Statement:
In Norway, 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
Norway holds position #125 2021
out of 138 and Equatorial Guinea is #15 out of 138 2021.
Position of Norway is better than position of Equatorial Guinea.
Norway 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:
-
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 Norway '% of household budget for food and non-alcoholic beverages' value is 12.97