In 2023, household final consumption expenditure, corrected for inflation, in the EU rose slightly by 0.5%. For comparison, it was 5.7% higher in 2022 than in 2021 when restrictions due to COVID-19 were still in place. Last year, household consumption expenditure increased the most for restaurants and accommodation services (+4.6%) followed by transport (+4.3%) and recreation, sport and culture (+3.0%). Since 2021, household consumption expenditure for restaurants and accommodation services and for recreation, sport and culture has grown significantly, up 41.3% and 23.5%, respectively. At the other end of the scale, furnishings, household equipment and routine household maintenance saw the…
Author: Eurostat
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Eurostat has released the 2024 edition of the interactive publication Housing in Europe, offering statistical insights into housing trends and challenges across Europe. The publication consolidates data on various aspects of housing, including types, ownership, size, quality and environmental impact, while also exploring housing costs and developments in the construction sector. Did you know that in 2023, 52% of the EU population lived in houses, while 48% resided in flats? Or that just 3% of land across Europe is used for residential purposes? Were you aware that 17% of people lived in overcrowded homes, and that house prices increased by…
Eurostat invites you to follow the launch of a new dataset – Macroeconomic Globalisation Indicators. The dataset, created in collaboration with the European Commission’s Joint Research Centre, will shed light on EU’s participation and exposure within global value chains. The new data will provide a deeper understanding of EU’s global economic interactions and supply chains. They will also help to assess how the need for strategic autonomy aligns with the opportunities in the European single market. The new indicators are based on the Full International and Global Accounts for Research in input-Output analysis (FIGARO), the EU’s inter-country supply, use, and…
Anyone watching the news has come across articles and stories about inflation and prices going up and down. Eurostat news often cover price variations of many household staples in the EU, such as olive oil, pasta, meat, coffee and other breakfast foods. We also did a deep dive into inflation and how it is calculated in one of our Stats in a Wrap podcast episodes in 2022. Because these themes affect our daily lives, we will hold a webinar focused on consumer prices and inflation on 27 November, from 10.00 to 11.00 CET. The webinar will provide general insights into…
In 2022, the EU produced €31 674 billion worth of goods and services, while imports from outside the EU (excluding intra-EU trade) were valued at €3 106 billion. Nearly half (48.7%) of these goods and services were used for intermediate consumption, meaning they were used to make other products. Another considerable share, 31.2%, was used for final consumption, typically by households or the government sector. Approximately a tenth of the supply (10.6%) was used for gross capital formation, mostly for investment, and the remaining 9.5% of the total supply for the EU was related to exports of products (valued at…
In 2023, the average annual full-time adjusted salary for employees in the EU was €37 900, reflecting a 6.5% increase from €35 600 in 2022. Source dataset: nama_10_fte Among the EU countries, the highest average annual full-time adjusted salary was recorded in Luxembourg (€81 100), followed by Denmark (€67 600) and Ireland (€58 700). In contrast, the lowest average annual full time adjusted salaries were recorded in Bulgaria (€13 500), Hungary (€16 900) and Greece (€17 000). Source link
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), stood at 40.0% in the EU in 2023, a decrease compared with 2022 (40.7%). In the euro area, the tax-to-GDP ratio also decreased from 41.4% in 2022 to 40.6% in 2023. In absolute terms, in 2023, revenue from taxes and social contributions increased by €308 billion in the EU compared with 2022, to stand at €6 883 billion. This information comes from data on taxation published by Eurostat today. This article presents some findings from the more detailed Statistics…
The general government financial accounts published by Eurostat cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. Governments hold currency and deposit assets (stocks) such as money in bank accounts and cash reserves to make daily payments. In the second quarter of 2024, EU general governments’ currency and deposit assets amounted to €1 214 billion and represented 18% of EU general government total financial assets. This information comes from data on quarterly government finance published by Eurostat today. The article presents a handful of findings from the more detailed Statistics Explained article…
Since 2020, fuel and lubricant prices for personal transport in the EU have shown significant volatility. Annual inflation rates were negative in May 2020 (-19.5%) but started to increase steeply in 2021, reaching +33.4% in November that year. The peak arrived in June 2022 (+39.2%) and after that, it started to slow down, turning negative in 2023. These variations reflected the impact of the COVID-19 pandemic and the Russian invasion of Ukraine. In June 2023, the inflation rate for fuel and lubricants was at a low of -15.7%, but volatility has become less pronounced in recent months with smaller monthly…
In the second quarter of 2024, house prices in the EU increased by 1.9% and rents by 0.7% compared with the first quarter of 2024. Compared with the second quarter of 2023, house prices went up by 2.9%, while rents increased by 3.0%. This information comes from data on house prices and rents published by Eurostat today. This article presents findings from the more detailed Statistics Explained article on housing price statistics. House prices and rents in the EU followed a similar pattern between 2010 and the second quarter of 2011 but have since evolved differently. While rents have increased…