Statement:
In Israel, 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 Israel holds position #122 ²⁰²¹ out of 138 and Panama is #91 out of 138 ²⁰²¹.
Position of Israel is better 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 Israel 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.

   Israel	'% of household budget for food and non-alcoholic beverages' value is	13.49
   Panama	'% of household budget for food and non-alcoholic beverages' value is	22.35