Albanians save on rent, spend for food – entertainment and luxury remain impossible
Albania has cheaper prices than European Union countries especially for food, beverages, hotels and restaurants, but that does not mean that Albanians can benefit from this trend.
INSTAT’s Household Expenditure Survey shows that most of the budget goes for food and non-alcoholic beverages.
With 45.2%, Albania is far from any other EU country, which has an average of 12.2%.
This spending among Albanian families is higher than in other countries of the region, such as Serbia, where these expenditures account for only 26.8% of the total.
By comparing the budget of an Albanian residence and others in Europe, it turns out that there are significant differences in how money is spent.
Thus, in the union countries, what is most burdensome is housing, rent, water and electricity.
This expenditure accounts for one quarter of the budget of a European family and similarly of a family in Serbia.
While Albanians are favored by the fact that 93% of households are owners of the apartment they live in. In Serbia this figure is only 81%, while in Germany it is down to 52%.
Another area where the families in the country save is the transport, for which only half of what they spend is spent in the EU.
And despite saving in rent and transport, there is still no sufficient income for entertainment.
It is noted that for the Entertainment and Culture group, an Albanian family spends only 1/3 of that of a European family.
This is expressed as a percentage of total spending, since if we calculate that the family budget in Europe is greater, then the differences are even more pronounced.
Similarly, less is spent on restaurants and hotels, although it should be said that we leave behind Serbia in this area.
SCAN
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