Regional assessment

South America (other)

We assess South America (other) as Exposed (54.2). The region holds the best natural resource base in the index, with renewable internal freshwater running from 17,307 cubic metres per person in Paraguay to 293,317 in Guyana against a stress threshold of 1,700,[12] and it is the only large region in the index whose protein imports transit no maritime chokepoint.

Upstream is where the region binds, scored at 40: phosphate and potash are close to wholly imported across all eight members,[11] and the animal protein produced by the region's two largest consumers runs on roughly 6.2 million tonnes of imported soybean meal and 10.4 million tonnes of imported maize a year.[2] Access and affordability, scored at 52, and shock endurance, at 49, add a second and third constraint that run along the same fault line: a population-weighted 30.1 per cent of the seven members with usable diet-cost data cannot afford a healthy diet,[31] and only Uruguay and Paraguay are rated investment grade by both S&P and Moody's, the crude proxy for who can borrow abroad when a shock hits.[36]

The distribution is the story. Eighteen per cent of the population produces 45 per cent of the protein, and that surplus is shipped overseas rather than to the 80 million people in Colombia and Venezuela who do not feed themselves.[1]

Covers: Colombia, Venezuela, Ecuador, Bolivia, Paraguay, Uruguay, Guyana, Suriname

Colombia, Venezuela, Ecuador, Bolivia, Paraguay, Uruguay, Guyana, Suriname

The protein system

As one unit the eight countries hold 122.5 million people and are a marginal net protein importer. On our computation from FAO Food Balance Sheets for 2023, protein production of 6,308 thousand tonnes sits against domestic supply of 6,898 thousand tonnes, a self-sufficiency ratio of 0.91, with 1,734 thousand tonnes imported and 1,389 thousand tonnes exported.[1] Animal-protein self-sufficiency is 1.11, so in aggregate the region produces more meat, milk, egg and fish protein than it eats. Food protein reaching consumers averages 78.5 grams per person per day, 53.2 per cent of it animal, roughly two-thirds of the United States level of 123.1 grams.[1]

The aggregate hides the widest internal spread we assess anywhere. Per-capita protein supply runs from 66.5 grams a day in Paraguay to 114.2 in Guyana.[1] Self-sufficiency runs from 0.64 in Colombia and 0.70 in Venezuela to 1.26 in Uruguay, 1.28 in Guyana and 1.87 in Paraguay.[1] Colombia and Venezuela hold 66 per cent of the population and both sit well below balance; Paraguay, Uruguay and Bolivia hold 18.3 per cent of the population and produce 45.1 per cent of the protein.[1] Paraguay's low per-capita supply against its enormous output is the clearest illustration of a basic distinction: production is neither sovereignty nor consumption.

Physically this is three systems. In the Andean north, Colombia, Venezuela and Ecuador run intensive poultry, pork and shrimp on imported grain, Colombia producing 2.15 million tonnes of chicken and 628,000 tonnes of pork and Ecuador 1.24 million tonnes of farmed shrimp and 785,000 tonnes of capture fish.[2][26][27] In the southern cone, Paraguay, Uruguay and Bolivia run grass-fed beef and rainfed soy and maize for export from 36.8 million cattle.[25] On the Guiana coast, Guyana and Suriname run rice monocultures of 683,000 and 155,000 tonnes milled in MY2026/27, exporting two-thirds and over half respectively.[2] Regional meat output is 7.80 million tonnes and milk 17.4 million tonnes.[23][24]

Durable domestic capacity: 56

Quantitative score 58, adjusted down 2 points

Staple capacity is robust almost everywhere. Milled rice self-sufficiency in MY2025/26 runs at 1,808 per cent in Uruguay, 1,800 in Paraguay, 291 in Guyana, 221 in Suriname, 102 in Ecuador, 96 in Colombia and 95 in Bolivia.[2] Cattle numbers are large relative to population, from 30.3 million head in Colombia to 11.2 million in Bolivia.[25] Ecuador's aquaculture sector produced 1.24 million tonnes in 2024 for a population of 18 million,[26] the region's single most productive protein asset.

