bne IntelliNews – Albanians shifted spending from culture to vitamins and take out in 2020
The latest household budget survey from the National Statistics Office of Albania Instat shows that the pandemic has caused major changes in spending habits in 2020.
The average monthly consumption expenditure of an Albanian household increased by 1.5% in 2020 to ALL83,475 (â¬ 675), with an average household of 3.6 people. The increase in consumption was slightly lower than the 1.6% increase in consumer prices in 2020.
The biggest change in spending from 2019 was the 28.0% year-over-year increase in health spending, with a particularly large increase in spending on vitamins as the Albanians tried to improve their health to keep up with the coronavirus (COVID-19) remotely. .
In contrast, there was a 26.4% year-over-year decline in spending on recreation and culture. Virtually all leisure and cultural activities were put on hold during the initial spring 2020 lockdown.
However, there was a 17.1% growth in spending in the restaurant and hotel category, which according to Instat was due to an increase in spending both for overnight stays in tourist accommodation in Albania and for fast food, take out and food delivery.
Transport spending has also increased, especially for the rental of garages and parking spaces, and taxi services, indicating that Albanians have sought alternatives to public transport during the pandemic.
Food and non-alcoholic beverages accounted for the largest share of the average monthly expenditure of Albanians with 34,713 ALL, or 41.6% of the overall household budget. Distributed by type of food, 23.7% of food expenditure was spent on meat and meat products, 16.8% on vegetables, 13.8% on dairy products and 9.6% on fruits.
Housing accounted for a relatively small share of household expenditure at 8,357 ALL, or 10.0% of the total. Furnishings, household equipment and routine home maintenance added an additional 5,794 ALL, with the largest share of spending going to cleaning and maintenance products.
Average monthly consumption was highest in Tirana prefecture with 98,737 ALL, followed by Korce and Fier, and lowest in KukÃ«s and DibÃ«r prefectures with 70,252 ALL and 71,135 ALL respectively.