1887

OECD-FAO Agricultural Outlook 2017-2026

image of OECD-FAO Agricultural Outlook 2017-2026

Over the ten-year Outlook period, agricultural markets are projected to remain weak, with growth in China weakening and biofuel policies having less impact on markets than in the past. Future growth in crop production will be attained mostly by increasing yields, and growth in meat and dairy production from both higher animal stocks and improved yields. Agricultural trade is expected to grow more slowly, but remain less sensitive to weak economic conditions than other sectors. These demand, supply and trade pressures are all evident in Southeast Asia, where this report identifies scope to improve agricultural productivity sustainably. Real prices are expected to remain flat or decline for most commodities.

English Chinese, Spanish, French

From Chapter: Statistical Annex
.

OECD-FAO Agricultural Outlook 2017-2026 - © OECD 2017

‌A.1Economic assumptions
A.1Economic assumptions
  Calendar year
‌‌
‌‌
Average
2014-16est
‌2017‌
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
REAL GDP 1
 
 
 
 
 
 
 
 
 
 
 
 
Australia
%
2.6
 
2.6
 
3.1
 
3.0
 
2.9
 
2.8
 
2.9
 
2.9
 
2.9
 
2.9
 
2.9
 
Canada
%
1.6
 
2.1
 
2.3
 
1.9
 
1.9
 
1.9
 
1.9
 
1.9
 
1.9
 
1.9
 
1.9
 
Chile
%
1.9
 
2.0
 
2.7
 
3.0
 
3.2
 
3.4
 
3.4
 
3.4
 
3.4
 
3.4
 
3.4
 
European Union
%
1.7
 
1.5
 
1.6
 
1.6
 
1.6
 
1.7
 
1.6
 
1.6
 
1.5
 
1.5
 
1.5
 
Japan
%
0.4
 
1.0
 
0.8
 
0.7
 
0.1
 
0.6
 
0.1
 
0.1
 
0.1
 
0.1
 
0.1
 
Korea
%
2.9
 
2.6
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
Mexico
%
2.3
 
2.3
 
2.4
 
2.9
 
2.9
 
2.9
 
2.9
 
2.9
 
2.9
 
2.9
 
2.9
 
New Zealand
%
3.2
 
3.4
 
2.6
 
2.5
 
2.5
 
2.6
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
Norway
%
1.4
 
0.5
 
1.4
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
Switzerland
%
1.5
 
1.7
 
1.9
 
1.6
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
Turkey
%
3.4
 
3.0
 
3.2
 
3.3
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
United States
%
2.2
 
2.3
 
3.0
 
1.9
 
1.7
 
1.6
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
Algeria
%
3.8
 
2.9
 
2.6
 
2.8
 
3.1
 
3.4
 
3.4
 
3.4
 
3.4
 
3.4
 
3.4
 
Bangladesh
%
6.7
 
6.9
 
7.0
 
7.0
 
6.7
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
Brazil
%
-2.4
 
0.0
 
1.2
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
China
%
7.0
 
6.4
 
6.1
 
6.0
 
5.9
 
5.8
 
5.9
 
5.9
 
5.9
 
5.9
 
5.9
 
Egypt
%
3.4
 
4.0
 
4.8
 
5.5
 
5.8
 
6.0
 
6.0
 
6.0
 
6.0
 
6.0
 
6.0
 
India
%
7.5
 
7.6
 
7.7
 
7.8
 
8.0
 
8.1
 
8.1
 
8.1
 
8.1
 
8.1
 
8.1
 
Indonesia
%
4.9
 
5.3
 
5.5
 
5.8
 
6.0
 
6.0
 
6.0
 
6.0
 
6.0
 
6.0
 
6.0
 
Iran
%
3.1
 
4.1
 
4.1
 
4.2
 
4.3
 
4.3
 
4.3
 
4.3
 
4.3
 
4.3
 
4.3
 
Malaysia
%
5.1
 
4.6
 
4.7
 
4.9
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
Pakistan
%
4.3
 
5.0
 
5.2
