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Spanish Household Spending Climbs 4.4% in 2024 as Basque Country Expenditure Dips

Regional data shows the Basque Country bucking the national trend with a slight spending decrease

Archivo - Un cliente realizando la compra en un súper
Edificio de viviendas en València
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Overview

  • The average Spanish household spent €34,044 in 2024, up 4.4% from 2023, dedicating 32.4% of its budget to housing, utilities and fuel.
  • Per capita outlays were highest in the Basque Country at €15,504, but regional household spending slipped to €36,313—€18 less than the prior year.
  • Households with children recorded the largest budgets at €43,163 annually, while single seniors remained the lowest spenders with €22,081.
  • Basque families cut food spending by 1.4% and reduced outlays on alcohol, tobacco and education by 9.6% and 7.9% respectively.
  • Consumer confidence in the Basque Country fell to –6 in the second quarter, with nearly half of households foreseeing a worsened economic outlook.