Food Supply Indicator Category Flashcards
1
Q
Domestic Food Price Index
A
The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices, weighted with the average export shares of each of the groups for 2002-‐2004. Domestic food price level index is an important indicator for global monitoring of food security because it compares the relative price of food across countries and over time. Scale: I$; range (0 – 11.70)
2
Q
Domestic Food Price Volatility
A
The domestic food price volatility index measures the variability in the relative price of food in a country. The indicator is calculated from the monthly domestic food price level index using monthly consumer and general food price indices and purchasing power parity data. Price volatility has a strong impact on food security because it affects household incomes and purchasing power. It can transform vulnerable people into poor and hungry people. Economists distinguish between predictable and unpredictable volatility; the latter being characterized in terms of shocks. Production can vary either because of variations in area planted or because of yield variations, typically owing to weather. Consumption varies because of changes in incomes, changes in prices of substitutes and shifts in tastes. It is generally supposed that the most important source of price variability in agriculture is weather shocks to agricultural yields. Scale: Index; range (0 – 211)
3
Q
Food Imports
A
Food imports as a percentage of total merchandise imports. Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats), and SITC division 22 (oil seeds, oil nuts, and oil kernels). The values in this series are estimated by World Bank staff from the COMTRADE database maintained by the United Nations Statistics Division. Scale: percentage of total merchandise imports; range (0% -‐ 63%)
4
Q
Per Capita Food Supply Variability
A
Food imports as a percentage of total merchandise imports. Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats), and SITC division 22 (oil seeds, oil nuts, and oil kernels). The values in this series are estimated by World Bank staff from the COMTRADE database maintained by the United Nations Statistics Division. Scale: percentage of total merchandise imports; range (0% -‐ 63%)
5
Q
Per capita food supply variability
A
Per capita food supply variability corresponds to the variability of the net per capita food supply value in kcal/capita/ year. Scale: kcal/capita/year; range (0 – 1,142)
6
Q
Agriculture Value Added
A
Agriculture includes forestry, hunting, and fishing, as well as cultivated crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. Scale: percentage of total Gross Domestic Product; range: (0% -‐ 70)