In 1998, people’s expenditure patterns in the European country were distributed as follows: electronic goods accounted for the largest share, representing 16% of their income. Clothing followed closely behind with 12%. Notably, there was a small difference of only 2 percentage points between spending on holidays (8%) and eating out (6%). Additionally, expenses related to buying newspapers/magazines and going to the cinema shared the same figure, each comprising just 3% of people’s income.
By 2008, the proportions in the mix had changed noticeably. The percentage disparity between the two top expenses narrowed down, with proportion of people’s income spent on clothing increasing to 18% and that of electronic goods improving to 20%. The share of money spent on eating out remained unchanged at 6%, making it the third most significant sector, surpassing holiday expenditure, which saw a drop to 5%. Lastly, there was a 2-percentage-point drop in the proportion of money allocated to newspapers/magazines and going to the cinema, both of which comprised the same 1%.
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