Average Bulgarian Household's Income Up 4% Q2 2011 Y/Y

Average Bulgarian Household's Income Up 4% Q2 2011 Y/Y

The average quarterly total income per household member during the second quarter of 2011 was BGN 940.

This is 3.8% more compared to the same quarter of 2010.

The data was released Wednesday by the Bulgarian National Statistics Institute, NSI.

The main part of this income (82.5%) came from wages, salaries and pensions with wages and salaries continuing to be the main source of household income.

During the second quarter of 2011 they were BGN 494 per capita or by 8.4% more compared to the second quarter of 2010. The relative share of wages and salaries within the total income increased from 50.3% to 52.5% or by 2.2 percentage points more compared to the second quarter of 2010.

The second important source of household income was the income from retirement pensions. Their relative share within the total income decreased by 1.3 percentage point and became 30.0%. During the second quarter of 2011 the income from pensions was BGN 282 per capita.

The income from entrepreneurship increased during the second quarter of 2011 and became BGN 75 per capita. Its share within the total income increased slowly by 1.2 percentage point and reached 8.0%.

The weight of other social income during the second quarter of 2011 was relatively insignificant in the total household income. During the period this income increased by 8.3% and became BGN 32 per capita; its relative share increased by the mere 0.1 percentage point and became 3.3%.

The relative share of monetary income into the total income during the second quarter of 2011 was similar in comparison with the same quarter of 2010 and it was 98.2%.

The total expenditure per household member during the second quarter of 2011 was BGN 870 and it increased by 8.2% in relation to the same quarter of 2010. (Source: Sofia News Agency)

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