percentage of national consumer expenditure by category - 2002

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