percentage of national consumer expenditure by category - 2002

​​The given
data
represents the
amount
spent by consumers in Ireland, Italy, Spain, Sweden and Turkey in three categories in the year 2002. As is presented in the table
data
,
People
of those countries spent more on foods and tobaccos than they did on dresses,
education
, and entertainment. According to the given
data
, Turk
people
spent the highest percentage on foods and tobacco amounting to one-
third
of their total expenses on consumer products. Irish
people
spent more than 28% on
this
category while
people
of Italy, Spain, and Sweden spent just over 15% on food and tobacco. For clothing and footwear, the
people
of these five countries spent around 5% to 9% of which Italian spent the highest percentage (9%). Interestingly the expenditure on leisure activities and
education
was much less than the
amount
spent on food, tobacco, and dresses. The highest
amount
spent on
education
and entertainment was done by Turkish
people
(4.35%) and the least
amount
spent
by
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was in Spain (1.98%). No nation among the given five spent more than 5% in
education
and leisure activities according to the given
data
.
Submitted by Pinkdng on

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Topic Vocabulary:
  • Consumer expenditure
  • Economic health
  • Housing
  • Nutrition
  • Healthcare
  • Education
  • Leisure
  • Transportation
  • Spending patterns
  • Disposable income
  • Demographics
  • Budget allocation
  • Financial literacy
  • Subsidies
  • Tax rates
  • Recession
  • E-commerce
  • Sustainability
  • Budgeting
  • Cost of living
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