Poland’s private consumption at 75pct of EU average - Eurostat
July 21, 2014
Poland has beat the entire CEE region save for Lithuania and Slovakia in terms of average consumption per capita, the daily Rzeczpospolita writes on the front page of its economy section, citing Eurostat data for last year.
Poles spend nearly 75% of the EU average, the data showed.
Poles still feel the need to catch up with the west in terms of consumption, regardless of the fact that they earn less, economists say. And the structure of household spending still shows a heavy share of food in the basket at 25% as compared to 15% for the richer European countries.
The Polish consumption drive is happening at the cost of savings, whose level remains relatively low compared to western Europe, economists point out. Only every seventh household can afford to save, according to estimates of financial corporations lobby KPF.