Hungary’s Household Spending On Food & Non-Alcoholic Beverages Above EU Average

  • 29 Dec 2020 9:36 AM
  • Budapest Business Journal
Hungary’s Household Spending On Food & Non-Alcoholic Beverages Above EU Average
In 2019, households in Hungary spent 17.3% of their total consumption expenditure on food and non-alcoholic beverages, according to data released by statistical agency Eurostat.

In the EU as a whole, household spending on food and non-alcoholic beverages reached EUR 956 billion in 2019, accounting for 13% of total consumption expenditure.

This made food and non-alcoholic beverages the third-largest category of household expenditure after housing, water, electricity, gas and other fuels, which accounted for 23.5% of household expenditure, and transport (13.1%).

The share of expenditure on food and non-alcoholic beverages was higher than 20% in Romania (26%), and Lithuania (20.2%). The third highest share was registered in Estonia (19.3%).

In contrast, the share was less than 10% in three member states: Ireland (8.6%), Luxembourg (8.9%), and Austria (9.7%).
 

Food expenditure in Hungary up between 2009 and 2019

Between 2009 and 2019, the share of total household expenditure on food fell or remained stable in most member states. However, there were seven EU members which registered an increase over the period. 

The largest increase was recorded in the Czech Republic (from 14.2% in 2009 to 15.5% in 2019, +1.3 pp), followed by Slovakia (+1.1 pp), Hungary (+0.5 pp), and the Netherlands (+0.4 pp).

The largest decrease was recorded in Lithuania (from 25.4% in 2009 to 20.2% in 2019, -5.2 pp), followed by Malta (-3.5 pp) and Poland (-3 pp).

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.