What is the share of housing in European spending?
About a quarter of European spending is on housing.
According to the International Iranian Stone Exhibition, in 2019, households in EU member states spent about 1,700 billion euros in the housing sector, which includes the cost of housing, electricity, gas and other fuels and is equivalent to 12.3% of the total. The volume of GDP of the European Union. Of the total expenditures of European households in the previous year, 23.5% was related to the housing sector, followed by transportation with 13.1%, food and beverages with 13%, and restaurants and hotels with 8.7%. Are.
Among the member states, citizens of Finland and Slovakia had the highest rates of housing expenditures, accounting for 28.8% and 28.4% of the total household expenditures of the two countries last year, respectively. The Danes with 27.9%, the Czech Republic with 26.4%, France with 26.2%, Sweden with 25.8% and Ireland with 25.4% are in the next ranks.
On the other hand, only 12.3% of the expenses of Maltese citizens in the previous year were related to the housing sector. Lithuania with 14.9%, Cyprus with 15.6% and Croatia with 16.2% are the other countries with the lowest housing expenditures in total at the EU level.
Between 2009 and 2019, the housing sector accounted for a decline in total household spending in most EU countries. The largest decrease during this period was related to Romania with 7.5 percent, followed by Poland with 2.6 percent, Cyprus with 2.5 percent, Hungary with 2.3 percent and Slovakia with 2.1 percent. have. On the other hand, the share of the housing sector in total expenditures in Ireland has increased by 3.4%. The increase was 3.3 percent in Finland, 2.1 percent in the Netherlands and 1.4 percent in Luxembourg and Portugal.
* ISNA
