Primary sector of the economy: Difference between revisions
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In developed countries the primary sector has become more technologically advanced, enabling for example the mechanization of farming, as compared with hand-picking and -planting in poorer countries.<ref>{{cite web|url= http://data.worldbank.org/indicator/SL.AGR.EMPL.ZS/countries/1W-US-C5?display=graph|title= Employment in agriculture (% of total employment) (modeled ILO estimate) - Data|website= data.worldbank.org}}</ref> More developed economies may invest additional capital in primary means of production: for example, in the United States [[corn belt]], [[combine harvester]]s pick the corn, and sprayers spray large amounts of [[insecticide]]s, [[herbicide]]s and [[fungicide]]s, 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 sector of the economy|secondary]] and [[Tertiary sector of the economy|tertiary]] sectors.<ref>H Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (March 1973)</ref> |
In developed countries the primary sector has become more technologically advanced, enabling for example the mechanization of farming, as compared with hand-picking and -planting in poorer countries.<ref>{{cite web|url= http://data.worldbank.org/indicator/SL.AGR.EMPL.ZS/countries/1W-US-C5?display=graph|title= Employment in agriculture (% of total employment) (modeled ILO estimate) - Data|website= data.worldbank.org}}</ref> More developed economies may invest additional capital in primary means of production: for example, in the United States [[corn belt]], [[combine harvester]]s pick the corn, and sprayers spray large amounts of [[insecticide]]s, [[herbicide]]s and [[fungicide]]s, 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 sector of the economy|secondary]] and [[Tertiary sector of the economy|tertiary]] sectors.<ref>H Dwight H. Perkins: Proceedings of the Academy of Political Science, Vol. 31, No. 1, China's Developmental Experience (March 1973)</ref> |
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==List of countries by agricultural output== |
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{{Main|List of countries by GDP sector composition}} |
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{{See also|List of most valuable crops and livestock products}} |
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{{Bar chart |
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| float = center |
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| title = Largest countries by agricultural output (in PPP terms) according to the [[International Monetary Fund|IMF]] and [[The World Factbook|CIA World Factbook]], at peak level as of 2018 |
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| table_width = 70 |
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| bar_width = 50 <!-- must be an unformatted number --> |
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| data_max = 2,110<!-- Upper bound on the values in the data fields --> |
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| label_type = Economy |
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| data_type = {{center|Countries by agricultural output (in PPP terms) at peak level as of 2018 (billions in [[United States dollar|USD]])}} |
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| label1 = (01) '''{{CHN}}''' | data1 = 2,101 |
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| label2 = (02) '''{{IND}}''' | data2 = 1,602 |
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| label3 = (03) '''{{IDN}}''' | data3 = 486 |
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| label4 = {{nowrap|(—) '''''{{EU}}'''''}} | data4 = 352 |
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| label5 = (04) '''{{PAK}}''' | data5 = 284 |
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| label6 = (05) '''{{NGR}}''' | data6 = 253 |
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| label7 = (06) '''{{BRA}}''' | data7 = 209 |
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| label8 = (07) '''{{RUS}}''' | data8 = 196 |
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| label9 = (08) '''{{USA}}''' | data9 = 185 |
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| label10 = (09) '''{{IRN}}''' | data10 = 162 |
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| label11 = (10) '''{{TUR}}''' | data11 = 155 |
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| label12 = (11) '''{{EGY}}''' | data12 = 154 |
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| label13 = (12) '''{{THA}}''' | data13 = 109 |
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| label14 = (13) '''{{VNM}}''' | data14 = 108 |
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| label15 = (14) '''{{BAN}}''' | data15 = 108 |
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| label16 = (15) '''{{ARG}}''' | data16 = 101 |
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| label17 = (16) '''{{MEX}}''' | data17 = 100 |
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| label18 = (17) '''{{PHL}}''' | data18 = 92 |
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| label19 = (18) '''{{MYA}}''' | data19 = 89 |
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| label20 = (19) '''{{ALG}}''' | data20 = 87 |
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| label21 = (20) '''{{MYS}}''' | data21 = 84 |
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| caption = {{resize|88%|The twenty largest countries by agricultural output (in PPP terms) at peak level as of 2018, according to the [[International Monetary Fund|IMF]] and [[The World Factbook|CIA World Factbook]].}} |
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}} |
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==See also== |
==See also== |
Revision as of 12:24, 24 May 2021
Economic sectors |
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Three-sector model |
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Additional sectors |
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Theorists |
Sectors by ownership |
The primary sector of the economy includes any industry involved in the extraction and production of raw materials, such as farming, logging, hunting, fishing, 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 hand-picking and -planting 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
Economy | Countries by agricultural output (in PPP terms) at peak level as of 2018 (billions in USD)
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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
References
- ^ Chand, S. N. (2006). Dictionary of economics. New Delhi: Atlantic Publishers & Distributors. p. 268. ISBN 81-269-0535-2. OCLC 297507928.
- ^ "primary producer". CollinsDictionary.com. HarperCollins. Retrieved 2019-12-10.
- ^ 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.
- ^ "Agriculture, forestry, and fishing, value added (% of GDP) | Sub-Saharan Africa". World Bank Open Data. 2018. Retrieved 2019-07-14.
- ^ "Agriculture, forestry, and fishing, value added (% of GDP) | North America". World Bank Open Data. 2018. Retrieved 2019-07-14.
- ^ "Employment in agriculture (% of total employment) (modeled ILO estimate) - Data". data.worldbank.org.
- ^ 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