COMCEC Agriculture Outlook 2016
5
Figure 3. Share of Agricultural GDP in the OIC and World
Source: Calculated by using UNSTAT
In the last decades, agriculture activity in most of the OIC countries has been gradually
replaced by services and industrial activity which leads to decrease in the share of agriculture
sector in OIC total GDP. Economists can explain this situation as when an economy is in a
developing path the relative importance of the agriculture sector declines and the relative
importance of industry and service sectors rise.
Figure 3 illustrates that at the beginning of 1990, the share of agriculture sector in OIC
total GDP is around 16 percent, and it dramatically declined to 12 percent in the following
decade. From 2000s to now, the decrease in the share of agriculture sector in OIC’s total GDP
continues with a slowing speed. As of 2014, it reached to 10 percent which is more than two
times higher than the share of agriculture sector in the world’s total GDP. The different pattern
of two figures demonstrates that while the relative contribution of agriculture sector to the
economy in the OIC is shrinking over time, it shows an increasing path in the world as from
2000s.
16,0
12,0
10,7 10,1
5,2
3,5
4,1 4,5
0
2
4
6
8
10
12
14
16
18
1990 2000 2010 2014
Percent
OIC World