RV-FS#11, Series of 1999
The latest results of the Family Income and Expenditure Survey (FIES) conducted by the National Statistics Office (NSO) showed that around 50.3 percent of the total expenditures of the average family in Bicol is spent on food alone. In 1994, food consumption ate up 52.5 percent of a family's total expenditures. The FIES was conducted in 1997 and is being conducted every three years. Among the provinces, expenditure on food was highest in Camarines Sur, at 53.2 percent and was lowest at Camarines Norte at 45.2 percent.
Next to food, rent/rental value of dwelling units ate up a significant slice of a typical family's budget, comprising 8.7 percent. In Albay especially, rent/rental value was even 1.5 percentage points higher than the regional average, at 10.2 percent, while Masbate was 1.2 percentage points lower.
Expense on non-durable furnishings, recreation and alcoholic beverages were generally minimal. The third biggest expenditure was on fuel, light and water. Camarines Norte spent more on these goods than the other provinces, while Masbate paid the least at 4.7 percent.
Taxes paid and tobacco consumption tie at 1.4 percent each. Percentage of expenditure on recreation was lowest in Masbate but highest in Camarines Norte. Masbate however, had the highest percentage of expenditures on alcoholic beverages among the provinces. Percentage of expenditure on tobacco was also highest in this province and in Camarines Norte but lowest in Albay.
While expenses on food went down by 2.2 percentage points, expenses on the following items went up: transportation and communication, clothing/footwear/other wears, education, durable furniture and equipment, rent/rental value of dwelling unit, taxes paid and other expenses. Expenses on alcoholic beverages, personal care and effects and non-durable furnishings however, remained the same in 1994 and 1997. Expenditure in the rest of the other items went down in 1997.
Source of basic data: National Statistics Office, Region V