{"id":19919,"date":"2022-01-18T07:30:07","date_gmt":"2022-01-18T07:30:07","guid":{"rendered":"https:\/\/www.imalbania.com\/kosova\/albania-the-only-european-country-in-2020-where-the-economy-is-shrinking-but-household-spending-is-rising\/"},"modified":"2022-01-18T07:30:07","modified_gmt":"2022-01-18T07:30:07","slug":"albania-the-only-european-country-in-2020-where-the-economy-is-shrinking-but-household-spending-is-rising","status":"publish","type":"post","link":"https:\/\/www.imalbania.com\/kosova\/albania-the-only-european-country-in-2020-where-the-economy-is-shrinking-but-household-spending-is-rising\/","title":{"rendered":"Albania, the only European country in 2020, where the economy is shrinking, but household spending is rising"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"firstP\">\n<p>In 2020 the worldwide economy declined due to the negative impact given by the spread of the pandemic in its first year.<\/p>\n<\/div>\n<p>According to INSTAT data, the Albanian economy marked a decline of 4 percent, but paradoxically with the European data, instead of reducing the expenses of Albanian families, because the economy fell, they instead increased.<\/p>\n<p>In 2020, Europe&#8217;s economy shrank by 6.4 percent, but meanwhile the average household spending shrank by an average of 8%, according to Eurostat data.<\/p>\n<p>In Europe, household expenditures followed the same trajectory as economic developments, while in Albania the economy declined, but household expenditures for the pandemic year increased by 1.5% according to INSTAT reports.  Compared to Eurostat data, Albania is the only European that although the economy declined, household expenditures increased.<\/p>\n<p>Eurostat reported that in 2020, household consumption expenditures in the EU decreased by 8%, unprecedented compared to 2019. In fact, all EU member states marked a decline in household consumption expenditures.<\/p>\n<p>This is the largest annual reduction recorded since the beginning of the Eurostat time series and it occurred due to the effects of the COVID-19 pandemic.  Social distancing measures, government-imposed restrictions on the movement of people, and non-core economic activities severely affected household consumption expenditures.<\/p>\n<p>Compared to 2019, household spending in 2020 suffered the largest decline in Malta (around -22%), followed by Croatia, Spain and Greece (around -16%).<\/p>\n<p>On the other hand, the smallest decreases were recorded in Slovakia and Denmark (both about -2%), followed by Lithuania and Poland (both about -3%), while Albania had an increase of 1.5%.<\/p>\n<p>According to INSTAT data in Albania, the average monthly consumption expenditure for a household, consisting of an average of 3.6 persons, was 83,475 ALL.  The estimate of average monthly consumption expenditures of households in 2020 is 1.5% higher than in 2019. In Albania, according to INSTAT, consumption expenditures led the group &#8220;Health&#8221; with 28.0%.  INSTAT reported that the increase in spending for this group came from the high increase in spending on vitamins during the pandemic !.<\/p>\n<p>Expenditures made in the group &#8220;Restaurants and hotels&#8221; have increased by 17.1%, compared to 2019, an increase which has come as a result of increased expenditures for subgroups: &#8220;stays and services per night in hotels, hotel complexes , tourist villages, camping within the country \u201das well as expenses for\u201c fast food including taxi services of food providers \u201d.<\/p>\n<p>Expenditures made in the group &#8220;Transport&#8221; have marked an increase of 5.7%, compared to last year, an increase which has come mainly as a result of increased expenditures of subgroups: &#8220;costs for renting garages \/ parking spaces as and &#8220;taxi services&#8221; .\/ Monitor \/<\/p>\n<p class=\"last\">\n<strong><\/p>\n<p>top channel<br \/>\n<\/strong>\n<\/p>\n<\/div>\n<p><script>\n\t\tvar ajaxurl = \"https:\/\/top-channel.tv\/wp-admin\/admin-ajax.php\";<\/p>\n<p>\t\t\/\/Google Analytics\n\t\twindow.dataLayer = window.dataLayer || [];\n\t\tfunction gtag(){dataLayer.push(arguments);}\n\t\tgtag('js', new Date());<\/p>\n<p>\t\tgtag('config', 'UA-7855069-1');<\/p>\n<p>\t\t\/\/Facebook\n\t\twindow.fbAsyncInit = function() {\n\t\t\tFB.init({\n\t\t\t\tappId      : '1715618661991455',\n\t\t\t\txfbml      : true,\n\t\t\t\tversion    : 'v2.10'\n\t\t\t});\n\t\t\tFB.AppEvents.logPageView();\n\t\t};<\/p>\n<p>\t\t(function(d, s, id){\n\t\t\tvar js, fjs = d.getElementsByTagName(s)[0];\n\t\t\tif (d.getElementById(id)) {return;}\n\t\t\tjs = d.createElement(s); js.id = id;\n\t\t\tjs.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t\t\tfjs.parentNode.insertBefore(js, fjs);\n\t\t}(document, 'script', 'facebook-jssdk'));\n\t   <\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/top-channel.tv\/2022\/01\/18\/shqiperia-i-vetmi-vend-europian-me-2020-ku-ekonomia-peson-renie-por-shpenzimet-e-familjeve-rriten\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] In 2020 the worldwide economy declined due to the negative impact given by the spread of the pandemic in its first year. According to INSTAT data, the Albanian economy marked a decline of 4 percent, but paradoxically with the European data, instead of reducing the expenses of Albanian families, because the economy fell, they [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[359],"tags":[376,1449,238,1749,7634,1561,11506,6035],"class_list":["post-19919","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-attualita","tag-albania","tag-country","tag-economy","tag-european","tag-household","tag-rising","tag-shrinking","tag-spending"],"_links":{"self":[{"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/posts\/19919","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/comments?post=19919"}],"version-history":[{"count":0,"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/posts\/19919\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/media\/19920"}],"wp:attachment":[{"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/media?parent=19919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/categories?post=19919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imalbania.com\/kosova\/wp-json\/wp\/v2\/tags?post=19919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}