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Agriculture: A daily necessity

Agriculture plays a fundamental role in daily life, providing livelihoods for one-third of the global population and enabling food production. The sector accounts for 9.5% of Gross Domestic Product (GDP) across developing countries and 26% of GDP for the world’s least-developed countries.2 In 2018, agriculture added USD 3.3 trillion to the world economy, up 50% from 2008 (USD 2.2 trillion). A total of 2.5 billion people work in the agricultural sector, many residing in rural areas, emerging markets, or both.3 More than nine in ten are informally employed.

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