Vast Majority Of Maltese Can Afford To Buy A Car

27th November 2018

On the other hand, more than 1 in 5 people could not afford a car in Romania, Bulgaria, and Hungary.

Malta and Cyprus are the two EU countries where most people can afford a car, according to Eurostat.

In a survey carried out by the European statistics agency, it turns out that the lowest percentage of people unable to afford a car were in Cyprus and Malta, where just 1.7 per cent of total population cannot afford their own private vehicle.

Malta and Cyprus were followed by Luxembourg (2.2 per cent), Italy and France (both 2.7 per cent).

On the other end of the spectrum, more than 1 in 5 people could not afford a car in Romania (29.8 per cent), Bulgaria (20.6 per cent) and Hungary (20.1 per cent).

In 2017, 7 per cent of the EU population could not afford a car. The share of people unable to afford a car decreased by 0.7 percentage points (pp) in 2017 (7 per cent) compared with 2016 (7.7 per cent).

Similarly, this decreasing trend was observed in all EU Member States with the exception of Austria (+0.4pp), Denmark (+0.3 pp), Luxembourg (+0.2pp), France (+0.1pp), and the Netherlands where it remained stable at 6.4 per cent.

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