Statistics Iceland has now released a new issue of Statistical Series, containing results from the continuous household expenditure survey (HES) 2002-2004, calculated at 2004 prices. The results are broken down by type of household, residence, quartiles of disposable income and quartiles of expenditure. New results are published every year, with results from one year dropped from the data set and results from a new year added.
The number of households participating in the survey was 1,888 and the response rate was close to 53%.
The average household expenditure increased by 9.3% from 2001–2003 but the the average household size continues to decrease, it contains 2.58 individuals compared with 2.62 for year 2001–2003, so the expenditure per individual has increased, by 10.6%.
The average household earns approximately 340 thousand kronur per month and the consumption expenditures amounts to 94% of the income.
Household expenditure survey 2002–2004 - Statistical Series