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

In the Where households spend more on food rating New Zealand holds position #114 ²⁰²¹ out of 138 and Iceland is #115 out of 138 ²⁰²¹.
Position of New Zealand is worse than position of Iceland.
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 New Zealand and Iceland, 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.

   Iceland	'% of household budget for food and non-alcoholic beverages' value is	14.81
   New Zealand	'% of household budget for food and non-alcoholic beverages' value is	14.89