Alcohol, Analytics, EU – Baltic States, Financial Services, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 16:30
Estonian households' expenditure on alcohol highest in EU
The average ratio for all EU member states was 1.6%.
Households' expenditure on alcoholic beverages in Estonia, 620.1
million euros, equaled 2.9% of gross domestic product (GDP) last year. Compared
with 2015, expenditure on alcoholic beverages grew by eight million euros
but its share of total household expenditure declined by 0.1 percentage points.
Next after Estonia came Latvia, where expenditure on alcohol made up 4.8%
of total consumption expenditure, and Lithuania, with 4.2%. In these two
countries 734.2 million and one billion euros was spent on alcohol last year,
accounting for respectively 2.9% and 2.7% of GDP.
Across the EU, households spent 1.6 of their total consumption
expenditure on alcoholic beverages in 2016. This represents a total
expenditure of almost 130 billion euros, equivalent to 0.9% of EU GDP or over
250 euros per EU inhabitant. This leaves aside alcoholic beverages paid for in
restaurants and hotels.
EU households' annual expenditure on alcoholic beverages is roughly
equivalent to their expenditure on medical products, appliances and equipment,
and slightly higher than what they spent on social protection or education in
2016.