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Entrepreneurial income from agriculture dropped in 2023 to the level prior to the peak year of 2022

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

According to the data 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 falls by around 23 per cent from the previous year to EUR 1.06 billion. Livestock production performed reasonably well due to rising producer prices.

Key selections

  • In 2023, the value of cereal production decreased by almost 40 per cent due to poor harvests and declining producer prices.
  • The volume of livestock production declined by about 5 per cent, but due to rising prices, the value of output increased by about 5 per cent.
  • The volume of agriculture’s GDP fell by nearly 21 per cent, even though the current priced value rose by around 40 million euros.
  • As a result of the decrease in agricultural subsidies and the poor crop, entrepreneurial income is estimated to diminish by 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: 16.10.2024].
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