News Local Cypriots spend 6% of household expenditure on recreation and culture; 5th lowest...

Cypriots spend 6% of household expenditure on recreation and culture; 5th lowest in EU

Cypriots spend less on recreation and culture than most other EU member states.

Figures released by Eurostat on Friday show that in the EU in 2017, the share of household expenditure devoted to “recreation and culture” was largest in Denmark (11.5%) and lowest in Greece (4.6%). Cyprus was ranked fifth lowest with 6%.

According to Eurostat, in 2017, households in the EU spent 8.5% of their total consumption expenditure on “recreation and culture”.

This represents a total expenditure of over €710 b, equivalent to 4.6% of EU GDP or €1400 per EU inhabitant.

It said the share of household expenditure devoted to “recreation and culture” was largest in Denmark (11.5%) and Sweden (11.0%) ahead of Finland (10.5%), Slovakia (10.4%), the Netherlands (10.1%) and Austria (10.0%).

At the opposite end of the scale, Greece (4.6%) spent the lowest share of their household expenditure on “recreation and culture”, followed by Romania (5.8%), Ireland and Luxembourg (both 5.9%) as well as Cyprus (6.0%).

Between 2007 and 2017, the share of “recreation and culture” in total household expenditure dropped in most Member States.

In particular, the highest decrease over this 10-year time period was recorded in Finland (from 12.3% of total household expenditure in 2007 to 10.5% in 2017, or a decrease of 1.8 percentage points – pp) and Slovenia (-1.6 pp), ahead of Ireland (-1.3 pp) and Belgium (-1.2 pp).

In contrast, the share of “recreation and culture” in total household expenditure increased between 2007 and 2017 in Slovakia (from 9.0% in 2007 to 10.4% in 2017, or a rise of 1.4 pp) and Lithuania (+1.3 pp), followed by Romania (+1.0 pp), Poland (+0.6 pp) as well as Bulgaria and Latvia (both +0.4 pp), while it remained stable in Austria.

A more complete overview of household final consumption expenditure, broken down by consumption purpose, is available in Eurostat’s interactive infographics.

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