RRI Live!

Listen to Radio Romania International Live

The Romanians and their living standard

The monthly average total revenues in Romania last year were by almost 14% higher than in 2021, while expenses accounted for more than 85% of the money earned.

The Romanians and their living standard
The Romanians and their living standard

, 08.06.2023, 14:00


Life unfolds in a universe of figures, so that studies on the living standards, conducted by various relevant companies, or the centralised data supplied by the National Institute of Statistics for instance, cannot pass unnoticed. These are important indicators as they show the level of revenues and the purchasing power, the living standards and people’s degree of satisfaction as regards the life they live, are relevant for the level of education and health and also for the degree to which people can afford a house, a car or a holiday. Such study, conducted by GfK Purchasing Power Europe, shows for instance that 2022 was a year when neither plane tickets, nor holiday offers were in high demand, as most Romanians, concerned about the economic prospects, said they planned to save more than before (68%) and invest in education (22%).



The study also shows that the average purchasing power was by 51% below the European average, which placed Romania 31st among the 42 countries analysed. According to the most recent data provided by the National Institute for Statistics, although the monthly average total revenues stood at around 1,300 euros per household last year, up by almost 14% as against 2021, the living standards did not improve. This is because of inflation, as expenses exceeded 85% of the revenues.



In urban areas, the monthly total revenue exceeded 1,400 euros, being by 1.3% higher than in rural areas. Most money (over 60%), went to household consumption, while 30% was used to pay taxes and duties. The food products accounted for one third of the households’ expenses. The Romanians spent on alcoholic beverages and cigarettes around 53 euros per month, and only 3.4 euros on education.



Insufficient revenues have serious social consequences and have prompted numerous social categories take to the streets. For almost three weeks, the general strike in education has been making headlines, while the healthcare staff, the employees of penitentiaries as well as railway workers have been asking for higher salaries, through street protests.



Caught between the trade unions’ demands on the one hand and the need to reduce expenditure on the other, given that the collection of revenues to the state budget is lower than estimated, politicians are looking for solutions. These solutions are highly needed, as economic growth is expected to be smaller this year while inflation is still high. (EE)


Roxana Mînzatu (photo: gov.ro)
Today in the News Wednesday, 13 November 2024

 Roxana Mînzatu, heard by MEPs   

European MPs heard Roxana Mînzatu, Romania’s candidate for Vice-President for the People, Skills and Preparedness portfolio.   ʺIt was...

 Roxana Mînzatu, heard by MEPs   
Gen. Gheorghita Vlad Photo: facebook.com/sef.smap
Today in the News Wednesday, 13 November 2024

Peace, no longer a certainty in Europe

    Less than 2 weeks from now, Romania will hold the first round of its presidential election, and the campaign remains low-key, limited...

Peace, no longer a certainty in Europe
EP and local elections in Romania on June 9 (Photo credits: AEP)
Today in the News Tuesday, 12 November 2024

Preparations for the elections abroad

  After the local and European parliamentary elections, held simultaneously on June 9, Romanians are preparing for an election marathon. They will...

Preparations for the elections abroad
Photo: kschneider2991 / pixabay.com
Today in the News Tuesday, 12 November 2024

Growing trade deficit

The trade balance deficit recorded in Romania in the first nine months of the current year increased by 15%, as compared to the same period of 2023,...

Growing trade deficit
Today in the News Monday, 11 November 2024

Central Bank Report on Inflation

The latest report on inflation was approved at the end of last week by the Board of Directors of the National Bank of Romania. According to the...

Central Bank Report on Inflation
Today in the News Friday, 08 November 2024

EPC meeting in Budapest

European leaders met in Budapest to discuss security challenges facing Europe, with an emphasis on the situation in Ukraine, as well as the issues of...

EPC meeting in Budapest
Today in the News Friday, 08 November 2024

Romania, from wages to youth unemployment

Data from the Statistical Office of the European Union – Eurostat show that the adjusted average annual full-time salary of Romanians is the fourth...

Romania, from wages to youth unemployment
Today in the News Thursday, 07 November 2024

Reactions to the election of Donald Trump

Many political leaders around the world have reacted by congratulating the Republican Donald Trump, who announced his victory in the US presidential...

Reactions to the election of Donald Trump

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company