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 biggest decline in 2023 (-4.9%), ahead of food and non-alcoholic beverages (-3.7%) and alcoholic beverages, tobacco, and narcotics (-2.2%).
Source dataset: nama_10_cp18
