How European Countries Spend Their Money

by The Bearing Wave on September 24, 2015

Earlier this month, The Economist published a chart with comparisons how households in leading selected countries prioritise their spending. Now the newspaper has published the same comparison for selected European countries.

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Looking at figures from just a handful of European countries reveals surprising contrasts. In Malta, an island nation of 450,000 south of Italy, almost 20% of household expenditure goes on restaurants or hotels. In Lithuania that figure is 2.9%. Relative to much of the EU, Lithuania is a poor country with a per capita household expenditure of €7,500 ($8,500), half the EU average. Thus its people spend a larger share of their budget on food and clothing than any other EU country. Somewhat predictably the Dutch splurge most on recreation, while Greeks spend the least (a trait that pre-dates the financial crisis)—the money they save could perhaps be spent on more sensible endeavours like transport, or paying-off debt.

See the full dataset with all EU countries here.

About The Bearing Wave :

The Bearing Wave is a blog for the consulting firm Bearing, where we write about our methodology and experience. We also present news from our practice and thoughts on development, and we sometimes publish guest authored articles. The blog has been published since 2009 and contains hundreds of articles, and it has several hundred readers every day from across the world.

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