People in Malta spent nearly twice as much on education as they did 10 years ago, according to a study published by the National Statistics Office (NSO).
Education experienced the highest expenditure increase between 2008 and 2015, with households spending 82.4 per cent more on this category in the latter year.
The average annual expenditure on education stood at €624 in 2015. A trend can be seen in the average annual expenditure on this category with regard to the level of education of the reference person. The higher the level of education attained, the higher the expenditure.
Households whose reference person had completed a tertiary level of education spent approximately €1,452 per year on education, while at the other end of the scale, households whose reference person reported to have no schooling spent an average of €56 yearly.
The Malta Household Budgetary Survey (2015), carried out between April 2015 and March 2016, is the second of its kind in Malta since the adoption of the euro in 2008.
The total annual household expenditure of Maltese private households in 2015 was estimated at €3.7 billion, amounting to an annual average of €22,3461 per household, which is 14.2 per cent higher than that estimated in HBS 2008.