The figures from INS show what Romanians spend their money on and what is the average income of a Romanian household. Significant amounts go to the state every month, as the data show.
The average total monthly income of the population per household was 5,077 lei in the second quarter of this year, according to INS data, and the total expenditures reached, on average, 4,163 lei per month / household. This means that Romanians fail to put a lot of money aside.
Expenditures represent 82% of the total income level, according to the data of the National Institute of Statistics (INS).
On what Romanians give their money, according to INS
At the level of each household in Romania, the average total monthly income was 1,973 lei per person, and the average total expenditure amounted to 1,618 lei / person. The cash incomes were, on average, of 4,693 lei per month per household (1,823 lei per person), and the incomes in kind of 384 lei per month per household (149 lei per person). Wages and other income associated with them formed the most important source of income (67.8% of total household income).
Income from social benefits (19%), income from agriculture (1.9%), income from independent non-agricultural activities (1.8%), property and the sale of assets also contributed to the formation of total household income. from the patrimony of the household (1.1%) as well as the incomes in kind (7.6%), mainly, the equivalent value of the consumption of agri-food products from own resources (6.6%).
The INS states that the residence environment influences the differences in level and, especially, in the structure between household incomes between urban and rural areas.
According to statistics, the main destinations of household expenditures are the consumption of food, non-food goods, services and transfers to public and private administration and social security budgets, in the form of taxes, contributions, contributions, and coverage of needs related to household production. (animal and poultry feed, payment for household production, sowing products, veterinary services, etc.).
What are the savings going for?
On the other hand, investment expenditures, intended for the purchase or construction of housing, the purchase of land and equipment necessary for household production, the purchase of shares, etc. they have a small share in the total expenditures of households (only 0.7%).
The INS mentions that the environment of residence determines some particularities regarding the size and structure of the total consumption expenditures. According to the standard classification by destination of consumption expenditures (COICOP), food and non-alcoholic beverages represented, in the second quarter of 2020, on average, 37.7% of household consumption.
Total income includes all cash receipts from various sources for which there is no obligation to return and income in kind (valued in lei). The total expenses include the total money expenses, regardless of the destination and the equivalent value of the consumption from the own resources of the households.