What weighs on the pillar is that the two members holding two-thirds of the population are the weakest producers. Colombia meets about 75 per cent of cereal consumption from imports, and FAO expects a below-average 2026 crop for both maize and paddy, a fourth consecutive year of falling maize area.[3] Venezuela produces no wheat at all, its rice self-sufficiency has fallen to 56 per cent, and aggregate cereal output remains below the 2010-2014 pre-crisis average of about 3.4 million tonnes.[2][4] Access failure compounds output failure: undernourishment is 21.8 per cent in Bolivia, 12.1 in Ecuador and 9.7 in Suriname,[28] moderate or severe food insecurity 35.8 per cent in Suriname and 33.3 in Ecuador,[29] with 6.6 million Colombians needing food assistance in 2026 against 7.1 million internally displaced[3] and 7.9 million Venezuelans needing humanitarian assistance at end-2025.[4]

The indicators put the pillar at 58; we deduct 2 points because Colombia's multi-year contraction in planted area alongside mass displacement, and Venezuela's persistent shortfall against its own pre-crisis output, are capacity actively eroding rather than merely constrained, which a static ratio cannot see, taking the pillar from 58 to 56.

Resource headroom: 68

Quantitative score 70, adjusted down 2 points

On raw indicators this is the strongest resource base in the index. Every member sits between ten and 170 times above the water-stress threshold, from Guyana at 293,317 cubic metres per person to Paraguay at 17,307,[12] and almost all regional agriculture is rainfed. Arable land per person reaches 0.666 hectares in Paraguay, 0.649 in Uruguay and 0.454 in Bolivia.[30] Guyana retains 80 per cent forest cover and Suriname 94.5 per cent.[18][19]

Land area equipped for irrigation covers 22.9 per cent of the region's arable land in 2024, concentrated in Guyana and Suriname's coastal conservancy and polder systems, which are equipped beyond their own narrowly defined cropland base, Ecuador at 50.5 per cent of cropland, Venezuela at 32.0 and Colombia at 20.1, against 8.7 in Bolivia and 2.2 in Paraguay.[39] Where FAOSTAT's agriculture orientation index for credit, the share of agricultural credit relative to agriculture's share of the economy, can be computed, it sits at or above the parity value of 1.00 in four of five measurable members: Guyana 2.06 in 2024, up from 0.52 in 2020; Uruguay 2.05; Ecuador 1.43 in 2022; and Bolivia 1.00 on a stale 2018 reading. Suriname is the exception at 0.66, rising from 0.33 in 2020. Colombia, Paraguay and Venezuela carry no computable series at all.[40] Bolivia, Paraguay and Uruguay turned that capital and irrigation into cropland that grew 81.7, 49.3 and 56.0 per cent respectively between 2000 and 2024, and 26.0, 9.9 and 50.5 per cent on a per-person basis even as population rose.[39][41] Colombia, Venezuela and Ecuador, 80.4 per cent of the region's population, moved the other way over the same period, losing 11.9, 16.1 and 46.6 per cent of cropland per person despite comparable or better irrigation coverage than the expanding trio.[39][41] Colombia's own flagship mobilisation vehicle, the Orinoquía expansion zone designated by CONPES 3797 in 2014 over 5.19 million hectares of the Altillanura, has spent more than a decade in land-concentration litigation, including the Constitutional Court's 2015 voiding of 895,908 hectares of Vichada mining concessions, rather than delivering broad-based expansion.[42] Paraguay's Chaco frontier has already cleared 3.7 million hectares of forest for cattle pasture since 2001 and still sells mostly into markets that impose no deforestation-free requirement.[43]

The protein mix is also more efficient than a feed-conversion table implies. Southern cone beef grows on rangeland that would not grow crops, and Ecuador's shrimp industry, unusually at that scale, draws almost nothing from wild stocks, importing 22,605 tonnes of fishmeal in 2024 against 1.24 million tonnes of output.[10][26] Against a global picture in which only 62.3 per cent of assessed marine stocks remain biologically sustainable,[22] that restraint matters. Feed absorbs 14.5 per cent of regional protein domestic supply, rising to 52.4 per cent in Uruguay and 29.7 in Paraguay.[1]

The score lands at 70, two points below the raw resource base alone would suggest, for the newly quantified population-weighted per-capita cropland decline across four-fifths of the region's people, a trend the stock-only arable-land figures do not show. We applied minus 2 rather than a deeper cut. Irrigation coverage and credit access, tested directly rather than assumed, are real and non-trivial across most of the region, so the discount does not extend to land the region lacks the capital or infrastructure to develop, as it would for a region that failed that test. What survives the discount is the geographic mismatch itself: Colombia at 0.049 arable hectares per person and Ecuador at 0.057 hold 57 per cent of the population,[1][30] and Ecuador's aquaculture headroom physically sits in Argentina, Bolivia and the United States, since its soybean meal self-sufficiency is 1 per cent.[2]

Import exposure: 61

Quantitative score 55, adjusted up 6 points

The region imports a quarter of its protein on a domestic-supply basis and only a tenth of its animal protein.[1] The composition is the point: feed and wheat rather than finished protein, so exposure runs through the livestock sector rather than the shopping basket. Dependency ratios by member are 0.64 in Uruguay, 0.46 in Suriname, 0.38 in Colombia, 0.32 in Venezuela, 0.31 in Guyana, 0.17 in Ecuador, 0.07 in Paraguay and 0.02 in Bolivia;[1] Uruguay's high figure is feed and transit trade, not food.

