Food Expenditure vs GDP 2023

Qatar

In 2023, Qatar ranks #31 globally with a Food Expenditure vs GDP value of 2648.681 %. This figure is significantly higher than the global average, reflecting Qatar's unique economic structure and consumption patterns. The high expenditure is driven by the country's wealth from oil and gas exports, coupled with a small population that enjoys a high standard of living and access to diverse food imports.

Honduras

In 2023, Honduras ranks #78 globally in Food Expenditure vs GDP, with a value of 855.16724 %. This figure is significantly higher than many countries in the region, indicating a heavy reliance on food spending relative to its economic output. The high percentage can be attributed to widespread poverty and limited access to affordable food, which forces households to allocate a large portion of their income to basic sustenance.

Azerbaijan

Azerbaijan ranks #58 globally in 2023 for Food Expenditure vs GDP, with a value of 1622.2925 %. This figure is significantly higher than the global average, indicating a substantial portion of the country's economic output is dedicated to food spending. Key drivers include Azerbaijan's reliance on agriculture and food imports, coupled with a relatively high cost of living that affects consumer spending patterns.

Belarus

In 2023, Belarus ranks #63 globally with a Food Expenditure vs GDP value of 1313.9669 %. This figure is notably higher than the global average, indicating a significant portion of economic resources is allocated to food consumption. Contributing factors include Belarus's reliance on agriculture, a sector that plays a crucial role in its economy, and the impact of economic sanctions that have constrained food imports and local production capabilities.

Chile

In 2023, Chile ranks #47 globally with a Food Expenditure vs GDP of 1970.4255 %. This figure indicates that Chile's food expenditure is significantly higher than the global average, reflecting a strong emphasis on food consumption within its economy. Key drivers behind this high expenditure include the country's diverse agricultural sector, which supports local food production, and a growing middle class that prioritizes food quality and variety.

Japan

In 2023, Japan ranks #23 globally with a Food Expenditure vs GDP value of 2865.2551 %. This figure is notably higher than the global average, indicating a significant portion of the economy is dedicated to food consumption. Key drivers include Japan's high cost of living, a strong emphasis on quality and safety in food production, and cultural factors that prioritize fresh and local ingredients.

Costa Rica

Costa Rica ranks #35 globally in 2023 for Food Expenditure vs GDP, with a value of 2477.5427 %. This figure is significantly higher than the global average, indicating a strong focus on food-related spending compared to overall economic output. Key drivers include the country's commitment to sustainable agriculture and a high standard of living, which influences consumer spending patterns on food and nutrition.

Greece

In 2023, Greece ranks #24 globally with a Food Expenditure vs GDP value of 2824.1333 %. This figure is significantly higher than the average for European Union countries, indicating a strong reliance on food spending relative to its economic output. Contributing factors include Greece's rich culinary tradition and the high cost of imported goods, compounded by economic challenges that impact disposable income.

Italy

In 2023, Italy ranks #9 globally with a Food Expenditure vs GDP value of 3388.3633 %. This figure is significantly higher than the global average, indicating a strong emphasis on food spending relative to its economic output. The high food expenditure is driven by Italy's rich culinary culture and the importance of local food production, which is supported by a robust agricultural sector and a strong emphasis on quality ingredients. Additionally, Italy's tourism industry heavily influences food consumption patterns, as visitors often seek authentic Italian dining experiences.

Bahrain

Bahrain ranks #61 globally in 2023 with a Food Expenditure vs GDP value of 1405.4587 %. This figure is significantly higher than the average for the Gulf Cooperation Council (GCC) countries, reflecting a unique economic landscape.

The high food expenditure relative to GDP indicates a heavy reliance on food imports due to Bahrain's limited agricultural capacity and a growing population. Additionally, the country's economic diversification efforts and increased consumer spending contribute to elevated food costs, further influencing this metric.