Household spending steady in 2023

In 2023, household final consumption expenditure, corrected for inflation, in the EU rose slightly by 0.5%. For comparison, it was 5.7% higher in 2022 than in 2021 when restrictions due to COVID-19 were still in place.

Last year, household consumption expenditure increased the most for restaurants and accommodation services (+4.6%) followed by transport (+4.3%) and recreation, sport and culture (+3.0%). Since 2021, household consumption expenditure for restaurants and accommodation services and for recreation, sport and culture has grown significantly, up 41.3% and 23.5%, respectively.

At the other end of the scale, furnishings, household equipment and routine household maintenance saw the biggest decline in 2023 (-4.9%), ahead of food and non-alcoholic beverages (-3.7%) and alcoholic beverages, tobacco, and narcotics (-2.2%). 

Source dataset: nama_10_cp18

For more information

• Statistics explained on household consumption by purpose
• Thematic section on national accounts
• Database on national accounts

Methodological notes

Please note that the recent benchmark revision of national accounts has been incorporated in the estimates of nearly all countries. The results are based on COICOP 2018.

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