Household energy costs as a share of gross disposable income in the European Union are forecast to reach 23 percent in 2023. This represents a nearly three-fold increase compared to 2021 and comes in the wake of supply disruptions following the Russia-Ukraine war. Energy prices have already increased significantly throughout 2022, with higher power and gas demand in the winter months likely to impact prices further.
Household energy costs as a share of gross disposable income in the European Union from 2020 to 2021, with a forecast to 2023
Characteristic
Share of gross disposable income
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Goldman Sachs. (September 4, 2022). Household energy costs as a share of gross disposable income in the European Union from 2020 to 2021, with a forecast to 2023 [Graph]. In Statista. Retrieved July 17, 2024, from https://www.statista.com/statistics/1333600/eu-household-energy-bill-share-of-income/
Goldman Sachs. "Household energy costs as a share of gross disposable income in the European Union from 2020 to 2021, with a forecast to 2023." Chart. September 4, 2022. Statista. Accessed July 17, 2024. https://www.statista.com/statistics/1333600/eu-household-energy-bill-share-of-income/
Goldman Sachs. (2022). Household energy costs as a share of gross disposable income in the European Union from 2020 to 2021, with a forecast to 2023. Statista. Statista Inc.. Accessed: July 17, 2024. https://www.statista.com/statistics/1333600/eu-household-energy-bill-share-of-income/
Goldman Sachs. "Household Energy Costs as a Share of Gross Disposable Income in The European Union from 2020 to 2021, with a Forecast to 2023." Statista, Statista Inc., 4 Sep 2022, https://www.statista.com/statistics/1333600/eu-household-energy-bill-share-of-income/
Goldman Sachs, Household energy costs as a share of gross disposable income in the European Union from 2020 to 2021, with a forecast to 2023 Statista, https://www.statista.com/statistics/1333600/eu-household-energy-bill-share-of-income/ (last visited July 17, 2024)
Household energy costs as a share of gross disposable income in the European Union from 2020 to 2021, with a forecast to 2023 [Graph], Goldman Sachs, September 4, 2022. [Online]. Available: https://www.statista.com/statistics/1333600/eu-household-energy-bill-share-of-income/