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

In the Where households spend more on food rating Laos holds position #17 ²⁰²¹ out of 138 and Equatorial Guinea is #15 out of 138 ²⁰²¹.
Position of Laos is better than position of Equatorial Guinea.
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 Laos and Equatorial Guinea, 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.

   Equatorial Guinea	'% of household budget for food and non-alcoholic beverages' value is	47.90
   Laos	'% of household budget for food and non-alcoholic beverages' value is	46.09