The Role of Services, Industry & Agriculture in the Global Economy

Visualizing the Impact of the three sectors in 2018

It is amazing to see how a mainly Agrarian global economy a couple of centuries ago has transitioned to an Industrial base & now dominated by the Services sector. The automation brought about by the advent of the fourth industrial revolution has helped in the transition process.

Talking about the Agriculture sector — apart from technology, factors like climate, arable land, technological access & availability of human labor affect the production in this sector. Although the share of Agriculture’s share of the World’s total GDP has dwindled significantly in the past half a century, its importance can’t be denied.

The data for today’s visualizations comes from the World Bank database, which publishes each country’s output (GDP) as well as the breakdown by agriculture, industry, manufacturing, and services. Using data from The World Bank’s World Development Indicators, we can also determine how agricultural production and employment vary by country.

Each infographic below is followed by the key takeaways.

Agriculture:

World’s Agriculture base serves the need for the global population. As the population has ballooned…