Statement:
In Panama, people spend more of their household budget on food and non-alcoholic beverages than in Switzerland
In the Where households spend more on food rating
Panama holds position #91 2021
out of 138 and Switzerland is #130 out of 138 2021.
Position of Panama is worse than position of Switzerland.
Switzerland 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:
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The countries in the rating sorted by '% of household budget for food and non-alcoholic beverages' in descending order.
Panama '% of household budget for food and non-alcoholic beverages' value is 22.35 Switzerland '% of household budget for food and non-alcoholic beverages' value is 11.93