Metadata Sub-indicator 2.4.1.8. Agricultural factor income per annual work unit

Goal 2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

Target 2.4. By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, that strengthen capacity for adaptation to climate change, extreme weather, drought, flooding and other disasters and that progressively improve land and soil quality.

Indicator 2.4.1. Proportion of agricultural area under productive and sustainable agriculture

Sub-indicator 2.4.1.8. Agricultural factor income per annual work unit

The indicator is a partial measure of labor productivity in agriculture. Agricultural factor income measures the income generated by agriculture, which is used to remunerate borrowed or rented factors of production (capital, wages and land rents), as well as own factors of production (own labor, capital and land). For the calculation of the indicator, factor income is deflated according to the GDP deflator to be expressed in real terms. Annual work units (AWU) are defined as full-time equivalent employment (corresponding to the number of full-time equivalent jobs), i.e., as the total hours worked divided by the average annual number of hours worked in full-time jobs within the State.

The indicator is constructed by taking, for the reference year, the “factor income” data provided by the statistical operation “Economic Accounts for Agriculture” (IOE No. 01053) and dividing it by the number of AWUs employed in agriculture in the same reference year. This indicator is deflated according to the GDP deflator to transform it into real terms and is expressed in index form taking as a reference the data for the year 2010 as index 100.

Percentage

Annual

Tier I

Yes

Cuentas Económicas Nacionales de la Agricultura (ISO code: 01053)

MAPA

13/10/2023

FAO