site.btaBulgarian’s Household Income Surpasses Expenditure in 2024

According to data from the Household Budget Survey, the annual total income average per capita was BGN 12,857 in 2024, there was an increase of 18.5% compared to 2023, the National Statistical Institute announced Thursday. The total income average per household member had increased 2.6 times during the 2015 - 2024 period.

Bulgarian households spent an average of BGN 11,712 per capita in 2024, or 16.6% more compared to 2023. Household expenditure had increased 2.5 times during the 2015 - 2024 period.

The NSI data indicates that in 2023, the average annual total income per capita in a household was BGN 10,846, an increase of 20.4% compared to 2022, and expenditure was BGN 10,044 on average per capita, or 19.7% more compared to 2022.

Real household income increased by 15.7% in 2024 compared to 2023. The highest value of the index of real income was in 2024 - 178.1% compared to 2015. Real household income is calculated by deflating nominal incomes with the average annual consumer price indices. In the previous year, real income increased by 10% on an annual basis, and the real income index in 2023 compared to 2014 was 158.5%, according to the National Statistical Institute.

In 2024, there were changes in the consumption of basic food products on average per person compared to 2023. The consumption of bread and paste products and of potatoes decreased. The biggest increase was in the consumption of soft drinks, fruit, and meat.