Supplier concentration makes Colombia the region's problem. Ninety-nine per cent of its 6.85 million tonnes of 2024 maize imports came from the United States, an import Herfindahl-Hirschman index of 0.983, with 84 per cent of soybean meal from the same source.[10] Its 2026 cereal import requirement is 10.7 million tonnes, 17 per cent above the five-year average, of which 8.2 million tonnes is maize, growth traceable to the tariff phase-out under the United States-Colombia Trade Promotion Agreement in 2023.[3] Ecuador is the counter-example, splitting soybean meal across Argentina at 47 per cent, the United States at 30 and Bolivia at 23 for an HHI of 0.359, and wheat across four suppliers for an HHI of 0.324,[10] against a cereal import requirement over 30 per cent above average.[5] Venezuela cannot be assessed on this measure, having ceased reporting to UN Comtrade; its cereal import requirement was 35 per cent above average in MY2025/26.[4]

The distinctive geographic risk is riverine rather than oceanic. Eighty-six per cent of Paraguay's 7.99 million tonnes of 2024 soybean exports went to Argentina,[10] reflecting total reliance on the Paraguay-Paraná waterway to reach Argentine crushers and deepwater ports, and that same channel carries Paraguayan and Bolivian fuel and fertiliser inbound. Paraguayan cereal exports of 3.9 million tonnes in MY2025/26 all move this way.[7]

The indicators, built from each member's own import-dependency ratio, put the pillar at 55; we add 6 points because this region's chokepoint immunity is real and unmeasured, taking the pillar from 55 to 61. Feed and wheat move on short intra-American routes from the United States Gulf, Canada, Argentina, Brazil, Bolivia and Peru, several reachable overland or by river. Panama exposure is partial and recovered: IMF PortWatch records daily transits of 31.8 in 2019, 20.6 in the first quarter of 2024 during the drought, and 32.6 in the first half of 2026.[21]

Upstream dependence: 40

Quantitative score 35, adjusted up 5 points

This pillar decides the score. Fertiliser dependence is close to total. Phosphate import dependence is at or above 100 per cent of agricultural use in Bolivia, Ecuador, Guyana, Paraguay, Suriname and Uruguay, with Colombia at 79 per cent; potash is at or above 100 per cent in six of eight, Colombia at 82; nitrogen is 122 per cent in Guyana, 112 in Paraguay, 101 in Ecuador, 100 in Uruguay and Suriname, and 87 in Colombia.[11] Only Bolivia and Venezuela produce nitrogen at scale, Bolivia making 167,717 tonnes of nutrient nitrogen at Bulo Bulo in 2023 and exporting 106,730 tonnes of it.[11]

Feed dependence is severe in exactly the countries with the most people. In MY2026/27 Ecuador is forecast to import 2.35 million tonnes of soybean meal against 20,000 tonnes produced at home, Colombia 2.55 million tonnes of meal and 8.6 million tonnes of maize against 1.4 million tonnes of domestic maize, and Venezuela 975,000 tonnes and 1.4 million tonnes respectively.[2] Colombian chicken and pork and Ecuadorian shrimp are therefore imported protein wearing a domestic label, and the animal-protein ratios of 0.91 and 1.51 that flatter both countries under capacity are contingent on that flow continuing. Energy is mixed: Colombia, Ecuador, Venezuela and Guyana produce oil and Paraguay and Uruguay are hydro-rich, but Bolivia held reserves worth 0.52 months of imports in 2025 with a parallel exchange rate in operation,[12][15] which makes routine diesel and fertiliser purchases uncertain.