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
Russia
%
-1.3
 
0.8
 
1.0
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
1.5
 
Saudi Arabia
%
2.8
 
2.0
 
2.6
 
2.6
 
2.3
 
2.3
 
2.3
 
2.3
 
2.3
 
2.3
 
2.3
 
South Africa
%
1.0
 
0.8
 
1.6
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
Ukraine
%
-5.0
 
2.5
 
3.0
 
3.5
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
Uruguay
%
1.4
 
1.2
 
3.1
 
3.4
 
3.3
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
3.1
 
OECD 2,3
%
1.9
 
1.9
 
2.3
 
1.9
 
1.8
 
1.8
 
1.8
 
1.8
 
1.8
 
1.8
 
1.8
 
PCE DEFLATOR 1
 
 
 
 
 
 
 
 
 
 
 
 
Australia
%
1.6
 
1.7
 
2.2
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
Canada
%
1.3
 
1.6
 
1.9
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
Chile
%
4.2
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
European Union
%
0.3
 
1.5
 
1.6
 
1.9
 
1.9
 
1.9
 
1.8
 
1.9
 
1.8
 
1.8
 
1.8
 
Japan
%
0.5
 
0.2
 
0.9
 
1.1
 
1.6
 
1.3
 
1.6
 
1.6
 
1.6
 
1.6
 
1.6
 
Korea
%
1.0
 
1.7
 
1.8
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
Mexico
%
4.0
 
3.6
 
3.7
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
New Zealand
%
0.7
 
0.7
 
1.1
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
Norway
%
2.7
 
2.5
 
2.0
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
Switzerland
%
-0.5
 
0.1
 
0.2
 
0.9
 
1.0
 
1.0
 
1.0
 
1.0
 
1.0
 
1.0
 
1.0
 
Turkey
%
8.3
 
8.2
 
6.8
 
6.7
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
United States
%
1.0
 
1.7
 
2.2
 
2.5
 
2.4
 
2.3
 
2.4
 
2.4
 
2.4
 
2.4
 
2.4
 
Algeria
%
4.5
 
4.8
 
4.3
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
Bangladesh
%
6.7
 
6.9
 
6.6
 
6.3
 
6.0
 
5.7
 
5.7
 
5.7
 
5.7
 
5.7
 
5.7
 
Brazil
%
8.8
 
7.6
 
6.6
 
4.6
 
4.5
 
4.5
 
4.5
 
4.5
 
4.5
 
4.5
 
4.5
 
China
%
1.8
 
2.3
 
2.4
 
2.6
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
Egypt
%
10.4
 
18.2
 
13.1
 
9.6
 
7.0
 
7.1
 
7.1
 
7.1
 
7.1
 
7.1
 
7.1
 
India
%
5.4
 
5.2
 
5.3
 
5.2
 
5.0
 
4.9
 
4.9
 
4.9
 
4.9
 
4.9
 
4.9
 
Indonesia
%
5.5
 
4.2
 
4.4
 
4.3
 
4.1
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
Iran
%
11.6
 
7.2
 
6.2
 
5.7
 
5.2
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
Malaysia
%
2.4
 
3.0
 
2.9
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
Pakistan
%
5.3
 
5.2
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
Russia
%
10.2
 
5.0
 
4.5
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
Saudi Arabia
%
3.0
 
2.0
 
4.7
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
South Africa
%
5.7
 
6.0
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
Ukraine
%
25.3
 
11.0
 
8.0
 
6.6
 
5.5
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
Uruguay
%
9.3
 
8.7
 
8.0
 
7.0
 
6.6
 
6.3
 
6.3
 
6.3
 
6.3
 
6.3
 
6.3
 
OECD 2,3
%
1.2
 
1.9
 
2.1
 
2.4
 
2.4
 
2.3
 
2.4
 
2.4
 
2.4
 
2.4
 
2.4
 
GDP DEFLATOR 1
 
 
 
