Transportation is one of the leading household expenditure types after healthcare, housing, and food. Household consumption expenditure on Transport in Singapore attained a value of $13 billion in 2021. It recorded a growth of 12.6% in 2021 compared to the previous year. Between 2010-2021, the household consumption expenditure on Transport in Singapore decreased by 2.3%. The indicator in Singapore was highest in the year 2018 and lowest in the year 2020, between 2010 and 2021.
This indicator refers to household consumption expenditure on transport. Transport includes spending on motor vehicles (purchase and operation), motor vehicle parts, accessories, fuel, maintenance, repair, and public transportation (ground, air, and water).
According to GlobalData, the countries with the highest household consumption expenditure on Transport in 2020 were the United States, Germany, France, Italy, Canada, Mexico, Spain, Turkey, Australia, and the Netherlands.
Namibia, Montenegro, Malta, Bosnia and Herzegovina, Mongolia, Iceland, Estonia, Cyprus, Latvia, and Croatia are the countries with the lowest household consumption expenditure on Transport in 2020.
Between 2010 and 2020, Mongolia, Romania, Iceland, Ukraine, Azerbaijan, Lithuania, Poland, the United States, Estonia, and Latvia were some of the countries with the highest growth in household consumption expenditure on Transport. Namibia, Greece, Colombia, Australia, Croatia, Bosnia and Herzegovina, Italy, Spain, Cyprus, and Norway were some of the countries with the lowest growth in household consumption expenditure on Transport.
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