Non-food sales in Romania grew by 14% in 2024, reaching a record high, while actual individual consumption surpassed that of Poland and the Czech Republic, hitting 89% of the European Union average, according to Colliers’ annual report.
Over the past 15 years, per capita spending in Romania has grown significantly, rising from one-sixth of Germany’s level to just 20% below that of Europe’s largest economy. This trend reflects a steady improvement in purchasing power.
Even more, Romania has outpaced all major economies in the region – and even some Western European countries, such as Spain – in terms of per capita spending on clothing and footwear. This growth confirms a rise in consumption, fueled by higher incomes and an increasingly competitive retail market.
Although this expansion has negatively impacted the balance of payments, it is now more sustainable than in the past decade. Unlike previous years, consumption growth is no longer predominantly fueled by consumer credit, signaling a more balanced economy and stronger purchasing power.
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Articolul Romania’s individual consumption surpassed that of Poland and the Czech Republic a fost publicat prima dată în Money Buzz! • Știri Economice, Știri Financiare, Știri Business