Money Buzz! Europa

Tag: annual household expenditure

  • The average annual household expenditure in Greece decreased by 30.3% since 2008

    The average annual household expenditure in Greece decreased by 30.3% since 2008

    The average yearly household expenditure in 2019 in Greece amounted to 17,738.64 euro (1,478.22 per month), recording an increase of 2.5%, in comparison to 2018.

    The average yearly expenditure per person in 2019, amounted to 6,942.84 €, recording an increase of 2.5% (168.84 €), in comparison to 2018.

    Half of households spent more than 1,151 euro per month and households living in a rented dwelling spent 17.7% of their total monthly consumption expenditure on rent.

    Food and non-alcoholic beverages accounts for the relatively larger share of expenditure (20.0%) followed by the categories housing (14.0%) and transport (13.4%), whereas education services represent the smallest share of expenditure (3.3%).

    20% of households with the lowest expenditure spent 54.9% of their budget on expenditure related to Food and Housing, whereas 20% of households with the highest expenditure spent 24.6% of their budget on this type of expenditure.

    The highest average yearly expenditure was recorded in the Region of Notio Aigaio and amounted to 20,093.04 euros and the lowest in the Region of Kentriki Ellada at 12,933.24 euros.

    The average annual household expenditure decreased by 30.3%, compared to the year 2008.

  • 2.560 euros, Italian monthly households expenditure in 2019

    2.560 euros, Italian monthly households expenditure in 2019

    In 2019, the estimate of mean monthly consumption expenditure for households residing in Italy was 2.560 euros in current values, substantially unchanged to 2018 (-0.4%) and still far from 2011 levels (2.640 euros per month), followed by two years of strong shrinkage not recovered during the following years.

    According to Istat provisional estimates, excluding expenditure on food and housing, in the first quarter of 2020 mean monthly consumption expenditure decreased by more than 12% compared to the same quarter of the previous year, as a result of the health crisis.

    Expenditure levels in the North west area, 740 euros higher than in the South

    As in the past, the highest expenditure levels were observed in the North west area (2,810 euros), in the North east (2,790) and in the Centre (2,754 euros); the lowest levels, in the Islands (2,071) and in the South (2,068 euros).

    In the North west, in absolute terms, household expenditure was on average about 740 euros higher than in the South and the Islands, that means almost 36% in relative terms.