 
 
 
 
 
 
 
 
 
Australia
%
-0.1
 
1.9
 
1.8
 
2.4
 
2.4
 
2.4
 
2.4
 
2.4
 
2.4
 
2.4
 
2.4
 
Canada
%
0.6
 
2.0
 
2.0
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
Chile
%
4.2
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
European Union
%
1.1
 
-0.1
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
1.7
 
Japan
%
1.3
 
0.0
 
0.7
 
1.0
 
1.2
 
0.9
 
1.2
 
1.2
 
1.2
 
1.2
 
1.2
 
Korea
%
1.5
 
1.3
 
1.8
 
2.1
 
1.9
 
2.2
 
1.9
 
1.9
 
1.9
 
1.9
 
1.9
 
Mexico
%
3.7
 
3.3
 
3.2
 
3.2
 
3.5
 
3.6
 
3.5
 
3.5
 
3.5
 
3.5
 
3.5
 
New Zealand
%
1.4
 
2.0
 
2.0
 
2.0
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
Norway
%
-1.2
 
1.7
 
1.6
 
2.5
 
2.5
 
2.2
 
2.5
 
2.5
 
2.5
 
2.5
 
2.5
 
Switzerland
%
-0.7
 
0.2
 
0.6
 
0.9
 
1.1
 
1.1
 
1.1
 
1.1
 
1.1
 
1.1
 
1.1
 
Turkey
%
8.3
 
8.2
 
6.8
 
6.7
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
6.5
 
United States
%
1.4
 
1.9
 
2.4
 
2.2
 
2.1
 
2.2
 
2.1
 
2.1
 
2.1
 
2.1
 
2.1
 
Algeria
%
4.5
 
4.8
 
4.3
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
Bangladesh
%
6.7
 
6.9
 
6.6
 
6.3
 
6.0
 
5.7
 
5.7
 
5.7
 
5.7
 
5.7
 
5.7
 
Brazil
%
7.8
 
7.1
 
6.1
 
5.1
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
China
%
0.4
 
2.0
 
2.5
 
1.7
 
2.0
 
2.1
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
Egypt
%
10.4
 
18.2
 
13.1
 
9.6
 
7.0
 
7.1
 
7.1
 
7.1
 
7.1
 
7.1
 
7.1
 
India
%
5.4
 
5.2
 
5.3
 
5.2
 
5.0
 
4.9
 
4.9
 
4.9
 
4.9
 
4.9
 
4.9
 
Indonesia
%
5.5
 
4.2
 
4.4
 
4.3
 
4.1
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
4.0
 
Iran
%
11.6
 
7.2
 
6.2
 
5.7
 
5.2
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
Malaysia
%
2.4
 
3.0
 
2.9
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
3.0
 
Pakistan
%
5.3
 
5.2
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
Russia
%
7.5
 
6.9
 
6.2
 
4.2
 
4.3
 
4.2
 
4.3
 
4.3
 
4.3
 
4.3
 
4.3
 
Saudi Arabia
%
3.0
 
2.0
 
4.7
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
2.0
 
South Africa
%
5.7
 
6.0
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
5.5
 
Ukraine
%
25.3
 
11.0
 
8.0
 
6.6
 
5.5
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
5.0
 
Uruguay
%
9.3
 
8.7
 
8.0
 
7.0
 
6.6
 
6.3
 
6.3
 
6.3
 
6.3
 
6.3
 
6.3
 
OECD 3
%
1.6
 
1.4
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.2
 
2.3
 
2.3
 
WORLD INPUT PRICES
 
 
 
 
 
 
 
 
 
 
 
 
Brent crude oil 4
USD/barrel
65.1
 
58.0
 
62.9
 
65.8
 
68.9
 
72.0
 
75.5
 
79.1
 
82.7
 
86.7
 
89.5
 
Fertiliser 5
USD/t
300.2
 
225.6
 
241.9
 
260.0
 
258.8
 
267.1
 
283.3
 
284.5
 
286.8
 
294.9
 
298.5
 
EXCHANGE RATES
 
 
 
