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

In the Where households spend more on food rating Guatemala holds position #66 ²⁰²¹ out of 138 and Panama is #91 out of 138 ²⁰²¹.
Position of Guatemala is worse than position of Panama.
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 Guatemala and Panama, 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.

   Guatemala	'% of household budget for food and non-alcoholic beverages' value is	28.74
   Panama	'% of household budget for food and non-alcoholic beverages' value is	22.35