Friday, January 20, 2012

Friday Fun Farm Facts--Food Costs

U.S. Consumers spend just 10% of their disposable income on food each year, while those in other countries spend much more.*

Comparison to other countries:

Pakistan - 50% of disposable income
Jordan - 43% of disposable income
Philippines - 38% of disposable income
China - 32% of disposable income
Japan - 14% of disposable income

Of the 10% of disposable income Americans spend on food each year, 58% is for food eaten at home and 42% is for food eaten away from home.**

* Based on a 5-year average of data from 2003-2007.
**Figures for all other countries are for food consumed at home. As food consumed at home is less expensive, the gap between these countries and the U.S. would be even greater if food consumed away from home was added.

--info from the American Farm Bureau Federation Food & Farm Facts booklet

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