How much people in different countries spend on food
THE discovery by European food shoppers that some of them have been eating horse in place of beef is, some argue, a result of a trend in the rich world. Spending on food as a share of total income has declined markedly,?but at the expense,?some say,?of quality. This is a nice kind of problem to have:?people in poor countries are forced to devote a far higher share of income to buying food. As the chart shows, that correlation between poverty and spending on food is not watertight: Indians, for example,?spend less of their household budget on food?than Russians do. In general, though, as countries develop people spend proportionally less on food. South Koreans?spent one-third of their?income?on food in 1975; now the figure is just 12%. That leaves more money for the more enjoyable things in life. Hungarians lead the way in these matters:?they?devote?around?10% of?their?household spending?to alcohol and tobacco.
Source: http://www.economist.com/blogs/graphicdetail/2013/03/daily-chart-5
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