 
 
 
 
 
 
 
 
 
Australia
AUD/USD
1.26
 
1.31
 
1.31
 
1.31
 
1.31
 
1.32
 
1.33
 
1.33
 
1.33
 
1.33
 
1.33
 
Canada
CAD/USD
1.24
 
1.35
 
1.35
 
1.34
 
1.34
 
1.35
 
1.34
 
1.34
 
1.34
 
1.33
 
1.33
 
Chile
CLP/USD
642.38
 
706.86
 
713.93
 
721.07
 
728.28
 
735.56
 
741.90
 
748.30
 
754.75
 
761.26
 
767.82
 
European Union
EUR/USD
0.85
 
0.92
 
0.92
 
0.92
 
0.91
 
0.91
 
0.90
 
0.90
 
0.89
 
0.88
 
0.88
 
Japan
JPY/USD
111.55
 
106.69
 
106.69
 
105.12
 
104.40
 
104.13
 
103.42
 
102.71
 
102.01
 
101.31
 
100.61
 
Korea
KRW/USD
1 114.28
 
1 164.40
 
1 164.40
 
1 167.86
 
1 171.65
 
1 183.99
 
1 187.83
 
1 191.69
 
1 195.56
 
1 199.44
 
1 203.33
 
Mexico
MXN/USD
15.94
 
20.66
 
20.66
 
20.74
 
20.86
 
21.00
 
21.12
 
21.24
 
21.37
 
21.49
 
21.61
 
New Zealand
NZD/USD
1.36
 
1.40
 
1.40
 
1.39
 
1.38
 
1.38
 
1.37
 
1.36
 
1.35
 
1.33
 
1.32
 
Algeria
DZD/USD
95.67
 
111.01
 
116.56
 
122.39
 
128.51
 
134.94
 
137.42
 
139.95
 
142.53
 
145.15
 
147.82
 
Bangladesh
BDT/USD
79.37
 
86.28
 
90.35
 
94.44
 
98.30
 
101.82
 
105.42
 
109.14
 
112.99
 
116.98
 
121.11
 
Brazil
BRL/USD
3.06
 
3.44
 
3.44
 
3.53
 
3.62
 
3.70
 
3.79
 
3.89
 
3.98
 
4.08
 
4.18
 
China
CNY/USD
6.36
 
6.81
 
6.81
 
6.68
 
6.55
 
6.45
 
6.32
 
6.18
 
6.05
 
5.93
 
5.80
 
Egypt
EGP/USD
7.45
 
9.29
 
10.27
 
11.01
 
11.53
 
12.09
 
12.68
 
13.30
 
13.95
 
14.63
 
15.35
 
India
INR/USD
64.47
 
68.65
 
70.44
 
71.93
 
73.55
 
75.20
 
77.28
 
79.41
 
81.61
 
83.86
 
86.18
 
Indonesia
'000 IDR/USD
12.88
 
13.53
 
13.79
 
14.18
 
14.46
 
14.42
 
14.69
 
14.95
 
15.23
 
15.51
 
15.79
 
Malaysia
MYR/USD
3.76
 
3.97
 
3.81
 
3.67
 
3.53
 
3.42
 
3.45
 
3.48
 
3.51
 
3.54
 
3.57
 
Pakistan
PKR/USD
102.46
 
107.43
 
110.69
 
113.86
 
117.24
 
120.63
 
124.03
 
127.53
 
131.13
 
134.83
 
138.63
 
Russia
RUB/USD
55.78
 
66.21
 
66.21
 
66.58
 
66.81
 
67.19
 
67.43
 
67.66
 
67.90
 
68.13
 
68.37
 
Saudi Arabia
SAR/USD
3.75
 
3.75
 
3.75
 
3.75
 
3.75
 
3.75
 
3.75
 
3.74
 
3.74
 
3.74
 
3.74
 
South Africa
ZAR/USD
12.95
 
15.89
 
16.47
 
17.03
 
17.60
 
18.29
 
18.90
 
19.52
 
20.17
 
20.84
 
21.53
 
Ukraine
UAH/USD
20.01
 
27.24
 
27.80
 
28.08
 
28.31
 
28.55
 
29.36
 
30.20
 
31.06
 
31.95
 
32.86
 
Uruguay
UYU/USD
26.87
 
30.70
 
32.31
 
33.68
 
35.04
 
36.42
 
37.92
 
39.49
 
41.13
 
42.83
 
44.60
 
A.1Economic assumptions(cont.)
  Calendar year
‌‌
‌‌
‌2016est‌
‌2017‌
‌2018‌
‌2019‌
‌2020‌
‌2021‌
‌2022‌
‌2023‌
‌2024‌
‌2025‌
‌2026‌
POPULATION 1
 
 
 
 
 
 
 
 
 
 
 
