Romanians spend most of their money on current expenses

Newsroom 05/01/2010 | 14:59

A survey conducted by the National Institute of Statistics for the third quarter of 2009 showed that Romanians use most of their revenues for current expenses such as food and taxes and have no money left to make investments.

The monthly average revenue in Romania amounted to EUR 536 (RON 2268) per household and EUR 184 (RON 781) per person in Q3, 2009. During this period, the total average revenue per household in the urban areas was 41.3 percent higher than in rural households.

In the urban areas, most of the revenues- 64.4 percent- came from salaries. In the rural areas, the main source of income was agriculture, which ensured 31.8 percent in the total of the revenues.

The total expenses of the population in the third quarter of last year amounted to EUR 471 (RON 1994) a month per household. Per person this meant EUR 162 (RON 687) per person. Expenses represented 87.9 percent from the level of total revenues.

The main destinations of the expenses made by households refer to food and non- food products, services and taxes, contributions. Investments such as the purchase or construction of a house, land, equipment or shares have a very small weight in the total expenses of a household.

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