Disposable household and per capita income

Short description: OECD nations

Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.

Average household incomes need not map directly to measures of an individual's earnings such as per capita income as numbers of people sharing households and numbers of income earners per household can vary significantly between regions and over time.

Average household income can be used as an indicator for the monetary well-being of a country's citizens. Mean or median net household income, after taxes and mandatory contributions, are taken as indicators of standard of living, because they include only disposable income and acknowledge people sharing accommodation benefit from pooling at least some of their living costs.

Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group.

## Contents

* 1 Disposable income per capita (OECD)
* 1.1 Mean
* 2 Median equivalised disposable income
* 3 Median household net income (Eurostat)
* 4 See also
* 5 References
* 6 External links

## Disposable income per capita (OECD)

### Mean

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 the OECD, '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 in purchasing power parity (PPP) in order to adjust for price differences between countries.

Household disposable income per capita  (including social transfers in kind)  | Rank  | Country/Territory  | 2022* (PPP)[1]

|
|

1 |  United States | 62,300 (2021)
2 |  Luxembourg | 59,700
3 |  Switzerland | 52,000
4 |  Germany | 51.600
5 |  Austria | 50,200
6 |  Netherlands | 48,800
7 |  Norway | 47,700 (2021)
8 |  Belgium | 47,400
9 |  Australia | 46,800 (2021)
10 |  France | 46,400
11 |  Sweden | 43,900
12 |  Finland | 43,600
13 |  Canada | 43,600
14 |  Denmark | 42,800
|  European Union | 41,500
15 |  United Kingdom | 40,800
16 |  Italy | 40,400
17 |  Ireland | 38,300
18 |  Slovenia | 36,600
19 |  Lithuania | 36,300
20 |  Czechia | 35,600
21 |  Spain | 34,500
22 |  Portugal | 34,500
23 |  Japan | 33,900 (2021)
24 |  South Korea | 32,700
25 |  Poland | 32,200
26 |  New Zealand | 31,900 (2019)
27 |  Hungary | 29,800
28 |  Slovakia | 29,500
29 |  Estonia | 29,200
30 |  Latvia | 28,600
31 |  Greece | 28,000
32 |  Chile | 23,100 (2021)
33 |  Russia | 20,600 (2019)
34 |  Mexico | 20,500
35 |  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.

## Median equivalised disposable income

The following table represents data from the OECD's "median disposable income per person" metric; disposable income deducts from gross income taxes on income and wealth as well as contributions paid by households to public social security schemes.[2] The figures are equivalised by dividing income by the square root of household size. As the OECD displays median disposable incomes in each country's respective currency, they have been converted (using PPP conversion factors for private consumption from the same source) in order to account for each country's cost of living in the year that the disposable median income was recorded.[3] Data are in United States dollar s at current prices and current purchasing power parity for private consumption for the reference year.

| Rank  | Country  | Median disposable income (US$, PPP) [4] | Year

|
|
|

1 |  Luxembourg | 49,748 | 2021
2 |  United States | 46,625 | 2021
3 |  Norway | 41,621 | 2021
4 |  Canada | 39,388 | 2021
5 |  Switzerland | 39,132 | 2020
6 |  Austria | 37,715 | 2021
7 |  Belgium | 37,110 | 2021
8 |  Netherlands | 35,891 | 2021
9 |  Australia | 35,518 | 2020
10 |  Germany | 35,061 | 2020
11 |  Iceland | 34,315 | 2017
12 |  Denmark | 33,569 | 2019
13 |  Sweden | 33,472 | 2021
14 |  South Korea | 31,882 | 2021
15 |  New Zealand | 31,752 | 2020
16 |  Ireland | 31,392 | 2021
17 |  Finland | 30,727 | 2021
18 |  France | 30,622 | 2021
19 |  Slovenia | 28,698 | 2021
20 |  Italy | 27,949 | 2021
21 |  United Kingdom | 26,884 | 2021
22 |  Spain | 26,630 | 2021
23 |  Estonia | 26,075 | 2021
24 |  Poland | 24,264 | 2021
25 |  Czech Republic | 23,802 | 2021
26 |  Japan | 21,694 | 2018
27 |  Lithuania | 20,856 | 2021
28 |  Israel | 20,833 | 2020
29 |  Latvia | 19,908 | 2021
30 |  Croatia | 19,680 | 2021
31 |  Portugal | 19,147 | 2021
32 |  Greece | 16,774 | 2021
33 |  Slovak Republic | 16,410 | 2021
34 |  Russia | 16,163 | 2017
35 |  Romania | 15,898 | 2021
36 |  Hungary | 15,361 | 2021
37 |  Bulgaria | 14,990 | 2021
38 |  Turkey | 10,358 | 2020
39 |  Chile | 10,075 | 2020
40 |  Costa Rica | 8,915 | 2021
41 |  Brazil | 6,942 | 2016
42 |  Mexico | 5,930 | 2020
43 |  South Africa | 5,489 | 2017
44 |  China | 4,484 | 2011
45 |  India | 2,473 | 2011

