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Dynamics of consumption of foodstuffs in households of Ukraine and Czech republic

Author

Listed:
  • Daria Loiko

    (Borys Grinchenko Kyiv University)

Abstract

The article deals with the dynamics of consumption of food products in households in Ukraine and the Czech Republic for the period of 2013-2017. The conclusion is made of an increase in aggregate household resources in Ukraine for the period 2010-2017 by 82.64% and, accordingly, the growth of expenses for the same period by 86, 88%. The excess of the dynamics of growth of average monthly expenditure over average monthly incomes per household of Ukraine was 4.24%. The lion`s share of consumer spending of households in Ukraine in 2017 amounted to 93.0% of total expenditures. Gross cash income per person per year in the Czech Republic for the period 2013-2017 grew by 19.67%. Total consumption expenditures for that period increased by 8.35%. The excess of the dynamics of income growth per person per year over the growth of expenditure in households in the Czech Republic amounted to 11.32%. Consumer expenditure in Czech families amounted to 63.36% in 2017. Households in Ukraine spent in 2017 on the expenditure item "food and soft drinks" 51.2% of the family budget. Czech families spend on food products 31.3% less than Ukrainian families. According to the results of the study, the following conclusions were made: - the level of consumption of food in households in the Czech Republic for the period 2013-2017 increased, in particular: meat - by 7.35%, fruit - 6.77%, vegetables - 6.39%, milk and dairy products - 5.29% , sugar - 4.49%, bakery products - 1.01%; - the level of food consumption in households in Ukraine for 2013-2017 decreased by 27.78%, including oil - 11.76%, fruits - 9.76%, vegetables - 6.38%, potatoes - 5.63%, sugar - 6.67%, bread - 6, 67%, meat - 3.92%. In the comparative characteristic, consumption of household food products in the Czech Republic consumed in 2017 was more than households in Ukraine: fruits at 84.68%, meat - 36.56%, eggs - 5.83%, flour products - 12.59% and less: 72.22% oil, fish - 65.38%, vegetables - 16.48%, potatoes - 14.80%. The conclusion is that the standard of living of households in the Czech Republic is higher than the standard of living of Ukrainian households

Suggested Citation

  • Daria Loiko, 2018. "Dynamics of consumption of foodstuffs in households of Ukraine and Czech republic," European scientific journal of Economic and Financial innovation, "European Association of Economists", vol. 1, pages 67-82, November.
  • Handle: RePEc:efn:journl:v:1:y:2018:p:77-82
    DOI: 10.32750/2018-0109
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    More about this item

    Keywords

    Ukraine; Czechia; households; resources; expenses; consumption; food; comparative analysis; standard of living;
    All these keywords.

    JEL classification:

    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving

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