 
Australia
%
1.4
 
1.4
 
1.3
 
1.3
 
1.2
 
1.2
 
1.2
 
1.1
 
1.1
 
1.1
 
1.1
 
Canada
%
1.0
 
0.9
 
0.9
 
0.9
 
0.8
 
0.8
 
0.8
 
0.8
 
0.7
 
0.7
 
0.7
 
Chile
%
1.0
 
1.0
 
1.0
 
1.0
 
0.9
 
0.9
 
0.9
 
0.8
 
0.8
 
0.7
 
0.7
 
European Union
%
0.1
 
0.1
 
0.1
 
0.1
 
0.1
 
0.1
 
0.1
 
0.1
 
0.0
 
0.0
 
0.0
 
Japan
%
-0.2
 
-0.2
 
-0.2
 
-0.3
 
-0.3
 
-0.3
 
-0.3
 
-0.4
 
-0.4
 
-0.4
 
-0.4
 
Korea
%
0.4
 
0.4
 
0.4
 
0.4
 
0.3
 
0.3
 
0.3
 
0.3
 
0.3
 
0.3
 
0.2
 
Mexico
%
1.3
 
1.2
 
1.2
 
1.2
 
1.1
 
1.1
 
1.1
 
1.0
 
1.0
 
1.0
 
0.9
 
New Zealand
%
0.8
 
0.9
 
0.9
 
0.9
 
0.9
 
0.8
 
0.8
 
0.8
 
0.8
 
0.8
 
0.8
 
Norway
%
1.2
 
1.1
 
1.1
 
1.0
 
1.0
 
0.9
 
0.8
 
0.8
 
0.8
 
0.8
 
0.8
 
Switzerland
%
1.0
 
0.9
 
0.8
 
0.8
 
0.7
 
0.7
 
0.7
 
0.7
 
0.7
 
0.6
 
0.6
 
Turkey
%
1.2
 
1.0
 
0.8
 
0.7
 
0.7
 
0.7
 
0.6
 
0.6
 
0.6
 
0.6
 
0.6
 
United States
%
0.7
 
0.7
 
0.7
 
0.7
 
0.7
 
0.7
 
0.7
 
0.7
 
0.7
 
0.7
 
0.6
 
Algeria
%
1.8
 
1.7
 
1.6
 
1.6
 
1.5
 
1.4
 
1.4
 
1.3
 
1.2
 
1.2
 
1.1
 
Argentina
%
1.0
 
1.0
 
0.9
 
0.9
 
0.9
 
0.9
 
0.9
 
0.9
 
0.8
 
0.8
 
0.8
 
Bangladesh
%
1.2
 
1.2
 
1.2
 
1.1
 
1.1
 
1.1
 
1.0
 
1.0
 
1.0
 
0.9
 
0.9
 
Brazil
%
0.8
 
0.8
 
0.8
 
0.7
 
0.7
 
0.7
 
0.7
 
0.6
 
0.6
 
0.6
 
0.6
 
China
%
0.5
 
0.4
 
0.4
 
0.4
 
0.3
 
0.3
 
0.2
 
0.2
 
0.1
 
0.1
 
0.1
 
Egypt
%
2.0
 
2.0
 
1.9
 
1.8
 
1.8
 
1.7
 
1.7
 
1.6
 
1.6
 
1.5
 
1.5
 
India
%
1.2
 
1.2
 
1.2
 
1.1
 
1.1
 
1.1
 
1.1
 
1.0
 
1.0
 
1.0
 
0.9
 
Indonesia
%
1.2
 
1.1
 
1.1
 
1.0
 
1.0
 
1.0
 
0.9
 
0.9
 
0.9
 
0.8
 
0.8
 
Iran
%
1.2
 
1.1
 
1.1
 
1.0
 
0.9
 
0.9
 
0.8
 
0.7
 
0.7
 
0.6
 
0.6
 
Malaysia
%
1.4
 
1.3
 
1.3
 
1.3
 
1.3
 
1.2
 
1.2
 
1.2
 
1.2
 
1.1
 
1.1
 
Pakistan
%
2.1
 
2.0
 
2.0
 
1.9
 
1.9
 
1.8
 
1.8
 
1.7
 
1.7
 
1.6
 
1.6
 
Russia
%
0.0
 
0.0
 
-0.1
 
-0.1
 
-0.1
 
-0.2
 
-0.2
 
-0.2
 
-0.3
 
-0.3
 
-0.3
 
Saudi Arabia
%
2.0
 
1.8
 
1.7
 
1.6
 
1.6
 
1.5
 
1.4
 
1.4
 
1.4
 
1.3
 
1.3
 
South Africa
%
0.9
 
