The average expenditure of Spanish families grew by 8.3% in 2021, the highest rise in history, according to the INE

Each household in Spain spent on average 29,244 euros in 2021, which represented an increase of 8.3% compared to the previous year. The National Institute of Statistics highlights that it is the largest increase in spending since the series began.

In constant terms, that is, removing the price effectthe average expenditure per household grew 5%. For his part, the average expenditure per person was 11,780 euroswith an increase of 8.6% compared to 2020.

Due to the pandemic, households changed their consumption habits in 2020, which caused a decrease in spending, which partially recovered in 2021, although the average spending was almost 1,000 euros lower than 2019. In constant terms, spending grew 5.3%. The total cost of all households residing in Spain increased 8.4% in current terms, 5.2%, discounting inflation.

Spending on restaurants and hotels grows

The average spending grew by 30.6% year-on-year in restaurants and hotels, due to the increase in spending on both restaurants and accommodation services. Households spent 2,288 euros on these concepts, 536 euros more than in 2020.

The money destined for pharmaceutical products and medical services, propelled 20.3% health spending which was 1,204 euros on average, 203 euros more than the previous year.

spending on transportation increased by 17.8 %, from the purchase of vehicles, to the use of personal vehicles or transportation services. Households spent 489 euros more than in 2020, which placed the average expenditure on transport at 3,230 euros.

Leisure and culture groups (14.9%), and dress and footwear (14.6%) advanced at a similar pace. The average expenditure per household was 1,294 and €1,156respectively.

In contrast, the average expenditure per household fell on alcoholic beverages and tobacco, by 2.9%. The family budget dedicated to the communications, 0.3% year-on-year, with an average of 937 euros per household.

A third goes to the house

Three large groups account for most of household spending. The housing, water, electricity, gas and other fuels account for a third of the family budget (33.8%), followed by food and non-alcoholic beverages, which represented 16.4%, and transportation, with 11%.

Within the food chapter, the consumption of meat is 3.7% of total spendingfollowed by bread and cereals (2.2%), fish and shellfish (2%) and milk, cheese and eggs (1.9%).

The groups that present largest spending declines between 2019 and 2021 were restaurants and hotelswhose spending was 22.3% lower, leisure and culture, 21.8% lower, clothing and footwear, with a variation of –18.4%, and transport, whose rate between these two years was –16, 9%.

For its part, food and non-alcoholic beverages, health and housing They were the only groups whose spending increased compared to the year before the pandemic.

The homes of a couple with children were the ones who had the highest expenditure with 36,568 euros on average in 2021. By contrast, households that registered less spending were those formed by a single person aged 65 or over (with an average of 18,964 euros) and the rest of the sole proprietorships (19,460 euros).

The greatest increase in spending was recorded in couples without childrenwith a rate of 9.6% (2,588 euros more year-on-year) and the lowest in single-person households under 65 years of age, with 4.5% (843 euros more).

Related Posts

George Holan

George Holan is chief editor at Plainsmen Post and has articles published in many notable publications in the last decade.

Leave a Reply

Your email address will not be published. Required fields are marked *