Thursday. 12.12.2019
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Finnish households spend half of their money on housing, transport and food

Household expenditure was mostly devoted to housing in all EU Member States except Estonia, Lithuania and Romania, where 'Food' was most important, and Cyprus and Malta, where it was 'Restaurants and hotels'.

Finnish households spend half of their money on housing, transport and food

Households have different consumption patterns very much depending on income levels, cultural habits or geographical situation.

In Finland, more than half of the domestic budget (52.3% of the total) is spent on housing (this includes water, electricity, gas and other fuels), transport, food and non-alcoholic beverages, according to the latest figures published by Eurostat.

Actually, it is the housing section that takes most of the money (28.8%) in Finland. The transport section follows (11.9% of total) and food comes in third place (11.6%). Finns spend also in recreation and culture 10.5% of their household money, and 6.6% in restaurants and hotels.

Finnish-households-expenses

Image source: Eurostat

The average percentages in the EU

On average in the European Union (EU) in 2017, the largest part (nearly a quarter) of household consumption expenditure was also devoted to 'Housing, water, electricity and gas' (which excludes purchase of dwellings), while 'Transport' accounted for 13 % and 'Food' for 12 %. 'Restaurants and hotels' and 'Recreation and culture' followed with shares of around 9 % each.

The remaining groups of products and services had shares of around 4 % to 6 %: 'Furnishings and household equipment', 'Clothing and footwear', 'Alcoholic beverages and tobacco' and 'Health'; while 'Communications' and 'Education' had smaller shares of 3 % and 1 %, respectively.

Household expenditure was mostly devoted to housing in all Member States except Estonia, Lithuania and Romania, where 'Food' was most important, and Cyprus and Malta, where it was 'Restaurants and hotels'.

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