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Global Food Waste (Value Lost)

The global value of food lost or wasted each year is estimated at around $1 trillion. This includes food lost in supply chains and food wasted by consumers and retailers. The figure represents the economic cost, not the volume of food.

Currency:

Since January 1st

$688.8B

Year progress

68.9% of the year

Earned so far: $688.8BRemaining: $311.2B

What the Global Food Waste (Value Lost) counter represents

MoneyPerSecond Editorial

UNEP's Food Waste Index and the FAO's separate Food Loss Index together underpin most $1 trillion-scale estimates of what wasted food costs the world economy each year, though the two agencies split the supply chain at different points: FAO tracks losses from farm to retail, while UNEP's index measures waste at retail, food service, and household stages. The World Bank has cited figures in this range when totaling both halves, though exact totals shift depending on which crops, regions, and loss stages a given study includes.

Weak cold-chain infrastructure drives much of the loss side in lower-income regions, where produce can spoil before it ever reaches a market, while high-income countries lose comparatively more at the consumer stage—over-purchasing, confusing 'best by' date labels, and portion sizes that outpace appetite. Weather shocks and harvest volatility add year-to-year swings on the production side, and pandemic-era supply chain disruptions showed how quickly a logistics bottleneck can turn perfectly edible food into waste before it clears a warehouse.

This is a value figure, not a tonnage or calorie count, and it should not be read against hunger statistics as if the two canceled out: FAO's food security reporting tracks people who lack reliable access to food as a separate problem from where surplus food is lost or thrown away, since waste in one supply chain rarely offsets scarcity in another. Compare this page with our World GDP counter for scale—$1 trillion in lost value is roughly one percent of global economic output, concentrated in food systems rather than spread evenly across every sector.

For citation, the UNEP Food Waste Index Report and FAO's food loss estimates are the primary sources, both of which publish methodology sections explaining what counts as 'lost' versus 'wasted.' Real food loss is seasonal—concentrated around harvests and holiday surpluses—so the steady per-second animation here is a simplification meant to make a trillion-dollar figure tangible, not a claim that food is wasted at an identical rate every hour of the year.

Time Breakdown

$31,709.79

per second

⏱️

$1,902,587.52

per minute

🕐

$114,155,251.14

per hour

📅

$2.74B

per day

📊

$1T

per year

How is this calculated?

// Annual amount

$1T

÷ 31,536,000 seconds/year

// Per second

= $31,709.79/sec

The counter starts from January 1st of the current year and accumulates at a rate of $31,709.79 every second, based on Global Food Waste (Value Lost)'s estimated annual figure of $1T.

Methodology

Based on UNEP and FAO estimates of the monetary value of food lost and wasted globally. Annual total is divided by 31,536,000 seconds. The figure is an approximation and varies by region and methodology.

While you were here

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Data Sources

Disclaimer

Food waste value is an estimate; methodologies and regional data vary.

Frequently Asked Questions

How much value is lost to food waste per second globally?

Based on an estimated $1 trillion in annual value lost to food waste, the world loses approximately $31,709 in food value every second.

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