The indicators put the pillar at 35; we add 5 points because the region contains its own feed-protein origination and the substitution channel already operates commercially, taking the pillar from 35 to 40. Bolivia and Paraguay are forecast to produce 5.26 million tonnes of soybean meal in MY2026/27 and export 4.03 million tonnes, against regional imports of 6.20 million tonnes,[2] and 44 per cent of Bolivia's 2024 meal exports went to Colombia with a further 5 per cent to Ecuador.[10] Maize is the harder case: regional imports of 10.4 million tonnes against 2.8 million tonnes of intra-regional exports leave a structural 7.6 million tonne deficit only the United States, Brazil or Argentina can fill.[2]

Access and affordability: 52

Quantitative score 58, adjusted down 6 points

On the FAO/World Bank Cost and Affordability of a Healthy Diet series, seven of the eight members average 30.1 per cent of population unable to afford a healthy diet in 2024, population-weighted across 76.9 per cent of the region's people; Venezuela is entirely absent from the underlying database.[31] Colombia at 36.6 per cent and Uruguay at 33.2 diverge furthest above that figure, against Bolivia at 9.5 and Guyana at 10.0 furthest below.[31] Bolivia's low unaffordability share sits oddly beside the region's highest undernourishment rate, 21.8 per cent, and second-highest stunting, 16.1 per cent (2016): a cheap basic diet coexists there with genuine nutritional deficit.[28][32] Population-weighted undernourishment across all eight is about 7.4 per cent and stunting about 13.3 per cent, both moderate.[28][32]

Price volatility is the sharpest divider. Bolivia's inflation rose from 2.6 per cent in 2023 to 19.5 in 2025 on the dollar and diesel shortage, while Colombia, Ecuador, Paraguay, Uruguay and Guyana all held 2025 inflation under 6 per cent.[33] Venezuela's end-of-period inflation reached 475 per cent in 2025 on the IMF's April 2026 estimate, and 252 per cent on the period-average measure the other seven members are reported on.[35] Physical access fails for non-price reasons in the three largest members, 80.5 per cent of the population: Colombian conflict and displacement, Venezuelan fuel and transport breakdown, and Ecuador's gang-related security crisis, disrupting highway and port logistics since January 2024.[3][4][5][34]

The indicators put the pillar at 58; we deduct 6 points because Venezuela's absence from the CoAHD database is a known, sourced gap rather than a neutral one: triple-digit inflation on either IMF measure, sovereign default and 7.9 million people needing humanitarian assistance at end-2025 make it near-certain that Venezuela's true unaffordability share is the region's highest, and its 23.1 per cent population weight would pull the regional figure toward the top of the same scoring band rather than leave it unchanged, taking the pillar from 58 to 52.

Shock endurance: 49

Quantitative score 46, adjusted up 3 points

Thin fiscal depth meets deep substitution capacity. No member discloses a strategic reserve, and commercial stocks are thinnest where dependence is greatest. Maize ending stocks in MY2025/26 equal about 10 days of consumption in Ecuador, 11 in Uruguay, 14 in Colombia and 18 in Venezuela, against 33 in Paraguay and 44 in Bolivia; soybean meal stocks equal 27 days in Colombia and 35 in Ecuador against 243 in Bolivia.[2] Crisis purchasing power is the region's weakest component. Reserves cover 8.7 months of imports in Uruguay and 7.3 in Colombia but only 2.9 in Ecuador, 0.85 in Guyana and 0.52 in Bolivia,[12] and sovereign credit ratings show only Uruguay (BBB+/Baa1) and Paraguay (BBB-/Baa3) investment grade at both S&P and Moody's, against Colombia straddling the line at BB-/Baa3, Ecuador's B-/Caa1, Bolivia's CCC+/Ca, Suriname's CCC+/Caa1 and Venezuela's withdrawn Fitch rating and outright default.[36] GNI per capita is USD 3,860 in Venezuela and 4,420 in Bolivia against 24,020 in Uruguay,[12][13] widening the same gap between who can borrow through a shock and who cannot.

The shock record is poor. Venezuela's post-2014 collapse still leaves 7.9 million people needing assistance after five consecutive years of growth.[4] Bolivia's dollar and diesel shortage delayed planting in consecutive seasons before normalising for 2026, and Santa Cruz wheat flour prices were still 40 per cent above year-earlier levels in October 2025 with rice over 20 per cent higher.[6] Uruguay's drought from October 2022 to August 2023 cut GDP growth to 0.8 per cent,[17] and Ecuador contracted 2 per cent in 2024 before rebounding 3.7 per cent in 2025.[14] Partly offsetting thin market access is a documented capacity to scale social protection fast: Colombia added 3 million households to its Ingreso Solidario cash-transfer programme and gave 2.6 million poor households extra transfers behind a USD 700 million World Bank loan in 2020,[37] and Bolivia's USD 254 million Emergency Safety Nets programme reached about 3.6 million people the same year,[38] evidence that the two most populous and food-insecure members can deliver income support quickly even though neither can borrow cheaply on world markets.

