Household spending falls in Portugal

0

Household consumption expenditure fell by 8% in the EU in 2020 compared to 2019, with Portugal registering the 6th largest drop.

Portugal scoring 6and biggest fall.

In 2020, a year marked by the sudden onset of the Covid-19 pandemic, household consumption expenditure in the European Union (EU) fell by 8% compared to the previous year. A less steep year-on-year decline than that seen in Portugal (12%), which saw Portugal register the sixth largest drop in domestic spending in the EU, according to recent Eurostat data.

According to the European Statistical Office, the 8% drop in household spending is the largest annual reduction since the start of the series, with all EU countries recording a drop in household spending, with Malta leading the pack. ranking (22%). Next come Croatia, Spain and Greece (all around 16%) and Cyprus (around 14%), followed by Portugal.

At the bottom of the table, i.e. with more moderate falls in domestic consumption, in 2020 compared to 2019, are Slovakia and Denmark (about 2%) and Lithuania and Poland (about 3 %).

These expenses include, for example, electricity, water, gas and accommodation, as well as food and drink, transport and cultural expenses.

Share.

About Author

Comments are closed.