That’s according to the latest figures compiled by the US Department of Agriculture (USDA). In addition, lack of adequate government policy …
Generally speaking, the more developed a country is, the smaller the percentage of household income it … For one thing, the Philippines is extremely prone to natural disasters, particularly typhoons, which can have a disastrous effect on crops. Americans spend just 6.4% of their household income on food. The average American household spends $2,390 per year on food consumed at home, the USDA notes. The average German household spends $2,646 per year. The Philippines is a southeast Asian country known for its aquamarine waters and beaches. Unfortunately, it is also known for its high income-to-cost ratio when it comes to food prices. In the United States we spend just 6.4% of our disposable income on food prepared at home, and less on food in general than every nation listed except for South Korea.
Food expenditures in selected countries. In South Korea, however, they spend a much larger percentage of their income, almost three times as much, on food to be prepared at home. There are multiple reasons for this. In the Philippines, the average resident spends just over 40% of their average income on food. Brad Plumer of Vox made a couple of really interesting graphs from the USDA's data that show just how much each country spends on food relative to the others, including a shaded world map.
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