EVOLUTION OF ROMANIAN AGRICULTURAL SECTOR OVER THE LAST DECADE 2016 - HISTORICAL MINIMUM AND MOMENT OF REVIVAL AT THE SAME TIME?
EVOLUTION OF ROMANIAN AGRICULTURAL SECTOR OVER THE LAST DECADE 2016 - HISTORICAL MINIMUM AND MOMENT OF REVIVAL AT THE SAME TIME?

Summary/Abstract: Agriculture has always been one of the main branches of Romania's national economy. Based on the existence of favorable geographical conditions - climate and landscape - that allowed the activities of animal husbandry and field crops to be established, Romanian agriculture developed intensively until the 1990s, becoming one of the most appreciated both at European level as well as worldwide due to its performances, on its basis Romania gaining the title of "Granary of Europe". Subsequently, the sector has experienced a process of regression, which has become more pronounced in the last decade, the economic contribution made by agriculture to Gross Domestic Product dropping visibly, so that, even if in 2008 agriculture generated 6.60% of GDP, in 2016 the agricultural sector "succeeded" the counter-performance of generating revenues of only 69348.614 million lei, which, translated in percentage contribution to the formation of national GDP for that year, means about 3.90%, the lowest value ever recorded. Moreover, the year 2016, besides the fact that it brought to the fore the precarious situation of the Romanian agriculture, represented also a moment of revival for the Romanian agricultural sector, since the Romanian agriculture started "shyly" to take few "steps" on an upward trend in terms of its ability to generate income based on some actions taken in response to the above mentioned situation.

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