Growth rate in global agricultural output slowed over past decade as rate of total factor productivity (TFP) slowed
- by Keith Fuglie, Stephen Morgan and Jeremy Jelliffe
- 12/7/2023
Over the last six decades, world agricultural output increased at an average annual rate of 2.3 percent, faster than the 1.2 percent average growth rate for input use. This means improvement in total productivity was responsible for nearly half the growth in world agricultural production.