Private households spent less on their consumption in 2020 than in the previous year due to the Corona pandemic.
The Corona pandemic has had a significant impact on consumer spending by private households in Germany: at an average of €2,507, monthly consumer spending in 2020 was down 3 percent on the previous year, according to the Federal Statistical Office (Destatis) based on current economic accounts. Spending on restaurant and hotel visits declined the most.
Monthly consumer spending was on average 67 euros lower per household in 2020 than in 2019, with the corona-related restrictions having a very different impact on consumer behaviour
. For example, the lockdowns and limits on the number of people led to declines in spending in the leisure and services sectors. On the other hand, the measures from the federal government's economic stimulus package, such as the temporary reduction in value-added tax and the child bonus, had a positive effect on consumer spending.
35 percent less expenditure Expenditure on restaurant and accommodation services
declined the most. Households spent an average of 102 euros per month on these in 2020, 35 percent less than in 2019 (157 euros). The second highest decline in expenditure was in education. Here, spending in 2020 was 15 euros per month, almost 29 percent lower than in the previous year (21 euros). Due to the lockdowns, childcare fees were reimbursed here in many cases. Educational offers such as adult education courses often did not take place at all.
More money for food and tobacco
Private households spent an average of 387 euros per month on food, drink and tobacco
, 9 per cent more than in the previous year (356 euros). Households also spent more on housing, energy and housing maintenance in 2020 than in the previous year. They spent 923 euros per month, an average of 4 percent more than in 2019 (890 euros).