Statement:
In Australia, people spend less of their household budget on food and non-alcoholic beverages than in Panama
In the Where households spend more on food rating
Australia holds position #129 2021
out of 138 and Panama is #91 out of 138 2021.
Position of Australia is better than position of Panama.
Australia is an outsider of the "Where households spend more on food" rating. People spending a small part of their budget on food indicates a high standard of living, compared to Panama
Referencies:
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The countries in the rating sorted by '% of household budget for food and non-alcoholic beverages' in descending order.
Australia '% of household budget for food and non-alcoholic beverages' value is 12.08 Panama '% of household budget for food and non-alcoholic beverages' value is 22.35