The Agriculture Orientation Index (AOI) in Latin America and the Caribbean has declined from 0.33 in 2015 to 0.26 in 2017, showing an increasingly higher public underinvestment in agriculture in the region. The Agriculture Orientation Index (AOI) measures how regions and countries contribute to the development of the agricultural sector, comparing the central government's contribution to agriculture with the own sector's contribution to the Gross Domestic Product (GDP). An AOI of less than one (1) indicates that the agricultural sector depends less on governmental spending than on its own contribution to the domestic economy, whereas a score of more than 1 shows a higher governmental involvement in agricultural development, compared to the sector's contribution to GDP. All throughout the period of consideration, the AOI showed scores well below one in Latin America and the Caribbean, a region whose economy has been traditionally dependent on agricultural revenues.
Agricultural orientation index in Latin America and the Caribbean from 2001 to 2017
The source provides the following additional information: "The Agriculture Orientation Index (AOI) for Government Expenditures compares the central government contribution to agriculture with the sector’s contribution to GDP. An AOI of less than 1 indicates a lower orientation of the central government towards the agriculture sector relative to the sector’s contribution to the economy, while an AOI of greater than 1 indicates a higher orientation of the central government towards the agriculture sector relative to the sector’s contribution to the economy."
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FAO. (July 18, 2019). Agricultural orientation index in Latin America and the Caribbean from 2001 to 2017 [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1031185/agricultural-orientation-index-latin-america-caribbean/
FAO. "Agricultural orientation index in Latin America and the Caribbean from 2001 to 2017." Chart. July 18, 2019. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1031185/agricultural-orientation-index-latin-america-caribbean/
FAO. (2019). Agricultural orientation index in Latin America and the Caribbean from 2001 to 2017. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1031185/agricultural-orientation-index-latin-america-caribbean/
FAO. "Agricultural Orientation Index in Latin America and The Caribbean from 2001 to 2017." Statista, Statista Inc., 18 Jul 2019, https://www.statista.com/statistics/1031185/agricultural-orientation-index-latin-america-caribbean/
FAO, Agricultural orientation index in Latin America and the Caribbean from 2001 to 2017 Statista, https://www.statista.com/statistics/1031185/agricultural-orientation-index-latin-america-caribbean/ (last visited November 03, 2024)
Agricultural orientation index in Latin America and the Caribbean from 2001 to 2017 [Graph], FAO, July 18, 2019. [Online]. Available: https://www.statista.com/statistics/1031185/agricultural-orientation-index-latin-america-caribbean/