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

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.

Related
Spanish prime minister's wife to stand trial on corruption charges denied to leave the country

Spanish prime minister's wife to stand trial on corruption charges denied to leave the country

Mighty storm in Germany, lightning strikes the sports field, some injured

Mighty storm in Germany, lightning strikes the sports field, some injured

Global Scandal: Unpaid bonds and contract-free trainers nationally known in trouble

Global Scandal: Unpaid bonds and contract-free trainers nationally known in trouble

Mourinho personally intervened to block the departure of Real Star

Mourinho personally intervened to block the departure of Real Star

Vance: Kouchner and Witkoff are in Switzerland for negotiations with Iran

Vance: Kouchner and Witkoff are in Switzerland for negotiations with Iran

Hasan, on the president's case: Kurt wants a robot, a brainless thing

Hasan, on the president's case: Kurt wants a robot, a brainless thing

Terras, political parties: Remove Kosovo from crisis, find common denominator

Terras, political parties: Remove Kosovo from crisis, find common denominator

New York dressed Red and Black, hundreds of associations expected to gather together for Albanian Parade

New York dressed Red and Black, hundreds of associations expected to gather together for Albanian Parade

Accident on Barleve-Prrugovc Street, truck ends off road, view

Accident on Barleve-Prrugovc Street, truck ends off road, view

“Trump presents new presidential plane

“Trump presents new presidential plane

VVA's reactions following call for gas protests, Hoti: Why are you afraid of citizens?

VVA's reactions following call for gas protests, Hoti: Why are you afraid of citizens?

Vance says there is no evidence that Iran has closed the Strait of Hormuz

Vance says there is no evidence that Iran has closed the Strait of Hormuz

About 50 pounds [18 kg] of marijuana confiscated, two arrested in Kacanik

About 50 pounds [18 kg] of marijuana confiscated, two arrested in Kacanik