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Disposable household and per capita income

From Wikipedia, the free encyclopedia

Household incomeis a measure of income received by thehouseholdsector. It includes every form of cash income, e.g.,salariesandwages,retirement income,investmentincome and cash transfers from the government. It may include near-cash government transfers likefood stamps,and it may be adjusted to include social transfers in-kind, such as the value of publicly provided health care and education.

Household income can be measured on various bases, such as per household,per capita,per earner, or on anequivalisedbasis. Because the number of people or earners per household can vary significantly between regions and over time, the choice of measurement basis can impact household income rankings and trends.

Whentaxesand mandatory contributions are subtracted from household income, the result is callednetordisposablehousehold income. A region'smeanormediannet household income can be used as an indicator of the purchasing power or material well-being of its residents. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. Median income is the amount that divides theincome distributioninto two equal groups, half having income above that amount, and half having income below that amount.

Disposable income per capita (OECD)

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Current

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The list below represents a national accounts-derived indicator for a country or territory's gross household disposable income per capita (including social transfers in kind). According to theOECD,'household disposable income is income available to households such as wages and salaries, income from self-employment and unincorporated enterprises, income from pensions and other social benefits, and income from financial investments (less any payments of tax, social insurance contributions and interest on financial liabilities). 'Gross' means that depreciation costs are not subtracted.'[1]This indicator also takes account of social transfers in kind 'such as health or education provided for free or at reduced prices by governments and not-for-profit organisations.'[1]The data shown below is published by the OECD and is presented inpurchasing power parity(PPP) in order to adjust for price differences between countries.

Household disposable income per capita (including social transfers in kind)
Location 2022* (USDPPP)[1]
United States 62,300 (2021)
Luxembourg 59,700
Switzerland 52,000
Germany 51,600
Austria 50,200
Netherlands 48,800
Norway 47,700 (2021)
Belgium 47,400
Australia 46,800 (2021)
France 46,400
Sweden 43,900
Finland 43,600
Canada 43,600
Denmark 42,800
European Union 41,500
United Kingdom 40,800
Italy 40,400
Ireland 38,300
Slovenia 36,600
Lithuania 36,300
Czechia 35,600
Spain 34,500
Portugal 34,500
Japan 33,900 (2021)
South Korea 32,700
Poland 32,200
New Zealand 31,900 (2019)
Hungary 29,800
Slovakia 29,500
Estonia 29,200
Latvia 28,600
Greece 28,000
Chile 23,100 (2021)
Russia 20,600 (2019)
Mexico 20,500
Costa Rica 17,900 (2021)

*Figures have been rounded to the nearest hundred; if data is unavailable for 2022, figures for 2021, 2020 or 2019 are shown.