What ultimately sustains the score is substitution rather than finance. The indicators put the pillar at 46; we add 3 points because a feed interruption here converts into a change in the meat mix rather than a protein deficit, taking the pillar from 46 to 49. Rice self-sufficiency is 95 to 102 per cent in Colombia, Ecuador and Bolivia and far above 100 in the other five;[2][8] beans, plantain, tilapia and grass-fed beef need no imported feed; and the replacement suppliers are neighbours. FAO attributed a 6.2 per cent monthly fall in world maize prices in June 2026 partly to ample South American supply,[20] which is to say the substitute origin lies inside this region's own neighbourhood. The wider price environment is benign for importers and favourable for exporters, with the Food Price Index at 130.3, the Cereal Price Index at 110.2 and the Meat Price Index at a record 131.0 in June 2026.[20]

Trajectory

Three movements will decide whether this picture improves. First, whether the feed deficit is sourced internally. Bolivian and Paraguayan crush capacity already makes almost as much soybean meal as the region imports, and the flow already reaching Colombia shows the trade is viable rather than aspirational.[2][10] Redirecting the Paraguayan surplus, 86 per cent of it currently exported as whole beans to Argentina,[10] into regional meal supply is the largest available improvement to the upstream score, and the obstacle is logistics and price rather than agronomy.

Second, fertiliser. Bulo Bulo is the only nitrogen asset of consequence and already exports two-thirds of output.[11] There is no phosphate or potash resource of scale in the eight, so this dependence is structural. What can change is supplier diversity and buffer depth, neither currently disclosed by any member.

Third, fiscal repair in the fragile members. Bolivia at 0.52 months of import cover cannot absorb a price shock and Venezuela has no market access; both cut deep, in either direction. Guyana is the genuine upside, with output projected above 1.3 million barrels a day by 2027[18] and rice at record levels, though whether that becomes sovereignty or merely purchasing power depends on where the Natural Resource Fund is spent. Colombia is the most consequential downside risk, because a fourth year of falling maize area alongside 14 days of maize stocks and 99 per cent single-supplier concentration is the region's most fragile configuration measured against the number of people it feeds.

Country notes

Colombia. The region's largest consumer at 52.3 million and weakest producer on the pillars that matter: self-sufficiency 0.64, about 75 per cent of cereal consumption imported, a 2026 import requirement of 10.7 million tonnes.[1][3] Its 91 per cent animal-protein ratio is a feed illusion resting on 99 per cent United States maize concentration and 14 days of stocks.[2][10] Rice at 96 per cent, 30.3 million cattle and 7.9 million tonnes of milk are the buffer; 6.6 million needing assistance and 7.1 million displaced are the floor.[3][13][24][25]

Venezuela. The worst case, and the clearest demonstration that protein sovereignty is destroyed faster than rebuilt. Self-sufficiency 0.70, no wheat production against 1.65 million tonnes of imports, rice at 56 per cent, import requirement 35 per cent above average.[1][2][4] It keeps 15.7 million cattle, 4.0 million tonnes of milk and its own nitrogen capacity, so the resource base survives; the payment capacity does not.[11][24][25]

Ecuador. The most productive protein system and the most upstream-dependent. Animal-protein self-sufficiency 1.51 on 1.24 million tonnes of shrimp and 785,000 tonnes of capture fish, with 1.08 million tonnes of frozen shrimp exported for USD 6.23 billion in 2024.[1][10][26][27] Soybean meal self-sufficiency is 1 per cent.[2] Its saving graces are supplier diversification and very low marine-ingredient reliance.[10] Dollarisation removes the devaluation channel, reserves cover 2.9 months and undernourishment is 12.1 per cent.[12][14][28]

Bolivia. Structurally among the strongest producers and financially the most fragile: 2.03 million tonnes of soybean meal exported, 102 per cent maize self-sufficiency, its own nitrogen, 0.454 arable hectares per person.[2][11][30] Also landlocked, importing all phosphate and potash, with 0.52 months of import cover in 2025.[11][12][15] Diesel shortages delayed planting in consecutive seasons before normalising for 2026; undernourishment of 21.8 per cent is the region's highest.[6][28]

Paraguay. The protein powerhouse and clearest upward divergence: self-sufficiency 1.87 on 11.1 million tonnes of soybeans, 5.2 million tonnes of maize and 580,000 tonnes of beef with 465,000 exported, from 7.0 million people.[1][2][7] Public debt of 41.3 per cent of GDP and 6.6 per cent growth in 2025 give real fiscal room.[16] Per-capita protein supply of 66.5 grams a day is nonetheless the region's lowest, because the surplus is exported rather than eaten,[1] and the vulnerability is logistical.

