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The economic accounts for agriculture show that total agricultural output in the European Union (EU) stood at €434.3 billion in basic prices in 2018, slightly up (by 0.6%) compared with 2017. In 2018, the equivalent of 58.2% (or €252.6 bn) of the value of agricultural output generated was spent on intermediate consumption (input goods and services), while gross value added was the equivalent of 41.8% (or €181.7 bn), according to data released today by Eurostat, the statistical service of the …
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