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Ekonomia

Kosovo in a festive atmosphere, here is the amount that the citizens have spent

Kosovo in a festive atmosphere, here is the amount that the citizens have spent

The expenses of families in Kosovo for the 2022 year-end holidays is around 29.5 million euros. Compared to last year, the number of families celebrating this year's holidays has increased by 4 percent, from 64% in 2021 to 68% in 2022.

During the end-of-year holidays, many expenses are added, which are mainly consumption expenses.

According to the findings of the UBO Consulting Research Institute, for this year the expenses for the end of the year holidays in Kosovo are around 29.5 million euros.

UBO's findings say that compared to last year, the number of Kosovar families who celebrate these holidays has increased, as well as those who cannot celebrate due to economic reasons.

"Compared to last year, the number of Kosovar families that celebrate this year's holidays has increased by 4 percentage points, from 64% in 2021 to 68% in 2022. The number of Kosovar families that do not celebrate these holidays for economic reasons has increased from 14% in 2021 to 20% in 2022".

Despite high inflation, average spending does not differ much from the previous year according to this research.

"On average, Kosovar families have stated that they are spending 146 euros for the holidays in 2022, compared to 156 euros in 2021, and 139 euros in 2020. This means that in general, Kosovar families are spending an average of 0.2 million euros less than at the end of 2021, and about 3.1 million euros less at the end of this year than at the end of 2020," the research shows.

Meanwhile, the biggest expenses go to food, but due to inflation, purchases have been postponed "until the last minute".

"Despite the fact that inflation has not affected much the total amount that families spend for the end of the year holidays, it has reflected in the way they are spending. As a result, families have declared that they are spending more on food (71%) and less on gifts, other activities related to musical evenings or decorations compared to previous years".

According to the survey, the average expenses of Kosovar families do not differ much from the previous year's expenses, despite the high inflation. On average, Kosovar families have stated that they are spending 146 euros for the 2022 year-end holidays, compared to 156 euros in 2021, and 139 euros in 2020./monitor

 

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