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Americans spend over $350 on beer annually

Germany is not the world's biggest beer drinker.
By Aileen Graef Follow @AileenGraef Contact the Author   |   June 27, 2014 at 6:32 PM
NEW YORK, June 27 (UPI) -- New research by FinancesOnline shows that the top beer consuming countries also pay the most for their beer.

On average, Australia pays $4.45 for a beer and spends $747.90 per person yearly on the beverage. They are also the second largest consumer of beer in the world, averaging 304 beers per person in 2012.

The Czech Republic beat Australia with an average of 419 beers per person, but they are also one of the cheapest places to buy the beverage with the average costing $0.71 in June 2014.

The U.S. is one of the world's largest spenders on beer with each beer drinker spending an average of $356.20 per person on the drink. It doesn't make the top ten though -- the U.S. is number 14 on the list of world beer drinkers with 217 beers per person.

Budweiser, Corona Extra and Heineken are favored internationally, while Bud Light still reigns supreme in the USA.

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