Our incomes are growing despite the pandemic

15.04.2021

OUR INCOMES ARE GROWING DESPITE THE PANDEMIC

In 2020, the average income per household member increases by more than 6%, while expenditures remain almost unchanged compared to 2019, according to data from the National Statistical Institute.

The total income per household member last year was BGN 7002, increasing by 6.2% compared to 2019, and for the last decade (2011-2020) the total income increased 1.9 times.

Real household incomes increased by 4.4% in 2020 compared to 2019, with the highest real income index in 2020 compared to 2011 - 165.9%.

Wage income increased compared to a year earlier by 5.3% to BGN 3,927 (a double increase compared to 2011), pension income increased compared to 2019 by 12% to BGN 2018 (an increase of 77% compared to 2011). 2011), income from self-employment increased by 3.1% to BGN 434 (by 50.7% compared to 2011), and income from other social transfers, unemployment benefits, family allowances for children and other social benefits and compensations) - by 5.2% to BGN 204.

In 2020, the largest share in the total income has the salary (56.1% compared to 56.6% in 2019), while the income from all social transfers forms 31.8% of the total income, as from the received social transfers with the highest share are the incomes from pensions - 28.8%.

Last year, Bulgarian households spent an average of BGN 6,220 per person, which is almost unchanged compared to 2019 and represents an increase of 1.8 times compared to 2011.

The funds spent on food and non-alcoholic beverages in 2020 are BGN 1872, or 2.1% more than in 2019, on clothing and footwear - BGN 188 (a decrease of 6.9% compared to a year earlier), while housing costs are BGN 1,121 (an increase of 5.1%).

Healthcare expenditures in 2020 increased by 0.5% to BGN 388, while BGN 700 were spent on transport and communications (a decrease of 4.1% compared to 2019).

The costs for leisure, cultural recreation and education marked a sharp drop from 22.4% to BGN 250, probably as a result of the coronavirus pandemic.

Expenditures for taxes and social security amount to BGN 860 and increase by 4.09% compared to 2019.