Statement:
In Equatorial Guinea, people spend more of their household budget on food and non-alcoholic beverages than in Colombia

In the Where households spend more on food rating Equatorial Guinea holds position #15 ²⁰²¹ out of 138 and Colombia is #113 out of 138 ²⁰²¹.
Position of Equatorial Guinea is worse than position of Colombia.
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 Equatorial Guinea and Colombia, 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.

   Colombia	'% of household budget for food and non-alcoholic beverages' value is	15.05
   Equatorial Guinea	'% of household budget for food and non-alcoholic beverages' value is	47.90