Uruguay. The most food-secure member on outcomes: 104.5 grams of protein a day, 2.5 per cent undernourishment, 16.2 per cent food insecurity, 8.7 months of import cover, GNI per capita USD 24,020.[1][12][28][29] Animal-protein self-sufficiency 2.18 on 12.0 million cattle, 625,000 tonnes of beef and rice stocks worth 949 days of domestic use.[1][2][25] Its 0.64 import dependency ratio is the region's highest but is almost all feed and transit trade.[8] The 2022-23 drought that cut growth to 0.8 per cent is the template for its real exposure, which is climate rather than trade.[17]

Guyana. The fastest-changing food system here: record paddy production of 1.14 million tonnes in 2025, rice self-sufficiency near 291 per cent, the region's highest per-capita protein supply at 114.2 grams a day.[1][2][9] Oil has transformed purchasing power, GDP up 43.4 per cent in 2024 on 225 million barrels and GDP per capita of USD 29,883.[18] Against that, reserves covered 0.85 months in 2023, animal-protein self-sufficiency is 0.91, all feed and fertiliser is imported, food prices rose 5.7 per cent in 2024, and the Venezuelan claim to the Essequibo is an unresolved risk over the region's newest surplus producer.[1][2][12][18]

Suriname. The weakest member on the balance of pillars and the smallest: self-sufficiency 0.74 and animal-protein 0.73, with 46 per cent of protein and 52 per cent of animal protein imported, and rice at 221 per cent plus 32,147 tonnes of capture fish effectively the whole domestic system.[1][2][27] Food insecurity of 35.8 per cent in 2022 is the region's highest recorded, alongside 46.5 per cent multidimensional poverty.[19][29] Fiscal repair is real, inflation falling from 51.6 per cent in 2023 to 11.2 in 2024 with offshore oil expected from 2028, but reserves cover 3.3 months and no plausible scale of domestic production could replace imports.[12][19]

