Growth in major sectors

Agricultural production is a major determinant of economic well-being in most developing ESCAP countries, and changes in it reflect closely the extent of improvement or otherwise in the welfare of a majority of the population. This situation is changing in many countries as the proportion of income derived from agriculture falls and as the proportion of households that depends on agricultural production alone declines. Thus year-to-year changes in agricultural output have a less unambiguous impact than in the past. However, changes in agricultural production, at least for the major agricultural economies of the ESCAP region, continue to provide fairly reliable indications of changes in welfare in these economies.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities