Here Are The Countries That Spend The Most On Food

BI ^ | 2-24-2014 | Matthew Boesler

[blam]

Here Are The Countries That Spend The Most On Food

Matthew Boesler
Feb. 24, 2014, 8:28 PM

Renaissance Macro Research, Congressional Research Service

This chart plots the share of household income in a given country spent on food against the level of household income in that country.

Neil Dutta, head of U.S. economics at Renaissance Macro, warns that rising food prices may serve as an additional economic headwind to some of the emerging markets in the top-left region of the chart (India, China, Indonesia, and Nigeria, to name a few).

"Food prices are climbing for a range of items including cattle, cocoa, sugar and coffee," says Dutta.

(snip)

[doorgunner69]

Now, plot quality of food the same way. Should be a correlation.

[ArtDodger]

Once you leave the US, owning a home becomes difficult if not impossible so the car becomes the biggest expense, food is next.

[bfh333]

You think the US is hated now...

Wait until the rest of the world understands what the CONSTANT printing of money has done to accelerate this process... Not just from our FED but all the central banks...

There will be a race to see which bankers and politicians can be hung the fastest...

[musicman]

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[Former Proud Canadian]

Do you actually think “the rest of the world” as in the average guy on the street will ever realize what is causing their distress? I think you give people far too much credit.

[Rio]

What’s up with Mexico?

[Rio]

R­²= 0.69 is not so good.

[familyop]

Assuming that the average American family receives over $5,000 per month. It's true that far less than 10% of a month's income spent on food isn't much.

[IMR 4350]

“What’s up with Mexico?”

Probably the price of corn.

Farmers get more to turn it into fuel than food.

[Jemian]

I LOVE Indonesian food. Rendang is fantastic.

[factoryrat]

Most of the “food” available on the US market is over processed crap. Most Americans don’t have the vaguest idea where their food comes from. And, most of the food is ridiculously overpriced for the nutritional content. Get to know your local farmers, and support them by purchasing quality locally grown and raised livestock and produce.

As a defense, I lived a lot of years in farm country, and I can tell you, what you get from the local farmers is WAY better than anything you could buy from a store.

[Balding_Eagle]

As the above chart shows, you’re full of horse shit.

[Revolting cat!]

As the above chart shows, you’re absolutely correct!

[gorush]

Ditto that!

[Texas Fossil]

What’s up with Mexico?

Corruption, La Mordida.

[Texas Fossil]

R­² = Coefficient of Determination

[expatguy]

lol trust me rage is brewing

[Daffynition]

I want to thank the farmers, pickers and truckers for the WONDERFUL Cali-strawberries this winter!

How they can be grown, processed, and sold on the east coast for only $1.99 lb.....I'll never know. But *THANK YOU*!

[djf]

I don’t believe people in the US spend 35K per person for food.

That’s $700 a week PER CAPITA.

I must be reading the chart wrong, wouldn’t be the first time...