x

Economy

Elstat: Greek Households’ Spending on Purchases Down 9.9% in 2020

September 29, 2021

ATHENS — Greek households' average annual spending on purchases fell 9.9 pct in 2020, falling to 15,981.96 euros (1,331.83 euros per month) compared with 2019, as a result of the pandemic and the lockdown, Hellenic Statistical Authority said on Wednesday.

More specifically, the report said that 50 pct of households spent more than 1,080 euros per month, with households living in rented accommodation spending 19.8 pct of their budget on average on rent. The highest average annual spending was recorded in Attica (18,401.52 euros) and the lowest in Central Greece (11,193.24 euros). The average annual spending per person was 6,255.60 euros, down 9.9 pct from 2019. Average spending on food, non-alcoholic beverages and housing for the poorest 20 pct of the population accounted for 58.2 pct of household spending, while the equivalent spending for the richest 20 pct of the population accounted for 29 pct of household spending.

Food and beverages accounted for 23.1 pct of average spending, followed by housing (15.3 pct) and transport (12.3 pct). The biggest negative percentage change in household spending in 2020 was recorded in leisure/culture (36.4 pct), hospitality (35.4 pct), clothing/footwear (27.4 pct), while increases were recorded in food (4.2 pct), alcohol/tobacco (3.9 pct), education (2.6 pct), health (1.3 pct) and communication (0.8 pct).

The report said that households living in rural areas spent an average of 1,085.33 euros per month in 2020, while those living in urban areas spent 1,404.28 euros. A 15.6 pct of the population faced the risk of poverty.

RELATED

ATHENS - A primary surplus of 2.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

9 Are Facing Charges in What Police in Canada Say is the Biggest Gold Theft in the Country’s History

TORONTO (AP) — Police said nine people are facing charges in what authorities are calling the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago.

LOS ANGELES – The Los Angeles Greek Film Festival (LAGFF) announced that Greek-American pop singer Angelina Alexon will perform live for Greek Night at the Hollywood Scene and Be Seen Bash, the LAGFF’s staple event scheduled for Thursday, June 6.

NEW YORK  — Two jurors in Donald Trump's hush money trial were dismissed Thursday, one after expressing doubt about her ability to be fair following disclosure of details about her identity and the other over concerns that some of his answers in court may have been inaccurate.

NEW YORK – Greek-American billionaire John Catsimatidis said that “his firm Red Apple Group is looking to make ‘green’ energy affordable by developing a new breed of small nuclear reactors — and the company has hired a seasoned energy executive to lead the effort,” the New York Post reported on April 17.

WASHINGTON, DC – The 3rd Nikos Mouyiaris Memorial Lecture which had been scheduled for April 20 at Rutgers University in New Jersey will be rescheduled for the fall of 2024 as the organizers received a call from U.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.