Agriculture output slightly down by 1.5% in 2023
In 2023, agricultural output in the EU was valued at €537.1 billion (bn) in basic prices, a 1.5% decrease compared with 2022 (€545.4 bn). This slight drop from the peak value of output in 2022 ended the upward trend that had started in 2010. This change in nominal value reflected the balance of a fall in the volume of output (-2.3 %) and slight rise in the nominal price for agricultural goods and services (+0.8 %).