Statement:
In The USA, 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 The USA holds position #136 2021 out of 138 and Equatorial Guinea is #15 out of 138 2021.
Position of The USA is better than position of Equatorial Guinea.
The USA 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:

  1. 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
    The USA '% of household budget for food and non-alcoholic beverages' value is 7.72