accounts for agriculture (EAA) [online publication].
Reference period: 31.12.2023. ISSN=2670-1006. Helsinki: Statistics Finland [Referenced: 21.11.2024].
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