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Sep. 22, 2023 Source: USDA news release USDA's International Food Security Assessment (IFSA) model estimates how food prices and incomes affect food demand and access in 83 low- and middle-income countries. Food security is then evaluated by estimating the share of a country's population that is unable to access sufficient calories to sustain a healthy and active lifestyle. In IFSA countries in 2023, almost 229 million fewer people are estimated to be food insecure compared with 2022, a 16.8-percent decrease. That improvement stems from average annual income growth of 3.7 percent for countries included in the IFSA. In 2023, the average per capita Gross Domestic Product--a proxy for income--for the IFSA countries was $2,415, higher than the $2,253 average for 2020-22. In addition, the drop in the price of vegetable oils contributes to food security improvements in 2023. Vegetable oil is a common component of many foods and, according to the Food and Agricultural Organization of the United Nations, makes up about 10 percent of calories consumed in a day in low-income countries. The year-to-year reduction in food insecurity indicates recovery from factors that continue to affect the global economy, including the Coronavirus (COVID-19) pandemic, high inflation rates for food and farm production inputs, and the ongoing Russian military invasion of Ukraine. Tweet |
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