Eurostat: what households spent the most money on during the pandemic

According to data compiled and published by the European Statistical Office Eurostat, in 2020 the category “housing, water, energy” spent more than a quarter of income, or 25.7% of EU household expenditures, which is 2.2 percentage points more than in 2019. …

“Food and non-alcoholic drinks” and “Furniture and household appliances” also showed an increase between the categories of household expenditures by 1.8 and 0.5 percentage points, which is 14.8% and 6.0%, respectively.

As Eurostat notes, the pandemic crisis and restrictive measures introduced in 2020 in EU member states have had an impact on how citizens spend their income.

The impact of restrictions is evident in categories such as Restaurants and Hotels (-2.7 percentage points), Transport (-1.5 percentage points) and Recreation and Culture (-0.9 percentage points), while these categories account for 6%, 11.6% and 7.8%, respectively, of total spending in 2020.

The countries where households spent the most money on “housing, water and energy” in 2020 are Slovakia (30.7%), Finland (30.5%) and Denmark (28.9%). Cypriots (18%), Maltese (16.8%) and Lithuanians (15.5%) spend the least money as a percentage on household expenses.

Households in Greece spent 23.1% of their total spending on “housing, water and energy”, up from 25.7% on the EU average and 19.4% on “food and soft drinks”, well above the average. across the EU (14.8%).

The difference in the average spending of the Greek household as a percentage of the total is significant compared to the EU average for the restaurant-hotel category, where the Greek average is 4.3 points (10.3%) higher than the EU average. Europe (6%).

In contrast, the average spending on leisure and entertainment in Greece was 4.8% of total household spending in 2020, while in the EU it was 7.8%.

Source link

High-quality journalistic work cannot be free, otherwise it becomes dependent on the authorities or the oligarchs.
Our site is solely funded by advertising money.
Please disable your ad blocker to continue reading the news.
Best regards, editors