The line graph shows the share of household expenses allocated to different consumer goods and services from 1995 to 2020.
Overall, two out of four categories showed an upward trend, while household spending on food and entertainment revealed an inverse trajectory. Also, housing became the main source of household expenditure, whereas food, despite being the pressing concern initially, emerged as the consumer good requiring a smaller share of spending.
In 1995, food accounted for the largest share of household expenses, at 30%, a figure that then plummeted to 24% in 2005 before reaching its low point of 15% in 2020. The figure for housing, by contrast, followed an opposite trend, rising from 25% in 1995 to a chart high of 40% in 2020, highlighting the steepest increase.
The proportion of household spending on entertainment, meanwhile, stood at 15% in 1995. It then edged up to around 17% in 2000 before recording a downward trend, falling to approximately 11% over the next two decades. Households, at the same time, allocated the least share of expenditure, with 7% in 1995, after which it rose gradually to 12% in 2005. This figure, by 2020, had risen notably to 20%.
