The evolution of the monthy average income of population per households in Q4 2017

The total monthly average income of population per households was, in nominal terms, RON 3,569 and RON 1,362 per person in Q4, 2017, according to the data of the National Institute of Statistics (INS).

In Q4 2017, the total monthly average expenditure of the population was RON 3,061 per household (RON 1,168 per person), accounting for 85.8 percent of the total income.

According to INS, the money income was RON 3230 monthly, on average, per household (RON 1,233 per person) and the in-kind income was RON 339 monthly per household (RON 129 per person).

The salaries and other related income were the most important source of income (61.1 percent of the total household income).

The following also contributed to the formation of the total household income: the income from social benefits (21.6 percent),

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The agricultural income (1.9 percent), the income from independent non-agricultural activities (2.4 percent) and the property and household asset sale income (1.5 percent).

The in-kind incomealso has an important weight (9.5 percent), mainly the equivalent value of the consumption of agro-food products from own resources (8 percent).

The residential area bears upon the differences in level and especially in structure between the household income in the urban area and the household income in the rural area.

The main uses of the household expenditure are the consumption of food goods and non-food goods, payment of services and the transfers towards public and private administration and towards the social insurance budgets as taxes, contributions and dues as well as to cover certain needs related to household production (animals and poultry feed, payment for work on household production, products for sowing, veterinary services etc.).

According to the standard classification of the consumption expenditure by use (COICOP), food and non-alcoholic beverages accounted, on average, for 33.5 percent of household consumption in Q IV 2017.