In 2022, total private consumer spending per German household was around 2,850 euros. This sum was made up of various types of costs, of which the largest share was taken up by housing, energy, and home maintenance. Other large spending groups included food and transport.
To spend or not to spend
On average, the graph at hand is a representation of the life of German consumers, and the financial decisions which must be made in terms of spending. Individual consumer goods recorded varying levels of consumer expenditure over the years. For example, German consumers spent less on clothing and shoes after 2017. Food spending, on the other hand, increased annually in recent years. While shoppers may not necessarily be buying more food than usual, currently rising food prices are likely a contributing factor. Many are taking a second look at their spending plans and budgets.
Money worries
Living costs are taking the hit among the German population, some of whom have already faced previous financial challenges due to the coronavirus (COVID-19) pandemic. Not only more expensive grocery runs, but also climbing energy prices have the potential to stretch German household spending to a critical point, as monthly inflation figures reach upwards.
FAQs
Monthly consumer spending per household in Germany 2022, by segment. In 2022, total private consumer spending per German household was around 2,850 euros. This sum was made up of various types of costs, of which the largest share was taken up by housing, energy, and home maintenance.
What is the consumer spending in Germany? ›
Germany consumer spending for 2022 was $2,084.30B, a 1.3% decline from 2021. Germany consumer spending for 2021 was $2,111.77B, a 8.21% increase from 2020. Germany consumer spending for 2020 was $1,951.63B, a 3.39% decline from 2019.
What is the consumer spending in Germany in 2024? ›
In 2024, the household disposable income per capita in Germany is forecast to amount to US$40.44k. The total consumer spending in Germany is forecast to amount to US$2.33tn in 2024.
What is the consumer buying behavior in Germany? ›
German Consumer Behavior. German consumer behaviour showcases a strong preference for quality and sustainability, with a notable inclination towards domestically made products. Germans are known for their thorough research and comparison shopping before making a purchase, valuing durability and efficiency.
Is 1000 euros enough for a month in Germany? ›
What is the cost of living in Germany? It would be hard to get by for less than €1,000 a month in Germany, and this rises to around €1,500€ - €2,000€ in the cities where rents are higher. Students can usually cover living costs for around €850 a month.
How much do you spend per month in Germany? ›
As the bare minimum, a single person needs at least €992 per month (around $1,085 US dollars) or €11,904 per year to cover living expenses in Germany as of 2024. If you're a family of four, you can expect to spend an average of €3,203 per month (around $3,479 US dollars), excluding rent.
What is the average grocery bill in Germany? ›
The average expenditure on food for a single person in Germany is €200-€300 per month. Of course, your personal needs and preferences also play a role here. If you only buy food from brand-name supermarkets or organic food stores, you will pay more – or will have cheaper cost, if you also buy from discounters.
What do Germans spend most of their money on? ›
Distribution of private household consumer spending in Germany 1970-2023, by segment. In 2023, approximately 15 percent of German household consumer spending was for food, beverages and tobacco products. The highest spending share was made up by housing, water, electricity, gas and other fuel.
Which country has the highest consumer spending? ›
What is the consumer outlook in Germany? ›
Consumer Confidence in Germany decreased to -22 points in September from -18.60 points in August of 2024. Consumer Confidence in Germany is expected to be -17.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
Germany Core Consumer Price Index is at a current level of 115.60, up from 115.20 last month and up from 112.30 one year ago. This is a change of 0.35% from last month and 2.94% from one year ago.
What is the consumption rate in Germany? ›
Germany Private Consumption accounted for 48.4 % of its Nominal GDP in Mar 2024, compared with a ratio of 49.5 % in the previous quarter.
What do German people buy the most? ›
#1 Clothing
As the data shows, 50% of German buyers most frequently purchase clothes. Moreover, the prediction is that the fashion e-commerce market in this country will reach $28,982.1 million at some point in 2024, which may make up 24.2% of Germany's total e-commerce market.
What do German consumers want? ›
German consumers are known for their practical and rational approach to purchasing decisions. They value quality and durability and are willing to pay a premium for products that meet these criteria, especially for products visible to the public.
What are fast moving consumer goods in Germany? ›
The top three best-selling fast moving consumer goods (FMCG) in Germany were pasta products, organic fruit and vegetables, and salty snacks. Respondents consistently ranked pasta as the most bought during the timeline shown.
How much does a family spend on living in Germany? ›
In general, the average monthly expenses in Germany is approx. 1,698 EUR for an individual or 3,561 EUR for a family of four. However, the above rates can vary based on the city you choose to live in Germany and the lifestyle you prefer to live in.
Is it cheaper to live in Germany than the US? ›
Cost of living in Germany vs the USA
If you're a US citizen moving to Germany, you'll be pleased to know that the cost of living in Germany is about 21% cheaper than in the USA. This is because the costs of food, rent, utilities and education are significantly lower in Germany than in the USA.
What is the average wealth of a German household? ›
The median wealth of a household in eastern Germany stood at €43,400 in 2021, compared to €127,900 in western Germany. However, median wealth in eastern Germany has risen relatively more strongly than in western Germany than was the case in the previous survey, according to the Monthly Report.
What is the average income of a German household? ›
The average monthly gross income of households in Germany amounted to 4,979 euros in 2021, according to results of the continuous household budget surveys.
