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

In the Where households spend more on food rating Panama holds position #91 ²⁰²¹ out of 138 and Denmark is #126 out of 138 ²⁰²¹.
Position of Panama is worse than position of Denmark.
Denmark 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 Panama

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.

   Denmark	'% of household budget for food and non-alcoholic beverages' value is	12.87
   Panama	'% of household budget for food and non-alcoholic beverages' value is	22.35