The Role of Agriculture in Gross Added Value

Abstract

The paper presents a study on the sectoral structure of gross added value in various countries including European countries.The purpose of this study is to identify the role of agriculture as an economic activity in the formation of gross added value of countries, to identify and determine areas of the economy development on the basis of comparison and experience of different countries.Structural differences based on the index analysis.A comparative analysis of the structure of gross value added for the presented set of countries is performed for the first time.Most European countries have a low level of differences in the sectoral structure of gross added value compared to the Russian Federation.Different growth rates of the main macroeconomic indicator are possible at a very low level of differences in the sectoral structure.This indicates the presence of more extensive, systemic factors, relationships, trends in macroeconomics.Methods and results can be used in socio-economic research, developing strategies for the effective development of sectors of the national economy of countries based on the optimal structure.This research makes a significant contribution to enriching the practice of applying the methodology for studying structural differences by international calculations.

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