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In 2018, households in the European Union (EU) spent almost €2 100 bn (equivalent to 13.0% of EU GDP) on ‘Housing, water, electricity, gas and other fuels’, according to data released today by Eurostat, the statistical service of the EU. This represents 24.0% of their total consumption expenditure and is by far the EU`s largest household expenditure item, ahead of ‘Transport’ (13.2%), ‘Food and non-alcoholic beverages’ (12.1%), ‘Recreation and culture’ (9.1%) as well as ‘Restaurants and hotels’ (8.7%).In Cyprus households have spent …
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