The pie charts compare the average household spending in four different countries, namely Vietnam, Singapore, the USA, and Bangladesh, in 2020.
Overall, food accounts for the largest proportion of expenditure in Vietnam and Bangladesh, whereas in the USA, the biggest share is spent on entertainment. Singapore shows a more balanced distribution across categories.
In Vietnam, the majority of household spending goes on food, making up 60% of the total. Utilities account for 30%, while both rent/mortgage and entertainment represent only 5% each. Similarly, in Bangladesh, food dominates spending at 70%, followed by utilities at 18%. The proportions for entertainment and rent/mortgage are relatively small, at 10% and 2% respectively.
In contrast, the USA allocates the largest share of its budget to entertainment, which constitutes 40%. Food accounts for 30%, while utilities and rent/mortgage make up 20% and 10% respectively. Singapore presents a more even pattern, with 37% spent on food, 30% on rent/mortgage, 21% on utilities, and 12% on entertainment.
In summary, essential items like food take up the largest share in developing countries, while spending patterns in more developed countries are more diverse.