Iceland | Food production index (2014-2016 = 100)

Food production index covers food crops that are considered edible and that contain nutrients. Coffee and tea are excluded because, although edible, they have no nutritive value. Development relevance: The commodities covered in the computation of indices of agricultural production are all crops and livestock products originating in each country. Practically all products are covered, with the main exception of fodder crops. The category of food production includes commodities that are considered edible and that contain nutrients. Accordingly, coffee and tea are excluded along with inedible commodities because, although edible, they have practically no nutritive value. It should be noted that when calculating indices of agricultural, food and nonfood production, all intermediate primary inputs of agricultural origin are deducted. However, for indices of any other commodity group, only inputs originating from within the same group are deducted; thus, only seed is removed from the group "crops" and from all crop subgroups, such as cereals, oil crops, etc.; and both feed and seed originating from within the livestock sector (e.g. milk feed, hatching eggs) are removed from the group "livestock products". For the main two livestock subgroups, namely, meat and milk, only feed originating from the respective subgroup is removed. Crop production data refer to the actual harvested production from the field or orchard and gardens, excluding harvesting and threshing losses and that part of crop not harvested for any reason. Production therefore includes the quantities of the commodity sold in the market (marketed production) and the quantities consumed or used by the producers (auto-consumption). Limitations and exceptions: Agricultural data are collected by the Food and Agriculture Organization of the United Nations (FAO) from official national sources through the questionnaire and are supplemented with information from official secondary data sources. The secondary sources cover official country data from websites of national ministries, national publications and related country data reported by various international organizations. The FAO tries to impose standard definitions and reporting methods, but complete consistency across countries and over time is not possible. Data on agricultural employment, in particular, should be used with caution. In many countries much agricultural employment is informal and unrecorded, including substantial work performed by women and children. To address some of these concerns, this indicator is heavily footnoted in the database in sources, definition, and coverage. Statistical concept and methodology: The agricultural production index is prepared by the Food and Agriculture Organization of the United Nations (FAO). The FAO indices of agricultural production show the relative level of the aggregate volume of agricultural production for each year in comparison with the base period 2014-2016. They are based on the sum of price-weighted quantities of different agricultural commodities produced after deductions of quantities used as seed and feed weighted in a similar manner. The resulting aggregate represents, therefore, disposable production for any use except as seed and feed. All the indices at the country, regional and world levels are calculated by the Laspeyres formula*. Production quantities of each commodity are weighted by 2014-2016 average international commodity prices and summed for each year. To obtain the index, the aggregate for a given year is divided by the average aggregate for the base period 2014-2016. Since the FAO indices are based on the concept of agriculture as a single enterprise, amounts of seed and feed are subtracted from the production data to avoid double counting, once in the production data and once with the crops or livestock produced from them. Deductions for seed (in the case of eggs, for hatching) and for livestock and poultry feed apply to both domestically produced and imported commodities. They cover only primary agricultural products destined to animal feed (e.g. maize, potatoes, milk, etc.). Processed and semi-processed feed items such as bran, oilcakes, meals and molasses have been completely excluded from the calculations at all stages. It should be noted that when calculating indices of agricultural, food and nonfood production, all intermediate primary inputs of agricultural origin are deducted. However, for indices of any other commodity group, only inputs originating from within the same group are deducted; thus, only seed is removed from the group "crops" and from all crop subgroups, such as cereals, oil crops, etc.; and both feed and seed originating from within the livestock sector (e.g. milk feed, hatching eggs) are removed from the group "livestock products". For the main two livestock subgroups, namely, meat and milk, only feed originating from the respective subgroup is removed. Indices which take into account deductions for feed and seed are referred to as ''net''. Indices calculated without any deductions for feed and seed are referred to as ''gross". The "international commodity prices" are used in order to avoid the use of exchange rates for obtaining continental and world aggregates, and also to improve and facilitate international comparative analysis of productivity at the national level. These" international prices," expressed in so-called "international dollars," are derived using a Geary-Khamis formula** for the agricultural sector. This method assigns a single "price" to each commodity. For example, one metric ton of wheat has the same price regardless of the country where it was produced. The currency unit in which the prices are expressed has no influence on the indices published. The commodities covered in the computation of indices of agricultural production are all crops and livestock products originating in each country. Practically all products are covered, with the main exception of fodder crops. * A Laspeyres Index is known as a "base-weighted" or "fixed-weighted" index because the price increases are weighted by the quantities in the base period. The Consumer Price Index is an example of a Laspeyres Index. http://www.usna.edu/Users/econ/rbrady/312%20Materials/LaspeyresCalc.pdf ** Geary-Khamis formula is an aggregation method in which category "international prices" (reflecting relative category values) and country purchasing power parities (PPPs), (depicting relative country price levels) are estimated simultaneously from a system of linear equations. http://stats.oecd.org/glossary/detail.asp?ID=5528
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source
Iceland | Food production index (2014-2016 = 100)
1960
74.65 1961
78.78 1962
77.02 1963
75.98 1964
80.67 1965
76.82 1966
81.4 1967
75.82 1968
76.07 1969
74.23 1970
74.19 1971
79.62 1972
82.28 1973
86.72 1974
88.42 1975
86.8 1976
87.77 1977
93.4 1978
93.99 1979
88.11 1980
88.4 1981
87.86 1982
86.08 1983
86.67 1984
88.41 1985
89.55 1986
85.19 1987
75.24 1988
71.22 1989
72 1990
73.09 1991
71.71 1992
68.95 1993
70.89 1994
70.32 1995
68.86 1996
69.69 1997
71.85 1998
75.4 1999
78.21 2000
77.56 2001
80 2002
80.74 2003
80.83 2004
80.59 2005
83.19 2006
87.92 2007
89.22 2008
88.84 2009
89.48 2010
90.46 2011
93.72 2012
92.91 2013
95.52 2014
100.06 2015
104.42 2016
107.98 2017
108.07 2018
107.04 2019
103.56 2020
103.82 2021
2022

