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Food in Albania, the poorest country in Europe, costs the same as in the EU

2022-06-22 15:43:51Biznes SHKRUAR NGA REDAKSIA VOX
Food in Albania, the poorest country in Europe, costs the same as in the EU
Food in Albania, the poorest country in Europe, costs the same as in the EU

Although Albania is the poorest country in Europe, with GDP per capita being 32% of the European average, according to Eurostat, citizens have to pay dearly for the purchase of food and beverages and other products, such as communication and the purchase of electronic devices of home use.

In Albania, prices as a whole are as much as 61% of the European average. This is the highest percentage of countries in the region after Montenegro (69%), but the latter had incomes as much as 47% of the European average, from 32% that Albania has this indicator.

The cheapest prices are in Turkey (40% of the European average), Northern Macedonia (51.5), Bosnia and Herzegovina (55.8), Serbia (59.9).

When it comes to food, for which Albanian households have the highest share of expenditures in their budget (about 42%, from 13% which is the average of the European Union), prices are almost the same as in Europe and the most expensive in region.

The Eurostat Food Index is 83% of the European average, more expensive than in Montenegro (78.3). Food in the region is the cheapest in Northern Macedonia, at 61.4% of the European average.

Food prices in Albania are more expensive than in Hungary, Poland, Romania, Bulgaria.

Expensive in Albania are clothes and shoes, with about 96% of the EU average.

Cheaper are restaurants (46% of the EU average).

The most expensive is communication (108% of the EU average).

The most expensive of all is the purchase of household appliances (120%) and electronic ones (110%)

Personal transport equipment is the most expensive in the region (86% of the EU average).


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