Bulgarian Households’ Income, Expenditure Both Rise in 2015

Politics » DOMESTIC | April 17, 2016, Sunday // 12:10
Bulgaria: Bulgarian Households’ Income, Expenditure Both Rise in 2015

Bulgaria’s annual total income average per capita has increased by 2.9% year-on-year in 2015, reaching BGN 4,953, a new statistical survey has found.

The total income average per household member has increased 2.2 times compared with 2004, according to data from the National Statistical Institute (NSI).

Real household income (nominal income deflated by annual average indices of consumer prices) has increased by 3.0% on the year in 2015. The increase in real income over 2004 was 140%.

The NSI noted that with respect to the source of household income in 2015,the income from wages and salaries has increased by 4.4% compared to 2014 and trebled compared to 2004.

Income from pensions has increased by 3.5% compared to 2014 and was up 2.5 times compared to 2004

While income from business activity has risen more than 3.5 times compared to 2004, it has remained unchanged compared to 2014.

The average income from wages and salaries per household member wasBGN 2,726 BGN last year, according to the NSI. The share of this source of household income within the total income was 55% last year, marking an increaseof 0.8 percentage points over 2014 and 14.8 pointshigher than in 2004.

Income from pensions, family allowances, social benefits, scholarships and unemployment benefits was BGN 1,455 and had a share of 29.4% within the total income last year. That share has increased nominally 2.6 times compared to 2004.

The share of pension income within total income was 26.0% last year.

Bulgarian households have spentan average BGN 4,666 per capita in 2015, an year-on-year increase of 3.5%.

Household expenditure has increased 2.4 times during the 2004 - 2015 period, reaching BGN 4,666.The share of consumer expenditure within the total household expenditure has dropped to 83.2% in 2015 from 85.3% in 2004.

Bulgarian households spent on food BGN 1,463 per capita last year, or 31.4% of total income. The share of spending on food within total household spending has dropped by 0.9 points compared with the previous year and by 7.9 points compared with 2004.

Household expenditure per capita on water, electricity, fuels, furnishing and maintenance of the house has increased by 8.7% on the year, reaching an average of BGN 839 in 2015. In comparison to 2004 this type of expenditure has increases 2.5 times mainly due to rising prices of electricity and fuels.

The statistical data also showed that nearly nine out of 10 Bulgarian households lived in their own dwellingslast year, while another 6.7% were living in dwellings free of rent.

Close to four percent of households lived in rented dwellings, including one percent paying rent to municipal authorities.

About eight percent of households owned a second dwelling last year, the survey showed.

 

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Tags:   Bulgaria, population, household, expenditure, income, housing, electricity, dwellings
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