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Bulgaria 2nd in EU by Income Slump.

Bulgaria has ranked second in the European Union by the slump of income in 2010, according to Eurostat, the EU's statistical office.

Eurostat has registered a drastic decrease of income in a total of 14 EU Member States.

The collapse is the starkest in Greece with 12% (on the base of average annual household income of EUR 11A 000).

Ireland leads the negative ranking with 9.7%, followed by Bulgaria with 6.6% (on the base of average annual household income of BGN 5A 674), Latvia with 6.1%.

Spain showed a 5.8% decrease, (on the base of average annual household income of EUR 12A 500), Estonia - 4.4%, Portugal a 4.1% (on the base of average annual household income of EUR 8A 500), France a 2% (on the base of average annual household income of EUR 20A 000), and Italy a 1.4% (on the base of average annual household income of EUR 16A 000).

According to national statistics data, in Bulgaria salaries are the main source of income a 55% of it, followed by retirement pensions a 26.4%.

The biggest expenses are for food and utility bills a about half of the monthly income.
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Publication:Sofia News Agency
Geographic Code:4EXBU
Date:May 27, 2013
Words:199
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