Picodi.com analyst team checked the statistical data from 105 countries and calculated how much money people spend on their groceries worldwide.
The collected data shows that, depending on a country, grocery spendings can vary from a few percent up to over half of consumer spending. For example, less than a tenth of spending on food and non-alcoholic beverages consumed at home can be found in countries such as the USA – 6.7%, Singapore – 8.4%, the UK – 8.7%, Ireland – 9.2% and Switzerland – 9.9%.
In this ranking, Nigeria ranked 105th out of 105 countries – food and non-alcoholic beverages make up 59.0% of spending on goods and services. This result is similar to the one in Bangladesh (52.7%), Kenya (56.1%) and Myanmar (56.6%).
Among the countries included in the ranking, the highest percentage of spending on groceries can be found in Nigeria, Myanmar and Kenya – 59%, 56.6% and 56.1% respectively.
How much money is spent on groceries in Africa?
The highest grocery spending in Africa can be found in Egypt ($114/month), followed by South Africa ($77/month) and Kenya ($74/month).
An average Nigerian spends $62 (₦48,186) monthly on groceries.
The lowest grocery spending can be found in Uganda ($24/month), Ethiopia ($20/month) and Tanzania ($15/month).
Here are some interesting facts from the report:
• Less than a tenth of spending on food and non-alcoholic beverages consumed at home can be found in countries such as the USA – 6.7%, Singapore – 8.4%, the UK – 8.7%, Ireland – 9.2% and Switzerland – 9.9%;
• Nigeria ranked in 105th place (last!), with food and non-alcoholic beverages making up 59.0%% of spending on goods and services;
• The highest percentage of spending on groceries can be found in Nigeria, Myanmar and Kenya – 59%, 56.6% and 56.1% respectively;
• The highest grocery spending in Africa can be found in Egypt ($114/month), followed by South Africa ($77/month) and Kenya ($74/month);
• The lowest grocery spending can be found in Uganda ($24/month), Ethiopia ($20/month) and Tanzania ($15/month);
• An average Nigerian spends $62 (₦48,186) monthly on groceries
