Agricultural income 2020 according to preliminary estimates above previous year's level
With €7.7 bn, the value of the agricultural
industry’s output was 3.2% above previous year’s level. The
value of crop output increased significantly
Production costs increased, with expected rises of the cost of intermediate consumption goods and services by 1.6% and of fixed capital consumption by 3.2%.
Based on preliminary calculations, the value of overall subsidies
(product-specific subsidies and other subsidies on production) accounted
for €1.5 bn in 2020
As a consequence of these developments, agricultural
factor income is expected to have risen by 4.9% to about €2.6 bn.
With a further decline in agricultural labour input estimated at
For more detailed information please refer to the German version.
© STATISTICS AUSTRIA, Last Changed 24.02.2021