Output value and productivity of agricultural industry in Central-East Europe

Abstract

The study analyses the correlations among different economies of selected EU-12 member states based on comparison of agricultural economics variances, namely the output value of the agricultural industry, productivity of input, agricultural gross value added, subsidies on production, agricultural labour input and agricultural income per annual working unit in the period of 2010–2016, based on the Special Program for Social Sciences, as statistical methods. The EU-12 achieved a higher increase in productivity of input, output value of agricultural industry, agricultural gross valued added, as well as agricultural income per agricultural annual working unit compared to the average results of EU-28 for 2010–2016. The output value of agricultural industry and agricultural gross value added per intermediate consumption decreased by 1.35% and by 3.3%, but the factor income – net value added at factor cost – per annual working unit increased by 21%, because of the subsidies on production increased by 3.4% for 2010–2016. In EU-28, the factor income per annual working unit increased, but most of this income was for developing agricultural production technology.