Question

Americans spend about 16 percent of their income on food. Families in less developed countries typically spend _____ of their total income on food.

Answer 1

The correct answer is - approximately 50%.

Even though we can roughly put lot of countries in the least developed countries list, still there are differences from country to country. The expenditure on food, from the total available income, in the least developed countries accounts for roughly 50% on average. Now the average can be misleading, as most of the people in the least developed countries spend in the range of the 40% to 46% percents, but there are some where over 80% is spent on food, like Zimbabwe for example, which increases the total average.

Answer 2

Statistically, Less developed countries typically spend over half of their household income on food. In 2016 a survey showed that out of nine less developed countries observed, four were in Africa, four in Asia, and one in South America, below is the outcome of the survey.

AFRICA

Nigeria 56.4%.

Kenya 46.7%.

Cameroon 45.6%.

Algeria 42.5%.

ASIA

Kazakhstan 43.0%.

the Philippines 41.9%.

Pakistan 40.9%.

Azerbaijan 40.1%.

Guatemala is the only country from South American to appear on the list and families here spend about 40.6% of its income on food.

However, with the crisis in Zimbabwe, Somalia, Sudan, and other less developed countries facing Economic, financial and food crisis, it is estimated that as at January 2019, they spend almost 87% of their household income on food.