Global Real GDP Growth Assumptions

$179 / year

This dataset shows the long-run projections for the US agricultural sector to 2029 includes assumptions for the US and international macroeconomic conditions and projections for major commodities, farm income, and the US agricultural trade value. Values are from the publication United States Department of Agriculture (USDA) Agricultural Projections to 2029, October 2019.

Complexity

United States Department of Agriculture (USDA) long-term agricultural projections presented in this report are a departmental consensus on a longrun scenario for the agricultural sector. These projections provide a starting point for discussion of alternative outcomes for the sector.
The projections in this report were prepared during October through December 2015, with the Agricultural Act of 2014 assumed to remain in effect through the projection period. The scenario presented in this report is not a USDA forecast about the future. Instead, it is a conditional, longrun scenario about what would be expected to happen under a continuation of current farm legislation and other specific assumptions.

Critical long-term assumptions are made for the US and international macroeconomic conditions, US and foreign agricultural and trade policies, and growth rates of agricultural productivity in the United States and abroad. The report assumes that there are no domestic or external shocks that would affect global agricultural supply and demand. Normal weather is assumed. Changes in any of these assumptions can significantly affect the projections, and actual conditions that emerge will alter the outcomes.
The report uses as a starting point the short-term projections from the November 2015 World Agricultural Supply and Demand Estimates report. The macroeconomic assumptions were completed in October 2015.

The projections analysis was conducted by interagency committees in USDA and reflect a composite of model results and judgment-based analyses. The Economic Research Service had the lead role in preparing the departmental report. The projections and the report were reviewed and cleared by the Interagency Agricultural Projections Committee, chaired by the World Agricultural Outlook Board. USDA participants in the projections analysis and review include the World Agricultural Outlook Board; the Economic Research Service; the Farm Service Agency; the Foreign Agricultural Service; the Agricultural Marketing Service; the Office of the Chief Economist; the Office of Budget and Program Analysis; the Risk Management Agency; the Natural Resources Conservation Service; and the National Institute of Food and Agriculture.

Date Created

2016-02-01

Last Modified

2019-10-01

Version

2019-10-01

Update Frequency

Annual

Temporal Coverage

2018-2029

Spatial Coverage

United States

Source

John Snow Labs; United States Department of Agriculture (USDA);

Source License URL

Source License Requirements

N/A

Source Citation

United States Department of Agriculture (USDA), Release 2016.

Keywords

US Agricultural Projections, Projections for Major Commodities, USDA Agricultural Projections, US Macroeconomic Conditions, US Agricultural Supply and Demand Report

Other Titles

Global Real GDP Assumptions, Population Growth Assumptions

NameDescriptionTypeConstraints
Region_Or_CountryCountry, state or a regionstring-
GDP_2019GDP amount in year 2019numberlevel : Ratio
GDP_Share_2017_To_19Percentage of GDP share in 2017-2019numberlevel : Ratio
Year_2019_DollarsGDP per capita in 2014numberlevel : Ratio
Year_2019Change in Real GDP in terms of Percentage in year 2019numberlevel : Ratio required : 1
Year_2020Change in Real GDP in terms of Percentage in year 2020numberlevel : Ratio required : 1
Year_2021Change in Real GDP in terms of Percentage in year 2021numberlevel : Ratio required : 1
Year_2022Change in Real GDP in terms of Percentage in year 2022numberlevel : Ratio required : 1
Year_2023Change in Real GDP in terms of Percentage in year 2023numberlevel : Ratio required : 1
Year_2024Change in Real GDP in terms of Percentage in year 2024numberlevel : Ratio required : 1
Year_2000_To_2009Average GDP in year 2000 to 2009numberlevel : Ratio required : 1
Year_2010_To_2019Average GDP in year 2010 to 2019numberlevel : Ratio required : 1
Year_2020_To_2029Average GDP in year 2020 to 2029numberlevel : Ratio required : 1
Region Or CountryGDP 2019GDP Share 2017 To 19Year 2019 DollarsYear 2019Year 2020Year 2021Year 2022Year 2023Year 2024Year 2000 To 2009Year 2010 To 2019Year 2020 To 2029
World84013.57155100.011197.676762.49535870599999982.653420212.72025632899999972.7899770742.72696948100000032.7717256552.805423882.9271769052.742327547
North America20235.4460424.1255324.335942.3886160851.8948357111.6328618531.7192755941.7193102841.8283522131.84180725099999992.2752456671.8325580719999999
Canada1945.0671392.3453825.738281.35291016099999981.84625446800000011.9420055151.9000051021.9000040291.89999449300000012.079006722.1994783161.898826647
United States18290.3789121.7855380.246092.5000035761.90000212199999981.6000037191.7000015971.70000219300000021.820681811.8170072532.28381283300000031.825495219
Latin America5859.5784337.1304728599129.3505860.2942239051.8762866262.240559342.4875802992.53493213699999982.5986344812.98147264100000031.7507270542.5721852419999998
Mexico1316.9245611.5927580510343.576170.5390945671.568633081.8541226392.4091093542.3858852.3259460931.48173686599999992.73425104600000022.173392057
Cuba77.114143370.093300535999999996955.3686519999990.93000346400000011.21000182599999981.4199975731.9999963052.75000309899999973.5000028615.6185685629999992.0768148723.43799969
Caribbean & C. America456.390183199999970.54565666600000015877.639162.4483885772.4110629562.5304610732.61112692.7838196752.83240079899999972.821416332.4905765652.794474363
South America4009.1495464.8987576129415.881836-0.0371364281.9292827842.3495612142.5082130432.5508391862.6433501243.4405138671.3745907412.657945526
Argentina444.81994630.5541726179865.268555-1.5334275962.536008122.6558487422.5000007152.40000057199999972.3000020982.5819459741.4710702062.299185538
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