KSH: agricultural production decreased in volume, increased in value in 2020

By: Trademagazin editor Date: 2021. 03. 05. 11:58

In 2020, agricultural production fell by 2.2 percent at previous year’s prices, but at current prices it was 4.8 percent higher than a year earlier, thanks to a 7.2 percent price increase.

Compared to 2019, the production of crop production at constant prices decreased by 3.3 percent and that of animal production by 1.3 percent. Together with the effect of the 10.3 percent and 3.2 percent price changes, the production value increased by 6.6 percent and 1.8 percent, respectively – the Central Statistical Office (KSH) announced on the basis of its second estimate. (MTI)