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

In the Where households spend more on food rating Equatorial Guinea holds position #15 ²⁰²¹ out of 138 and Singapore is #137 out of 138 ²⁰²¹.
Position of Equatorial Guinea is worse than position of Singapore.
Singapore 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 Equatorial Guinea

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.

   Equatorial Guinea	'% of household budget for food and non-alcoholic beverages' value is	47.90
   Singapore	'% of household budget for food and non-alcoholic beverages' value is	6.82