This Infographic Reviews Country Spending Compared to the US
Vasiliki Marapas — November 5, 2013 — Lifestyle
References: graphs.net
Though America has a bad rap for being a gluttonous nation, this comparative consumption infographic reveals countries that spend more than Americans on food, alcohol and tobacco.
Based on data conducted by the USDA and EuroMonitor, the infographic concludes that the average American spends $4,431 per person per year. That figure was divided by food spent at home ($2,274,) money spent on restaurant meals ($1485) and money spent on alcohol and tobacco ($673). However, last year Americans did live up to their reputation by spending the most money on fast food, with a whopping $649 per person.
How did other countries measure up? Italy, Canada, Hong Kong, Spain and Sweden emerged as big spenders, each breaking the $5,000 mark.
Additional Sources:
Countries spending more than Americans on eating, drinking and smoking
Based on data conducted by the USDA and EuroMonitor, the infographic concludes that the average American spends $4,431 per person per year. That figure was divided by food spent at home ($2,274,) money spent on restaurant meals ($1485) and money spent on alcohol and tobacco ($673). However, last year Americans did live up to their reputation by spending the most money on fast food, with a whopping $649 per person.
How did other countries measure up? Italy, Canada, Hong Kong, Spain and Sweden emerged as big spenders, each breaking the $5,000 mark.
Additional Sources:
Countries spending more than Americans on eating, drinking and smoking
Trend Themes
1. Comparative Consumption - Opportunity to analyze and compare spending habits across different countries and industries.
2. Food and Beverage Spending - Opportunity to identify countries that surpass the US in food and beverage spending, revealing potential new markets for food and beverage industries.
3. Fast Food Expenditure - Opportunity to capitalize on the high spending on fast food in the US and develop innovative strategies to capture this market segment.
Industry Implications
1. Data Analytics - Opportunity for the data analytics industry to develop tools and methodologies to analyze and interpret comparative consumption data.
2. International Food and Beverage - Opportunity for businesses in the food and beverage industry to expand into countries that spend more than the US on food and beverage products.
3. Fast Food Chains - Opportunity for fast food chains to innovate and capture a larger share of the US fast food market.
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