The line chart illustrates economical growth through a 15-year period from 2005 to 2020, as well as the the pie charts gives the details of household expenditure among six different areas at the same time period. While analyzing together, economical changes does not had significant impact on how individuals spent their money on the given categories.
In terms of economical growth, the first chart shows that during the first 10 years the changes were almost steady. However, the growth was positive and peaked at 2015 reaching to it’s highest percentage at virtually 4 per cent. From 2015 onwards, it declined substantially, falling to -5 per cent at around 2019, then it started to rise moderately. Despite the significant recession over the last 5 year of the mentioned time period, each domestic unit spending on the five sectors (food, housing, clothing, entertainment, travel, and other areas) was almost stable with minor changes.
Average household expenditure on essential needs such as food, housing, and other necessities comprised the most significant part of the costs during this time period. Furthermore, spending on clothing, entertainment, and travel composed around 25 per cent of the costs aggregately.