iPhone Index 2024: How Many Days You Need to Work to Afford It
Picodi calculated how many working days residents of different countries need to save up for the flagship iPhone model.
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, the US ranked 1st out of 105 countries – food and non-alcoholic beverages make up 6.7% of spending on goods and services. This result is similar to the one in Singapore (8.4%), the UK (8.7%) and Ireland (9.2%).
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.
The highest grocery spending in the Americas can be found in the USA ($256/month), followed by Canada ($231/month) and Costa Rica ($221/month), which can be explained by the overall high prices in those countries.
As mentioned above, an average American spends $256 monthly on groceries.
The lowest grocery spending can be found in Honduras ($59/month), Bolivia ($55/month) and Venezuela ($4/month).
In our report, we used the latest household food and non-alcoholic beverages consumption statistics from Euromonitor and official government websites. For currency conversion, we used the average exchange rate data from Google Finance for July 2023.
The infographics and the statistical data can be used freely for commercial and non-commercial purposes. We only ask you to credit the author of the research (Picodi.com) with a link to this subpage. In case of any questions, feel free to contact us at research@picodi.com.
Picodi calculated how many working days residents of different countries need to save up for the flagship iPhone model.
We checked which countries have the most favourable ratio of basic grocery prices to minimum wage around the world
We compared the single ticket and monthly pass prices and juxtaposed the transport expenses with local average wages
We examined the situation in the United States as well as in other countries in the world