0.8
 
0.8
 
0.7
 
0.7
 
0.7
 
0.6
 
0.6
 
0.6
 
0.6
 
0.6
 
Ukraine
%
-0.4
 
-0.5
 
-0.5
 
-0.6
 
-0.6
 
-0.6
 
-0.6
 
-0.6
 
-0.6
 
-0.6
 
-0.7
 
Uruguay
%
0.4
 
0.4
 
0.4
 
0.4
 
0.4
 
0.3
 
0.3
 
0.3
 
0.3
 
0.3
 
0.3
 
OECD 3
%
0.5
 
0.5
 
0.5
 
0.5
 
0.4
 
0.4
 
0.4
 
0.4
 
0.4
 
0.4
 
0.3
 
World
%
1.1
 
1.1
 
1.1
 
1.1
 
1.0
 
1.0
 
1.0
 
1.0
 
0.9
 
0.9
 
0.9
 
Note: For OECD member countries, as well as Brazil, China and Russia, historical data for real GDP, private consumption expenditure deflator and GDP deflator were obtained from the OECD Economic Outlook No. 100, November 2016. For other economies, historical macroeconomic data were obtained from the IMF, World Economic Outlook, October 2016. Assumptions for the projection period draw on the recent short term update of the OECD Economics Department, projections of the IMF, and for population, projections from the United Nations World Population Prospects Database, 2015 Revision (medium variant). Data for the European Union are euro area aggregates except for population. The price index used is the private consumption expenditure deflator.
Average 2014-16est and 2016est: Data for 2016 are estimated.
Disclaimer: http://oe.cd/disclaimer
1.
Annual per cent change.
2.
Annual weighted average real GDP and CPI growth rates in OECD countries are based on weights using purchasing power parities (PPPs).
3.
Excludes Iceland.
4.
Short-term update for crude oil price from the OECD Economic Outlook N°100 (November 2016). For 2016, the annual average monthly spot price is used, and oil prices during the projection period follow the path of the World Bank average crude oil price projected by the World Bank Commodities Price forecasts, released in October 2016.
5.
World Bank. Data for 2016 are estimated, projections by OECD and FAO Secretariats.
Source: OECD/FAO (2017), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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