Total agricultural output in the EU down by 1.8% in 2015 compared with 2014

The economic accounts for agriculture show that total agricultural output in the European Union (EU) stood at €411.2 billion at basic prices in 2015, down by 1.8% compared with 2014. In 2015, the equivalent of 60% of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added (i.e. the value of output minus the value of intermediate consumption) was the equivalent of 40% (or €164.6 bn).