Home / BUSINESS / NEWS / Eurostat: Bulgaria, Cyprus and Romania, the highest percentage of GDP allocated for ‘housing and community amenities’
eurostat growth

Eurostat: Bulgaria, Cyprus and Romania, the highest percentage of GDP allocated for ‘housing and community amenities’

In 2015, almost EUR 86 billion of general government expenditure was spent by EU Member States on housing and community amenities. This figure is equivalent to 0.6% of the EU’s GDP.

In addition, Member States spent nearly EUR 81 billion on social protection expenditure related to housing (equivalent to 0.5% of the EU’s GDP), a Eurostat release informs.

This news item marks World Habitat Day on Monday, which has the theme “Housing policies: Affordable Homes”.

In 2015, the ratio of government expenditure on ‘housing and community amenities’ to GDP varied by one to ten across the EU Member States. Overall, six of 28 Member States recorded a ratio of 1% or more.

In relative terms, Bulgaria (2.1%), Cyprus (1.8%) and Romania (1.5%) spent the highest proportion of GDP on ‘housing and community amenities’. They were followed by France and Hungary (both 1.1%) as well as Latvia (1.0%).

At the lower end were Denmark and Greece (both 0.2%), Belgium, Lithuania and the Netherlands (all 0.3%), followed by Germany, Estonia, Malta, Austria and Finland (all 0.4%).

For general government expenditure devoted to social protection related to housing, the picture is quite different, with the United Kingdom (1.3% of GDP), France (0.9%), Ireland (0.8%) and Denmark (0.7%) having the highest ratios to GDP.

In contrast, this ratio was marginal (less than 0.1% of GDP) in Bulgaria, Estonia, Greece, Spain, Croatia, Italy, Cyprus, Luxembourg, Portugal, Romania, Slovenia and Slovakia, the release concludes.

About Valeriu Lazar