Country notes

Colombia
The region's largest consumer at 52.3 million people and its weakest producer on the pillars that matter: protein self-sufficiency 0.64 (2023), about 75 per cent of cereal consumption imported, and a 2026 cereal import requirement of 10.7 million tonnes including 8.2 million tonnes of maize. Its 91 per cent animal-protein self-sufficiency is a feed illusion, since 99 per cent of 2024 maize imports and 84 per cent of soybean meal came from the United States and maize stocks cover about 14 days. Domestic maize area has fallen for a fourth consecutive year since the CTPA tariff phase-out in 2023. Rice at 96 per cent self-sufficiency, 30.3 million cattle and 7.9 million tonnes of milk are the genuine buffer; 6.6 million people needing food assistance and 7.1 million internally displaced are the genuine floor.
Venezuela
The region's worst case: protein sovereignty is destroyed faster than it is rebuilt. Protein self-sufficiency 0.70, cereal import requirement 35 per cent above the five-year average in MY2025/26, no wheat production at all against 1.65 million tonnes of imports, and rice self-sufficiency down to 56 per cent. Aggregate cereal output remains below the 2010-2014 pre-crisis average of about 3.4 million tonnes and 7.9 million people needed humanitarian assistance at end-2025, even after a fifth consecutive year of GDP growth (2 per cent in 2025, ECLAC). It retains 15.7 million cattle, 4.0 million tonnes of milk and its own nitrogen fertiliser capacity, so the resource base survives; the payment capacity, at GNI per capita of USD 3,860 and no Comtrade reporting, does not.
Ecuador
The region's most productive protein system and its most upstream-dependent. Protein self-sufficiency 1.09 and animal-protein self-sufficiency 1.51, on 1.24 million tonnes of farmed shrimp and 785,000 tonnes of capture fish in 2024, with 1.08 million tonnes of frozen shrimp exported for USD 6.23 billion in 2024. That entire industry sits on imported crop protein: soybean meal self-sufficiency is 1 per cent, wheat close to zero against 2.4 million tonnes of imports, and fertiliser essentially wholly imported. Its saving grace is diversification, with soybean meal split across Argentina, the United States and Bolivia (HHI 0.36) and very little marine-ingredient reliance (22,605 tonnes of fishmeal imports). Dollarisation removes the devaluation channel, so an input price shock lands directly on the fiscal accounts; reserves cover 2.9 months of imports and undernourishment is 12.1 per cent.
Bolivia
Structurally one of the strongest protein producers in the region and financially the most fragile. It crushes its own soybeans into 2.54 million tonnes of meal in MY2026/27 and exports 2.03 million tonnes of it, is 102 per cent self-sufficient in maize, produces its own nitrogen fertiliser at Bulo Bulo (167,717 tonnes of N in 2023, of which 106,730 exported), and holds 0.45 hectares of arable land per person. It is also landlocked, imports all its phosphate and potash, and held foreign reserves worth 0.52 months of imports in 2025 with a parallel exchange rate. Diesel shortages delayed planting in consecutive seasons before normalising for the 2026 crop, and Santa Cruz wheat flour prices were 40 per cent above year-earlier levels in October 2025. Undernourishment of 21.8 per cent is the highest in the region.
Paraguay
The region's protein powerhouse and its clearest divergence upward: protein self-sufficiency 1.87 and animal-protein 2.10, 11.1 million tonnes of soybeans and 5.2 million tonnes of maize forecast for MY2026/27, 580,000 tonnes of beef of which 465,000 exported, and rice self-sufficiency near 1,800 per cent, all on 7.0 million people and 0.67 arable hectares per head. Public debt of 41.3 per cent of GDP and 6.6 per cent growth in 2025 give it real fiscal room. Its per-capita food protein supply of 66.5 grams a day is nonetheless the lowest in the region, because the surplus is exported rather than eaten, and its vulnerability is logistical: landlocked, wholly dependent on imported fertiliser and diesel, and with 86 per cent of 2024 soybean exports routed through Argentina on the Paraguay-Paraná waterway.
Uruguay
The most food-secure member on outcomes, with 104.5 grams of protein per person a day, 2.5 per cent undernourishment, 16.2 per cent moderate-or-severe food insecurity, 8.7 months of import cover and GNI per capita of USD 24,020. Animal-protein self-sufficiency of 2.18 rests on 12.0 million cattle, 625,000 tonnes of beef with 530,000 exported, 2.27 million tonnes of milk and rice stocks equal to 949 days of domestic use. Its protein import dependency ratio of 0.64 is the region's highest, but almost all of that is feed and transit trade rather than food. It imports all of its fertiliser, and the 2022-23 drought that cut growth to 0.8 per cent is the template for its real exposure, which is climate rather than trade.
Guyana
The fastest-changing food system in the region. Record paddy production of 1.14 million tonnes in 2025 with roughly half exported gives it rice self-sufficiency near 291 per cent and the region's highest per-capita protein supply at 114.2 grams a day. Oil has transformed its purchasing power, with GDP up 43.4 per cent in 2024 on 225 million barrels and GDP per capita of USD 29,883, and output projected above 1.3 million barrels a day by 2027. Against that, reserves covered 0.85 months of imports in 2023, animal-protein self-sufficiency is only 0.91, all feed is imported (60,000 tonnes of soybean meal and 50,000 tonnes of maize in MY2026/27), fertiliser is wholly imported and distributed free to rice farmers by the state, food prices rose 5.7 per cent in 2024, and the Venezuelan claim to the Essequibo is an unresolved territorial risk over the region's newest surplus producer.
Suriname
The weakest member on the balance of pillars, and the smallest. Protein self-sufficiency 0.74 and animal-protein 0.73, with 46 per cent of protein imported and 52 per cent of animal protein; poultry is largely imported, and rice at 221 per cent self-sufficiency plus 32,147 tonnes of capture fish are effectively the whole domestic protein system. Moderate or severe food insecurity of 35.8 per cent in 2022 is the region's highest recorded, alongside 9.7 per cent undernourishment and 46.5 per cent multidimensional poverty. Fiscal repair is real, with inflation down from 51.6 per cent in 2023 to 11.2 per cent in 2024 after debt restructuring and offshore oil expected from 2028, but reserves cover 3.3 months of imports and there is no scale at which domestic production could replace imports.