Historical

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Households andNPISHsnet adjusted disposable income per capita[2] US dollars per person, PPP converted, 2021 Y/y increaseY/y decrease;P— provisional data
Country 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Δ
Australia 31,443 31,731 32,885 34,159 35,909 35,619 37,073 37,673 37,206 37,657 38,181 38,217 38,571 38,830 39,314 40,525 42,022 42,940 — 11,497
Austria 39,569 40,808 41,743 42,595 42,989 42,871 42,478 42,196 42,593 41,751 41,771 41,336 41,874 42,252 42,577 42,837 41,473 42,781 43,452 3,883
Belgium 36,928 37,066 37,661 38,276 38,827 38,906 38,334 37,957 38,043 38,001 38,084 38,164 38,573 39,067 39,327 40,129 40,110 41,289 40,770P 3,842
Canada 30,210P 30,482P 31,772P 32,548P 33,431P 33,732P 34,497P 34,699P 35,082P 35,476P 35,520P 36,292P 35,879P 36,739P 36,909P 37,277P 39,204P 39,582P 39,065P 8,855
Costa Rica — — — — — — — — 14,088 14,274 14,554 15,038 15,953 16,957 17,236 17,405 — — — 3,317
Czech Republic 22,870 23,641 24,525 25,090 25,360 25,772 25,907 25,648 25,430 25,399 26,003 26,761 27,487 28,646 29,695 30,663 30,766 32,045 31,163 8,293
Denmark 31,761 32,347 33,020 32,818 32,747 33,452 34,424 34,584 34,428 34,680 35,018 36,025 36,930 37,354 37,814 38,392 37,939 38,368 38,353 6,592
Estonia 13,968 15,438 17,434 18,788 20,093 18,567 17,883 18,511 18,525 19,526 20,388 21,605 22,496 23,288 24,595 25,494 25,885 27,036 25,673 11,705
Finland 32,147 32,512 33,057 33,981 34,602 34,718 35,396 35,495 35,317 35,163 34,861 35,139 35,698 35,966 36,567 37,295 37,366 37,939 37,250 5,103
France 35,569 35,736 36,381 37,213 37,203 37,685 38,164 38,109 37,952 37,534 37,862 38,083 38,583 39,052 39,313 39,923 39,218 40,583P 40,781P 5,212
Germany 36,965 37,285 37,745 37,893 38,311 38,322 38,738 39,372 39,637 39,653 40,156 40,776 41,716 42,241 43,014 43,338P 43,858P 44,059P 43,758P 6,793
Greece 27,353 27,429 28,822 29,655 29,824 29,933 27,367 24,120 21,394 20,349 20,782 21,266 21,387 21,315 21,604 22,947 22,288P 23,871P 24,399P -2,954
Hungary 18,799 19,664 20,044 19,169 18,839 18,182 18,081 18,752 18,235 18,600 19,160 19,871 20,681 21,873 23,422 24,458 24,127 25,587 26,527P 7,728
Ireland 26,413 27,777 28,184 29,005 29,937 29,541 28,685 27,332 27,424 26,856 26,819 27,731 28,615 29,751 30,255 31,265 33,129 33,621 33,386 6,973
Italy 36,257 36,279 36,456 36,693 35,895 35,062 34,423 34,082 32,289 32,034 32,192 32,560 32,980 33,352 33,711 33,810 33,223 34,416 34,081 -2,176
Japan 27,415 27,906 28,295 28,617 28,334 28,541 28,957 29,099 29,515 29,711 29,337 29,698 30,163 30,420 30,660 31,124 32,366 31,768 31,709 4,294
Korea 18,421 18,809 19,417 20,229 20,513 20,742 21,505 21,821 22,246 23,043 23,714 24,936 25,263 25,650 26,404 27,165 27,926 28,478 — 10,057
Latvia 13,201 14,727 16,718 18,189 18,912 16,783 16,304 15,775 16,568 17,172 17,953 19,172 20,183 21,136 22,207 22,657 23,159 24,397 23,781 10,580
Lithuania 17,880 19,166 21,225 21,841 23,644 21,459 21,774 22,350 22,918 23,872 24,322 25,410 27,191 27,756 28,934 30,933 32,863 33,685 32,137 14,257
Luxembourg 45,560 44,604 45,225 45,782 46,053 47,178 47,212 47,029 47,336 48,436 48,446 47,816 47,333 48,372 49,007 50,017 52,107 52,101 51,946 6,386
Mexico 14,914P 14,912 15,740 15,624 15,483 15,281 15,409 16,356 16,449 16,672 16,879 17,725 17,692 17,555 17,509 17,808 16,454 17,490P 17,164P 2,250
Netherlands 34,697 34,645 36,004 36,688 37,155 37,731 37,685 37,777 37,468 37,010 37,388 37,746 38,286 38,454 39,175 39,940 40,393 41,497P 41,860P 7,163
New Zealand 25,173 25,686 26,484 27,851 27,202 27,794 28,124 28,934 29,139 29,509 29,378 30,078 30,881 31,632 32,635 33,599 35,372 — — 10,199
Norway 35,254 37,570 35,519 36,897 37,520 38,578 39,125 39,938 40,907 41,711 42,120 43,442 42,833 43,256 43,289 43,737 43,407 44,835 43,623 8,369
Poland 16,227 16,419 17,237 18,017 18,787 19,694 20,525 20,568 20,792 21,014 22,149 22,808 24,067 24,918 25,932 27,198 28,336 28,274 28,588 12,361
Portugal 25,893 26,030 25,847 26,098 26,347 27,023 26,867 25,772 24,867 24,629 24,476 25,226 25,895 26,232 26,883 27,881 27,164 28,124 28,176P 2,283
Slovakia 15,873 16,436 17,187 18,819 20,032 20,310 20,746 20,203 20,080 19,982 20,381 21,436 22,062 22,701 24,142 24,797 24,811 25,429 25,299 9,426
Slovenia 23,160 24,141 24,690 25,536 26,209 25,832 25,684 25,736 24,686 24,119 24,357 24,901 25,997 26,759 27,830 28,671 29,751 30,995 30,997 7,837
Spain 29,655 30,208 30,420 30,518 30,739 30,833 30,325 29,790 27,802 27,548 27,567 28,674 29,356 29,783 30,112 30,987 30,435 31,203P 30,308P 653
Sweden 30,420 31,044 32,177 33,335 33,948 34,234 34,835 35,538 36,351 36,642 36,960 37,592 38,553 38,540 38,632 38,821 38,166 39,404 39,048 8,628
Switzerland 38,387 39,165 40,203 41,371 41,445 41,696 42,089 42,196 42,828 43,491 43,694 43,926 44,109 43,533 43,499 44,059 45,284 45,189P 45,784P 7,397
United Kingdom 31,908 32,407 32,733 33,564 33,179 33,491 33,572 32,674 33,222 33,634 34,172 35,785 35,774 35,889 36,291 36,876 35,712 37,326 36,564 4,656
United States 44,407 44,402 45,434 45,954 46,360 46,242 46,665 47,208 48,066 47,089 48,200 49,605 50,220 51,283 52,678 54,040 57,374 59,037 55,532 11,125

Median equivalised disposable income

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Further information:Median income
Annual median equivalised disposable income per person, by OECD country.[3]

The median equivalised disposable income is themedianof thedisposable incomewhich isequivalisedby dividing income by the square root of household size; the square root is used to acknowledge that people sharingaccommodationbenefit from pooling at least some of their living costs.[4][5]The median equivalised disposable income for individual countries corrected forpurchasing power parity(PPP) for 2021 inUnited States dollarsis shown in below table.[3]

Median equivalised disposable income
Location 2021 (USDPPP)
Luxembourg 49,748
United States 48,625
Norway 41,621
Switzerland 39,698
Canada 39,388
Austria 37,715
Belgium 37,110
Iceland 36,853
Australia 36,835
Netherlands 35,891
Germany 35,537
Denmark 34,061
Sweden 33,472
New Zealand 32,158
South Korea 31,882
Ireland 31,392
Finland 30,727
France 30,622
Slovenia 28,698
Italy 27,949
United Kingdom 26,884
Spain 26,630
Estonia 26,075
Poland 24,264
Czech Republic 23,802
Israel 21,366
Japan 21,282
Lithuania 20,856
Latvia 19,908
Croatia 19,680
Portugal 19,147
Greece 16,774
Slovak Republic 16,410
Hungary 15,361
Romania 15,898
Bulgaria 14,990
Turkey 10,341
Chile 10,101
Costa Rica 8,915
Mexico 6,090
South Africa 6,068

See also

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References

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  1. ^abc"Household accounts - Household disposable income - OECD Data".theOECD.
  2. ^"Current well-being".OECD Data Explorer.Retrieved2024-03-01.
  3. ^abOECD (20 June 2024).Society at a Glance 2024: OECD Social Indicators, Figure 4.1 Median income varies by a factor eight across OECD countries.OECD.
  4. ^"Income Distribution Database".
  5. ^"OECD Data Explorer, Income distribution database, Median, Disposable Income".
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