According to the 2023 Household Budget Survey, housing and rent claimed the largest share of household expenditures at 23.9%, followed closely by transportation at 21.9%. Food and non-alcoholic beverages came in third at 20.6%.
Conversely, spending on insurance and financial services, education, and recreation/sports/culture was minimal, accounting for only 0.8%, 1.0%, and 1.9% respectively.
TÜİK's data goes beyond national averages, highlighting how spending patterns differ based on income source. Wage-earning households allocate slightly more towards transportation (22.8%) compared to housing (22.2%), while those with entrepreneurial income prioritize transport even more (27.3%) with housing following at 19.7%. Food spending remains similar across both income groups (around 19%).
The survey also explores the impact of income levels on spending. Low-income households (first quintile) dedicate a significantly higher portion of their budget to food (36.6%) compared to wealthier households (fifth quintile) at 14.5%. The trend reverses for transportation spending, with high-income households allocating nearly triple the amount (28.3%) compared to low-income families (8.8%).
Household size plays a role as well. One-person households spend a larger share on housing (31.8%) compared to larger families (7 or more members) who dedicate more towards food (30.2%).
TÜİK's data provides valuable insights into spending habits across various demographics in Türkiye. The information can be used by policymakers, businesses, and individuals to make informed decisions. (ILKHA)