BR Analysis. Average Romanian household earns almost EUR 1,000, spends EUR 837 per month mainly on food and taxes

Sorin Melenciuc 10/01/2019 | 12:41

An average household in Romania earned RON 4,454 (EUR 958) per month in the third quarter of last year, up 30 percent compared with Q3 2017, and spent RON 3,891 (EUR 837) – increasing by 35 percent year-on-year – mainly on consumer products and taxes, according to a report of the National Institute of Statistics (INS).

According to the report, 91.8 percent of total income of a Romanian household are cash, mainly from wages (67 percent) and pensions or other social benefits (18 percent), while 8.2 percent of income are in-kind income.

A Romanian household includes 2.6 persons on average, and a member of a household earned RON 1,713 (EUR 368) per month in Q3 2018, on average.

Each household spent in the third quarter of last year RON 3,891 – or RON 1,497 per person – each month mainly on consumer products (60.5 percent) and taxes and contributions (31.4 percent).

Of the consumer products, Romanians spent their money mainly on food and beverages (31.8 percent of total consumer spending), household expenses like electricity, water or heating (15.1 percent), cigarettes and alcohol (8.2 percent) and clothing and footwear (7.4 percent).

Improved living standards

Official data show that Romania’s households have gradually improved their standard of living during the last couple of years, as their income increased and unemployment declined, but there is still a major difference compared to the Western quality of life.

A recent report released by the National Institute of Statistics (INS) show that, in 2017, 33.7 percent of Romania’s households owned a personal car, 39.1 percent – a bicycle, 48.7 percent – connection to the internet, 52 percent – a computer, 56 percent – a modern refrigerator, 76.2 percent – an automatic washing machine, and 97.8 percent – cooking stoves.

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Sorin Melenciuc | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue