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Average Bulgarian Household's Income Up 4% Q2 2011 Y/Y
AVERAGE BULGARIAN HOUSEHOLD'S INCOME UP 4% Q2 2011 Y/Y
Date: 31/08/2011
Source: novinite.com
Average Bulgarian Household's Income Up 4% Q2 2011 Y/Y

The average quarterly total income per household member during the second quarter of 2011 was BGN 940.

This is 3.8% more compared to the same quarter of 2010.

The data was released Wednesday by the Bulgarian National Statistics Institute, NSI.

The main part of this income (82.5%) came from wages, salaries and pensions with wages and salaries continuing to be the main source of household income.

During the second quarter of 2011 they were BGN 494 per capita or by 8.4% more compared to the second quarter of 2010. The relative share of wages and salaries within the total income increased from 50.3% to 52.5% or by 2.2 percentage points more compared to the second quarter of 2010.

The second important source of household income was the income from retirement pensions. Their relative share within the total income decreased by 1.3 percentage point and became 30.0%. During the second quarter of 2011 the income from pensions was BGN 282 per capita.

The income from entrepreneurship increased during the second quarter of 2011 and became BGN 75 per capita. Its share within the total income increased slowly by 1.2 percentage point and reached 8.0%.

The weight of other social income during the second quarter of 2011 was relatively insignificant in the total household income. During the period this income increased by 8.3% and became BGN 32 per capita; its relative share increased by the mere 0.1 percentage point and became 3.3%.

The relative share of monetary income into the total income during the second quarter of 2011 was similar in comparison with the same quarter of 2010 and it was 98.2%.

The total expenditure per household member during the second quarter of 2011 was BGN 870 and it increased by 8.2% in relation to the same quarter of 2010.

Expenditures on food and housing (energy, fuel and water) had the greatest share in forming the total expenditure and constituted 49.5% of total expenditure.

The most significant part in the household budget was expenditures on food and non-alcoholic beverages. As absolute values they were BGN 316 on average per household member during the second quarter of the year and increased by 1.9% in comparison with the same quarter last year.

Their relative share decreased by 2.2 percentage points and was 36.4% from total expenditures.

The expenditures on water, electricity, heating and furnishing for the compared quarters decreased from BGN137 to BGN 135 per capita; the relative share also decreased - by 1.5 percentage points and was 15.6% from the total expenditures.

The expenditures on health increased by 11.5% during the second quarter of 2011 in comparison with the second quarter of 2010 and reached BGN 51 per capita, which represents 5.8% from the total expenditures. It increased imperceptibly by 0.1 percentage point in comparison with the second quarter of 2010.

The expenditures on transport and communication increased by 6.0% to BGN 97 per capita during the second quarter of 2011; their relative share decreased from 11.4% to 11.1%.

The expenditures on alcoholic beverages and tobacco increased by 2.2% and were BGN 39 per capita during the second quarter of 2011. Their relative share of the total expenditures was 4.5% or 0.2 percentage point less compared to the second quarter of 2010.

The expenditures on clothing and footwear increased by 18.5% and were BGN 27 per capita during the second quarter of 2011. Compared to the second quarter of 2010 the relative share of these expenditures increased by 0.3 percentage points and reached 3.1% of the total expenditures in the same quarter of 2011.

The average consumption of main food staples per household member didn't change during the second quarter of 2011 compared to the second quarter of 2010.


Topic: Economy



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