Alcohol, Analytics, EU – Baltic States, Financial Services, Markets and Companies

International Internet Magazine. Baltic States news & analytics Thursday, 19.07.2018, 07:12

Estonian households' expenditure on alcohol highest in EU

BC, Tallinn, 05.12.2017.Print version
Estonian households spent 5.6% of their total consumption expenditure on alcoholic beverages in 2016, which is the highest such ratio in the European Union, Eurostat said, cites LETA/BNS.

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.






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