Iceland | Food production index (2014-2016 = 100)

Food production index covers food crops that are considered edible and that contain nutrients. Coffee and tea are excluded because, although edible, they have no nutritive value. Development relevance: The commodities covered in the computation of indices of agricultural production are all crops and livestock products originating in each country. Practically all products are covered, with the main exception of fodder crops. The category of food production includes commodities that are considered edible and that contain nutrients. Accordingly, coffee and tea are excluded along with inedible commodities because, although edible, they have practically no nutritive value. It should be noted that when calculating indices of agricultural, food and nonfood production, all intermediate primary inputs of agricultural origin are deducted. However, for indices of any other commodity group, only inputs originating from within the same group are deducted; thus, only seed is removed from the group "crops" and from all crop subgroups, such as cereals, oil crops, etc.; and both feed and seed originating from within the livestock sector (e.g. milk feed, hatching eggs) are removed from the group "livestock products". For the main two livestock subgroups, namely, meat and milk, only feed originating from the respective subgroup is removed. Crop production data refer to the actual harvested production from the field or orchard and gardens, excluding harvesting and threshing losses and that part of crop not harvested for any reason. Production therefore includes the quantities of the commodity sold in the market (marketed production) and the quantities consumed or used by the producers (auto-consumption). Limitations and exceptions: Agricultural data are collected by the Food and Agriculture Organization of the United Nations (FAO) from official national sources through the questionnaire and are supplemented with information from official secondary data sources. The secondary sources cover official country data from websites of national ministries, national publications and related country data reported by various international organizations. The FAO tries to impose standard definitions and reporting methods, but complete consistency across countries and over time is not possible. Data on agricultural employment, in particular, should be used with caution. In many countries much agricultural employment is informal and unrecorded, including substantial work performed by women and children. To address some of these concerns, this indicator is heavily footnoted in the database in sources, definition, and coverage. Statistical concept and methodology: The agricultural production index is prepared by the Food and Agriculture Organization of the United Nations (FAO). The FAO indices of agricultural production show the relative level of the aggregate volume of agricultural production for each year in comparison with the base period 2014-2016. They are based on the sum of price-weighted quantities of different agricultural commodities produced after deductions of quantities used as seed and feed weighted in a similar manner. The resulting aggregate represents, therefore, disposable production for any use except as seed and feed. All the indices at the country, regional and world levels are calculated by the Laspeyres formula*. Production quantities of each commodity are weighted by 2014-2016 average international commodity prices and summed for each year. To obtain the index, the aggregate for a given year is divided by the average aggregate for the base period 2014-2016. Since the FAO indices are based on the concept of agriculture as a single enterprise, amounts of seed and feed are subtracted from the production data to avoid double counting, once in the production data and once with the crops or livestock produced from them. Deductions for seed (in the case of eggs, for hatching) and for livestock and poultry feed apply to both domestically produced and imported commodities. They cover only primary agricultural products destined to animal feed (e.g. maize, potatoes, milk, etc.). Processed and semi-processed feed items such as bran, oilcakes, meals and molasses have been completely excluded from the calculations at all stages. It should be noted that when calculating indices of agricultural, food and nonfood production, all intermediate primary inputs of agricultural origin are deducted. However, for indices of any other commodity group, only inputs originating from within the same group are deducted; thus, only seed is removed from the group "crops" and from all crop subgroups, such as cereals, oil crops, etc.; and both feed and seed originating from within the livestock sector (e.g. milk feed, hatching eggs) are removed from the group "livestock products". For the main two livestock subgroups, namely, meat and milk, only feed originating from the respective subgroup is removed. Indices which take into account deductions for feed and seed are referred to as ''net''. Indices calculated without any deductions for feed and seed are referred to as ''gross". The "international commodity prices" are used in order to avoid the use of exchange rates for obtaining continental and world aggregates, and also to improve and facilitate international comparative analysis of productivity at the national level. These" international prices," expressed in so-called "international dollars," are derived using a Geary-Khamis formula** for the agricultural sector. This method assigns a single "price" to each commodity. For example, one metric ton of wheat has the same price regardless of the country where it was produced. The currency unit in which the prices are expressed has no influence on the indices published. The commodities covered in the computation of indices of agricultural production are all crops and livestock products originating in each country. Practically all products are covered, with the main exception of fodder crops. * A Laspeyres Index is known as a "base-weighted" or "fixed-weighted" index because the price increases are weighted by the quantities in the base period. The Consumer Price Index is an example of a Laspeyres Index. http://www.usna.edu/Users/econ/rbrady/312%20Materials/LaspeyresCalc.pdf ** Geary-Khamis formula is an aggregation method in which category "international prices" (reflecting relative category values) and country purchasing power parities (PPPs), (depicting relative country price levels) are estimated simultaneously from a system of linear equations. http://stats.oecd.org/glossary/detail.asp?ID=5528
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source