Sources

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  4. GIEWS Country Brief, Venezuela (reference date 29 December 2025) · FAO (2025)
  5. GIEWS Country Brief, Ecuador (reference date 17 December 2025) · FAO (2025)
  6. GIEWS Country Brief, Bolivia (reference date 29 December 2025) · FAO (2025)
  7. GIEWS Country Brief, Paraguay (reference date 4 December 2025) · FAO (2025)
  8. GIEWS Country Brief, Uruguay (reference date 28 January 2026) · FAO (2026)
  9. GIEWS Country Brief, Guyana (reference date 30 October 2025) · FAO (2025)
  10. UN Comtrade (annual partner-level merchandise trade, HS 1001, 1005, 1006, 1201, 0202, 030617, 230120, 230400) · United Nations Statistics Division (2026 (data 2024))
  11. Inputs: Fertilizers by Nutrient (FAOSTAT data) · FAO (2025 (data 2023))
  12. World Development Indicators: GNI per capita, reserves in months of imports, renewable internal freshwater per capita, arable land per capita · World Bank (2026 (latest values 2022-2025))
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  14. Country Overview: Ecuador · World Bank (2026)
  15. Country Overview: Bolivia · World Bank (2026)
  16. Country Overview: Paraguay · World Bank (2026)
  17. Country Overview: Uruguay · World Bank (2026)
  18. Country Overview: Guyana · World Bank (2026)
  19. Country Overview: Suriname · World Bank (2026)
  20. FAO Food Price Index (release of 3 July 2026) · FAO (2026)
  21. PortWatch: Daily Chokepoints Data (Panama Canal daily transits, AIS-derived) · International Monetary Fund (2026)
  22. The State of World Fisheries and Aquaculture 2024 (SOFIA) · FAO (2024 (data 2021-2022))
  23. Meat production (FAOSTAT) · Our World in Data (2025 (data 2024))
  24. Milk production (FAOSTAT) · Our World in Data (2025 (data 2024))
  25. Cattle stocks (FAOSTAT) · Our World in Data (2025 (data 2024))
  26. Aquaculture production (FAO FishStat) · Our World in Data (2025 (data 2024))
  27. Capture fisheries production (FAO FishStat) · Our World in Data (2025 (data 2024))
  28. Prevalence of undernourishment (FAO SDG indicator 2.1.1) · Our World in Data (2025 (data 2023))
  29. Prevalence of moderate or severe food insecurity (FAO SDG indicator 2.1.2) · Our World in Data (2025 (data 2022-2023))
  30. Arable land use per person (FAO via World Bank) · Our World in Data (2025 (data 2023))
  31. Share of population that cannot afford a healthy diet (World Bank/FAOSTAT Cost and Affordability of a Healthy Diet series) · Our World in Data (2025 (data 2024))
  32. World Development Indicators: child stunting, height for age, under 5 (SH.STA.STNT.ZS), sourced from UNICEF/WHO/World Bank Joint Child Malnutrition Estimates · World Bank (2026 (latest survey years 2009-2023))
  33. World Development Indicators: inflation, consumer prices, annual (FP.CPI.TOTL.ZG) · World Bank (2026 (latest value 2025))
  34. Ecuador country page (Venezuelan migrant food insecurity) · World Food Programme (2025)
  35. World Economic Outlook, April 2026 vintage: consumer price inflation, end of period (PCPIEPCH) and period average (PCPIPCH), via the IMF DataMapper · International Monetary Fund (2026 (data 2024-2025, IMF estimates for Venezuela))
  36. Sovereign ratings aggregator (Standard & Poor's, Moody's, Fitch) · countryeconomy.com (2026)
  37. Results Briefs: Supporting Colombia's Covid-19 Crisis Response (9 April 2021) · World Bank (2021 (programme data 2020))
  38. Press Release: Emergency Safety Nets for the Covid-19 Crisis, Bolivia (15 May 2020) · World Bank (2020)
  39. Inputs: Land Use (FAOSTAT data, Americas): arable land, cropland, land area equipped for irrigation, planted forest, 2000-2024 · FAO (2025 (data 1961-2024))
  40. Investment: Credit to Agriculture (FAOSTAT data, normalized): agriculture orientation index for credit · FAO (2025 (data through 2024, coverage varies by member))
  41. World Development Indicators: total population (SP.POP.TOTL), 2000 and 2024 · World Bank (2026 (data 2000, 2024))
  42. Bulletin article: "The Orinoquía region of Colombia: Between oblivion, extractivism and an agricultural reserve" · World Rainforest Movement (2021 (citing CONPES 3797 of 2014 and the Constitutional Court's 2015 Vichada ruling))
  43. "Closing Data Gaps to Eliminate Deforestation and Land Disputes from Beef Supply Chains in Paraguay" · World Resources Institute (2022 (data 2001-2015))

What we could not measure

No country in South America discloses a strategic protein or grain reserve, so shock endurance is scored on commercial ending stocks, a weaker measure than a disclosed reserve. Food-insecurity prevalence is unpublished for Venezuela and Bolivia, likely the region's worst, so undernourishment is used instead. Venezuela has no foreign-reserves figure and its sovereign credit rating has been withdrawn following default, so its capacity to weather a shock rests on qualitative evidence rather than the indicators used for its neighbours.

Published August 2026 ·How scores are produced