Statement:
In Sri Lanka, 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 Sri Lanka holds position #22 ²⁰²¹ out of 138 and Equatorial Guinea is #15 out of 138 ²⁰²¹.
Position of Sri Lanka 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 Sri Lanka 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	47.9
   Sri Lanka	'% of household budget for food and non-alcoholic beverages' value is	44.0