Share of food expenditure in Romania compared to other EU countries and the estimates of its evolution until year 2035
2017
Băneş, Adrian (Romanian Academy, Timisoara (Romania)) | Orboi, Manuela-Dora (Banat’s University of Agricultural Sciences and Veterinary Medicine | King Michael the Ist, Timisoara (Romania)) | Goşa, Vasilea (Romanian Academy, Timisoara (Romania))
Food consumption is an element that directly reflect the living conditions of the population, so the proportion spent on food consumption of the total expenses of a person can be an indicator of standard of living in that country. The present work performed a comparative study between food spending as a share in Romania and several EU countries. Also, it is performed an estimate of future development thereof, until the year 2035. Using Pearson correlation between total income as the independent variable and the share of food products expenditures from total consumption expenditure (%) as the dependent variable, results an inverse correlation between the two variables, rising incomes decrease the share of food expenditure. France in 1960 had values close of Bulgaria in 2015, decreasing at present day to 20.4% and Germany in 1950 was situated close to the value of today's Romania (44%), in 2015 decreasing to 13.6%. Considering the current trend of revenue growth, we estimate a decrease in the share of expenses for food around 39% by the year 2035. This decrease is not enough, so we made several scenarios for revenue growth, the 7- 8% bringing with them a decrease in the share spent on food to values of 30-33%.
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