Money Buzz! Europa

Tag: average income

  • Average income per household member in Bulgaria at EUR 922,85

    Average income per household member in Bulgaria at EUR 922,85

    The total income average per household member in Bulgaria during the fourth quarter of 2020 is at 1.805 BGN, NSI reports.

    This is an increase by 2.0% compared to the same quarter of 2019.

    The highest relative share of income within the total income is this from wages and salaries (54.1%). Income from pensions is at 30.1% and from self-employment at 6.2%.

    Compared to the Q4 2019 the relative share of income from wages and salaries decreases by 2.1 percentage points (pp) and income from pensions increases by 2.8%.

    The total expenditure average per household member during the fourth quarter of 2020 is 1,681 BGN, an increase by 0.7%.

    The greatest share in forming the total expenditure has expenditure on food and non-alcoholic beverages, 28.8% as well as expenditure on housing, 18.2%.

    Taxes and social insurance contributions count for 12.9% and transport and communication for 11.3% of total expenditure.

  • The Czech economy recorded a record decline in the second quarter

    The Czech economy recorded a record decline in the second quarter

    The Czech economy contracted by 10.9% in the second quarter of 2020, the most severe decline in the country’s history, according to revised data released by the Czech Statistical Office.

    Czechia’s GDP is expected to decline between 6% and 8% this year, followed by an advance of 3.9% next year.

    Amid the pandemic crisis, the deficit target has been set at 500 billion Czech crowns, or 8.8% of GDP, from the initial target of 40 billion Czech crowns, but the budget is on schedule for a deficit of 400 billion Czech crowns.

    Monthly income from employment decreased by 7.1%

    The average monthly income from employment reached CZK 34.142 in the Q2 and it decreased in real terms by 7.1%, compared to last quarter.

    In the year-on-year comparison it was 7.4% down.

    The significant decrease of income from employment reflected shutdown of production and closure of some (business) establishments/premises due to coronavirus pandemic.

  • Greece: The average income per person reached 9.382 euros in 2019

    Greece: The average income per person reached 9.382 euros in 2019

    The Hellenic Statistical Authority (ELSTAT) announces that the average equivalized income per person reached 9.382 euros in 2019, a figure 3.9% higher than that recorded in the previous year.

    According to the results of the 2019 Survey on Income and Living Conditions, persons at risk of poverty or social exclusion represent 30.0% of the total population (3.161.900 persons), recording a decrease compared to 2018 by 1.8 percentage points.

    The risk of poverty or social exclusion is higher for persons aged 18-64 years (33.1%) and the share of persons at-risk-of-poverty or social exclusion aged 18-64 years amounts to 31.4% regarding Greek nationals and to 53.7% regarding foreign nationals residing in Greece.

    53.7% of foreigners residing in Greece, aged 18-64 years and being at risk-of-poverty or social exclusion were born in another country, while 30.9% of them are foreigners born and reside in Greece.