Economics of Agriculture, Year 67, No. 4, 2020, (pp. 1191-1204), Belgrade public investment in agriculture including “rural infrastructure, agricultural research
and extension services, technology development, etc.” in order to enhance agricultural
productive capacity (EIU, 2019). All participants in a food system – producers, logistics
companies, retailers and consumers – should use innovations to identify completely new
ways of producing, distributing and consuming food that will improve food security.
9
Achieved GDP per capita (expressed in purchasing power parity in US$) in Serbia is
significantly lower than in the neighbouring countries. The level of GDP per capita
in Bulgaria is 29% higher than the Serbian average, in Greece by 65%, in Romania
by 70% and in Hungary by about 79% (Table 7). This indicator is one of the main
reasons of Serbia’s lagging behind in terms of the achieved level of food security
(measured by GFSI) in relation to the analyzed neighbouring countries.
Table 7. GDP per capita (US$ PPP) in Serbia and neighbouring countries in 2019
Serbia Bulgaria Romania Hungary Greece GDP per
capita
18,989.0
24,561.2
32,297.3
33,979.0
31,399.4
Index WB
100,0
129,3
170,1
178,9
165,3
Source: Authors’ processing and interpretation of data based on World Bank database
Growth of economic activities, increase of employment and reduction of poor population,
as well as significantly higher public expenditures for research and development are crucial
for innovations necessary to increase productivity in agriculture and reduce harmful effects
on the environment, improving the food system and food security in Serbia.
Conclusion In order to measure level of food security, various indicators have been defined. The Global
Food Security Index (GFSI) is an indicator that measures the level of food security of
individual countries and allows comparison between them. The latest GFSI data for 2019
show that Serbia is the worst ranked among the chosen neighbouring countries and is placed
on 59
th
place, while Greece is the best positioned (31
st
position out of 113 countries).
The comparative analysis of individual dimensions of food security (affordability,
availability, food quality and safety, and natural resources and resistance to adverse
climate and other influences) indicates that all neighbouring countries have achieved
higher score for each of these dimensions of food security. This confirms the initial
hypothesis that, in terms of food security, Serbia lags behind the selected neighbouring
countries. Serbia is ranked the worst according to the second component of GFSI –
Availability, which can be explained by the factors involved in its calculation, primarily
small allocations for agricultural research and development and significant oscillations
in agricultural production.
9 UN data show that spending on agriculture has decreased compared to the agriculture
contribution to GDP since the early 2000s (EIU, 2019).