Bulgarian Households’ Income Rises, Spending Dips in Q4’2015

Business » FINANCE | February 16, 2016, Tuesday // 20:59
Bulgaria: Bulgarian Households’ Income Rises, Spending Dips in Q4’2015

The average income per member of Bulgarian households rose by 2.9% on the year for the fourth quarter of 2015, reaching BGN 1,262 (EUR 645), according to official data released on Tuesday.

The average spending per household member edged down by 0.7% year-on-year, reaching BGN 1,162 (EUR 594) for October-December period of 2015, the National Statistical Institute (NSI) said in a quarterly report on households' income and expenditure.

Wages accounted for 55.2% of Bulgarian householdsincome during the fourth quarter of 2015, followed by pensions (25.9%), self-employment (7.0%), and social benefits (3.8%).

Food absorbed nearly a third of Bulgarian households' expenditure in the last quarter of 2015, followed by housing (16.7%) and transport and communication (11.2%), the NSI said.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: Bulgaria, National Statistical Institute, NSI, report, households, income, expenditure
Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria