Analysis of household consumption in the EU

The goal of this work is to analyze the evolution of household consumption of the states in the EU. The consumption will be researched in the view of classification COICOP, which is the classification of individual consumption by purpose. After mapping of this evolution the estimation of future values will be done from known time series. This estimation will be performed by two different ways. First one will respect the composition of household consumption in sections of classification COICOP. The second one will only work with time series of average consumption for all sections together. To compare the states cluster analysis will be done. This analysis will be done by two ways again. First one will be aimed to analyze the current situation and the second one will be aimed to analyze the evolution of household consumption. Instead of Microsoft Excel STATGRAPHICS X64 CENTURION and SPSS will be used in this thesis. Household consumption prognosis is the main benefit of this thesis. This prognosis is made for all sections of COICOP. Analysis has shown, that the consumption should rise in future. There are few exceptions, mainly countries with not good economic situation as Greece