In 2020, household consumption expenditure in the EU decreased by an unprecedented 8% compared with 2019. The largest decrease was recorded in Malta (around -22%), followed by Croatia, Spain and Greece (all around -16%).
In 2020, household consumption expenditure in the EU decreased by an unprecedented 8% compared with 2019. The largest decrease was recorded in Malta (around -22%), followed by Croatia, Spain and Greece (all around -16%).
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This is the largest annual reduction recorded since the time series started and it is due to the effects of the COVID-19 pandemic.
Social distancing measures, government restrictions imposed on the movement of people and non-essential economic activities severely affected household consumption expenditure.
When comparing 2019 with 2020, the largest decrease was recorded in Malta (around -22%), followed by Croatia, Spain and Greece (all around -16%).
On the other hand, the smallest decreases were recorded in Slovakia and Denmark (both around -2%), followed by Lithuania and Poland (both around -3%).
[Source](https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20220117-1)
That’s very good , I hope we continue decrease consumption.
Other title: How dependend for travel is your economy?
Interesting to see the [household expenditure by category and country](https://ec.europa.eu/eurostat/cache/infographs/hhexpcofog/hhexpcofog_2020/?lang=en).
Economic Recovery
Financial market crash coming . Malta are one step ahead than the rest .
Slovakia: You can’t have a large % change in expenditure if you don’t have enough money to spend in the first place. (genius)