Here's how many years an Albanian must work to buy a car

An average Albanian has a salary of 347 euros per month, while according to the World Bank saves an average of 27% of revenues. That means, an average Albanian saves 1128 euros in one year. How many years it would take for an Albanian to buy a new car, in case it would [...]
An average Albanian has a salary of 347 euros per month, while according to the World Bank saves an average of 27% of revenues.
That means, an average Albanian saves 1128 euros in one year.
How many years would it take an Albanian to buy a new car, in case he invested all his savings?
By “calculations SCAN” The answer is 24.8 years.
In the European Union, the average price for a new car, according to the latest available data, is estimated at 27987 euros. So an average Albanian would need the savings of a quarter century to buy a new car, of average value, so not a luxury car.
However, because in cars, luxury is subjective, with the official record of new car prices in the European Union, we are doing it with different brands.
Buying a Fiat car would take 9 years less, or 15.7 years of savings. For a Dacia-type car, it would drop to 11.5 years for a Renault 18.8 years, while on the other side it would take the savings of 41 years to buy an average BMW car and 36 years for a Mercedes Benz car.
So, they said otherwise, an Albanian who starts saving at the age of 18, at best, would be able to buy a new car when he turns 43, in case he stays waiting for savings.
Estimates are made by not taking into account alternative sources of income, such as remittances, heritage, etc.












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