Economics of Agriculture, Year 67, No. 4, 2020, (pp. 1191-1204), Belgrade examining nutritional standards applied in the country, diet diversification and protein
quality provided to people (Ali, 2018). Natural Resources and Resilience assesses
a country’s exposure to climate change, and sensitivity to natural resources, i.e. it
evaluates how country is reacting to such risks (EIU, 2019).
The GFSI index can be analysed using adjustment factor or without it. The first three
dimensions give a fair evaluation of food security in the moment of analysis, but they
do not show the stability of situation. Including correction (adjustment) factor related
to natural resources and climate changes provide an insight to food security, but it “also
reflects future stability in the index” (Ali, 2018).
In addition to changes made in 2017 (including dimension of Natural Resources and
Resilience), in 2019 GFSI introduces new metrics indicators (as shown in Table 2).
Although most indicators remain the same, it is not possible to compare 2019 data with
previous years, with exception of 2018 where scores and ranking were updated to be
directly comparable. Due to this, analysis in this paper was limited to 2018 and 2019.
Table 2. Conceptural framework of the GFSI index in 2019 iteration
Affordability Availability Quality & Safety Natural Resources & Resilience Change in average
food costs
Sufficiency of supply
(kcal/per capita/per
day)
Dietary
diversity
Exposure (temperature rise, drought,
flooding, storm severity, sea level rise,
commitment to managing exposure)
Proportion of
population under
global poverty line
Public expenditure on
agricultural research
and development
Nutritional
standards
Water (quantity, quality)
Gross domestic
product per capita
(US$PPP)
Agricultural
infrastructure
Micronutrient
availability
Land (land degradation, grassland,
forest change)
Agricultural import
tariffs
Volatility of
agricultural
production
Protein quality Oceans (ocean eutrophication, marine
biodiversity, marine protected areas)
Presence of
food safety-net
programme
Political stability risk Food safety
Sensitivity (Food import dependency,
Dependence on natural capital, Disaster
risk management)
Access to financing
for farmers
Corruption
Adaptive capacity (early warning
measures, national agricultural risk
management system)
Urban absorption
capacity
Demographic stress (population
growth, urbanisation)
Food loss
Source: Systematization of authors based on Economist Intelligence Unit, 2019.
The GFSI is calculated for 113 countries, which were selected based on regional
diversity, economic importance, population size and with the aim to include regions
around the globe. Countries with larger populations were selected so that a greater
share of the global population is represented. Serbia is the only country included in