The developing food crisis in wake of the Russian invasion of Ukraine and the COVID-19 pandemic affects countries around the globe differently. For many households, the rising prices of wheat and corn have a significant impact on their real income. It is estimated that Armenians will see their real household income shrink by 7.7 percent followed by Georgians and Kyrgyzstanis. The global average amounts to a decline of 1.57 percent.
Estimated decline in real household income due to the rise in wheat and corn prices worldwide in 2022, by country
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UNCTAD. (June 8, 2022). Estimated decline in real household income due to the rise in wheat and corn prices worldwide in 2022, by country [Graph]. In Statista. Retrieved March 11, 2025, from https://www.statista.com/statistics/1315992/rising-cereal-prices-decline-in-real-household-income-by-country/
UNCTAD. "Estimated decline in real household income due to the rise in wheat and corn prices worldwide in 2022, by country." Chart. June 8, 2022. Statista. Accessed March 11, 2025. https://www.statista.com/statistics/1315992/rising-cereal-prices-decline-in-real-household-income-by-country/
UNCTAD. (2022). Estimated decline in real household income due to the rise in wheat and corn prices worldwide in 2022, by country. Statista. Statista Inc.. Accessed: March 11, 2025. https://www.statista.com/statistics/1315992/rising-cereal-prices-decline-in-real-household-income-by-country/
UNCTAD. "Estimated Decline in Real Household Income Due to The Rise in Wheat and Corn Prices Worldwide in 2022, by Country." Statista, Statista Inc., 8 Jun 2022, https://www.statista.com/statistics/1315992/rising-cereal-prices-decline-in-real-household-income-by-country/
UNCTAD, Estimated decline in real household income due to the rise in wheat and corn prices worldwide in 2022, by country Statista, https://www.statista.com/statistics/1315992/rising-cereal-prices-decline-in-real-household-income-by-country/ (last visited March 11, 2025)
Estimated decline in real household income due to the rise in wheat and corn prices worldwide in 2022, by country [Graph], UNCTAD, June 8, 2022. [Online]. Available: https://www.statista.com/statistics/1315992/rising-cereal-prices-decline-in-real-household-income-by-country/
