Is Agriculture 4.0 in Czech Republic More Real than Industry 4.0? Analysis of Selected Macroeconomic Indicators

Abstract

In recent years, there has been a lot of talk about the introduction of new technologies into the production process due to Industry 4.0 initiative, and in agriculture, Agriculture 4.0. Based on the analysis of data from Eurostat, it appears that the importance of the agricultural sector in the Czech economy has been decreasing since the 1990s, its performance and productivity are not adequate compared to other sectors. However, according to the available data, the agricultural sector can be characterized as an area of the economy in which the Agriculture 4.0 initiative has been manifested itself in recent years, especially in terms of evaluating the year-on-year growth of the relevant components of fixed assets. Even if the manifestations of this initiative are not reflected in the overall state of the sector assessed through labor productivity or the hours worked per person, the dynamics of the use of new technologies has been more pronounced in agriculture in recent years than in the rest of the Czech economy. It can therefore be concluded that the Agriculture 4.0 initiative in the Czech Republic has its impacts with positive prospects for the future.