BULGARIAN ECONOMY

Household income and expenditure during the third quarter of 2020


The total income average per household member during the third quarter of 2020 is 1 754 BGN and increases by 2.2% compared to the same quarter of 2019. The highest relative share of income within the total income is this from wages and salaries (55.2%). The relative share of income from pensions is 29.6% and from self-employment - 6.5%. Compare to the third quarter of 2019 the relative share of income from pensions increases by 2.4 percentage points (pp), income from wages and salaries decreases by 1.3 pp and income from self-employment and other earnings decrease by 0.2 pp.

The  nominal  income  by  source  average  per  capita  during  the third  quarter  of 2020 compared  to  the third quarter of 2019 changes as follows:

  • Income from wages and salaries remains unchanged - 969 BGN;
  • Self-employment income decreases from 115 to 114 BGN (by 0.7%);
  • Income from pensions increases from 467 BGN to 519 BGN (by 11.1%);
  • Income from social benefits decreases from 51 BGN to 50 BGN (by 1.6%).

The relative share of monetary income into the total income during the third quarter of 2020 is 99.0% and the share of income in kind is 1.0%.

The total expenditure average per household member during the third quarter of 2020 is 1 570 BGN and decreases by 0.8% in comparison to the same quarter of 2019. The greatest share in forming the total expenditure has expenditure on food and non-alcoholic beverages - 30.1%  as  well  as  expenditure  on  housing - 17.8%,  taxes  and  social  insurance  contributions - 13.6%  and transport  and  communication - 11.3%. The relative share of food  and  non-alcoholic  beverages remains unchanged compared to the third quarter of 2019, share of housing increases by 1.7 pp. The relative share of recreation, culture and education decreases by 2.4 pp and share of alcoholic beverages and tobacco by 0.2pp.

 

Source: National Statistical Institute

 

 

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