Albanians Spend most of Their Money on Food and Clothing

TIRANA, December 23

Albanians spend 50percent their incomes on food compared to European citizens, who spend only 12.3% percent of their incomes on food. But when it comes to clothing and footwear they spend almost the same as Europeans.
According to the trend observed in poor countries, people spend more on food and give up vacations, traveling, entertainments and other pleasures.
As it was mentioned above Albanians differ a lot from the average European lifestyle, but they are strong competitors when it comes to clothing and fashion.
According to Monitor magazine, most of the EU countries spend about 23.8% of incomes on household, water supply and electric power expenses, 13.1% on transportation, 12.3% on food, 9% on culture and recreation, 8.2% for eating out and 5.1% on clothing and footwear.

On the other hand, Albanians spend about three percent of their budget on culture and recreation, 3.6 for eating out, although Albania’s restaurants rank among the cheapest in Europe and 4.9% on clothing. Albanians don’t hesitate to spend on the latest collections and fashion trends.

News Source: Monitor