Statement:
In Cabo Verde, people spend more of their household budget on food and non-alcoholic beverages than in Iceland

In the Where households spend more on food rating Cabo Verde holds position #81 2021 out of 138 and Iceland is #115 out of 138 2021.
Position of Cabo Verde is worse than position of Iceland.
Both countries holds average positions in the "Where households spend more on food" rating. So % of household budget for food and non-alcoholic beverages is an average for both Cabo Verde and Iceland, compared to most countries of the World.

Referencies:

  1. Where households spend more on food 2021 by International Labor Organization
    The countries in the rating sorted by '% of household budget for food and non-alcoholic beverages' in descending order.
    Cabo Verde '% of household budget for food and non-alcoholic beverages' value is 25.23
    Iceland '% of household budget for food and non-alcoholic beverages' value is 14.81