## Median household net income (Eurostat)

The following table shows data from Eurostat on household median equivalised net income adjusted for differences in purchasing power between countries.[5] According to Eurostat, 'the total disposable income of a household is calculated by adding together the personal income received by all household members plus income received at household level. Disposable household income includes: All income from work (employee wages and self-employment earnings), private income from investment and property, transfers between households, all social transfers received in cash including old-age pensions.'[6] This indicator does not include non-monetary income components such as the value of goods produced for own consumption, social transfers in kind and non-cash employee income (except company cars). Furthermore, to take account of differences in household sizes, disposable income per household is equivalised.

Median household net income by country  (purchasing power standard)  Country  | 2007  | 2011  | 2015  | 2018  | 2021*  | 2022**

|
|
|
|
|
|

Luxembourg | 26,847 | 26,601 | 29,285 | 27,550 | 32,132 | 33,214
Switzerland | 20,504 | 22,833 | 26,545 | 26,934 | 26,350 | 27,161
Norway | 20,700 | 24,251 | 28,353 | 26,296 | 26,327 | 27,093
Netherlands | 17,538 | 18,833 | 19,389 | 21,543 | 24,551 | 25,436
Austria | 17,810 | 20,425 | 21,981 | 23,204 | 24,450 | 25,119
Belgium | 16,312 | 18,106 | 19,954 | 21,336 | 22,696 | 24,124
Denmark | 16,875 | 19,184 | 20,384 | 21,641 | 22,899 | 23,244
Germany | 17,323 | 18,395 | 20,342 | 21,917 | 23,337 | 23,197
Finland | 15,241 | 17,933 | 19,430 | 20,048 | 20,078 | 20,941
Malta | 12,442 | 14,029 | 16,753 | 17,932 | 19,012 | 20,698
France | 15,166 | 18,170 | 19,885 | 20,260 | 20,100 | 20,575
Sweden | 15,911 | 18,031 | 20,154 | 20,429 | 20,673 | 20,568
Ireland | 17,722 | 16,628 | 17,656 | 19,464 | 20,099 | 20,207
Cyprus | 18,252 | 19,162 | 15,313 | 17,505 | 18,334 | 19,719
Slovenia | 12,922 | 13,940 | 15,102 | 15,771 | 17,579 | 18,792
Italy | 14,497 | 15,776 | 15,395 | 16,715 | 17,304 | 18,472
Spain | 12,689 | 14,424 | 14,463 | 16,030 | 16,303 | 17,255
Estonia | 6,490 | 7,491 | 10,423 | 13,374 | 14,805 | 17,075
Czechia | 8,841 | 9,989 | 11,652 | 13,264 | 13,815 | 15,354
Poland | 5,609 | 8,333 | 9,957 | 11,546 | 13,859 | 14,953
Lithuania | 5,708 | 6,068 | 8,251 | 10,702 | 13,742 | 14,202
Latvia | 5,585 | 5,944 | 8,108 | 10,016 | 12,003 | 12,899
Croatia | - | 7,423 | 8,253 | 9,870 | 11,385 | 12,277
Portugal | 8,919 | 9,621 | 10,317 | 10,801 | 12,404 | 12,267
Greece | 11,320 | 11,627 | 8,810 | 9,258 | 9,920 | 10,841
Hungary | 6,490 | 7,135 | 7,938 | 8,634 | 9,983 | 10,229
Romania | 2,783 | 3,641 | 4,357 | 6,278 | 8,693 | 10,039
Slovakia | 5,606 | 8,975 | 10,220 | 9,744 | 9,425 | 9,826
Bulgaria | 3,296 | 5,824 | 6,882 | 7,208 | 9,375 | 9,671
Serbia | - | - | 4,722 | 5,226 | 6,968 | 7,567
Montenegro | - | - | 5,645 | 6,831 | 6,328 | 7,304
Turkey | 4,054 | 4,766 | 5,668 | 6,467 | 6,215 | \-
Albania | - | - | - | 4,003 | 4,275 | \-
Iceland | 19,893 | 18,024 | 20,804 | 23,637 | - | \-
United Kingdom | 18,774 | 15,776 | 17,784 | 18,423 | - | \-
North Macedonia | - | - | 4,556 | 5,496 | - | \-
Kosovo | - | - | - | 3,953 | - | \-

* The most recent data for Iceland, the United Kingdom and Kosovo is from 2018. The most recent data for North Macedonia is from 2020. ** The most recent data for Turkey and Albania is from 2021.

## See also

* Income distribution
* List of countries by wealth per adult

## References

1. ↑ 1.0 1.1 1.2 "Household accounts - Household disposable income - OECD Data". https://data.oecd.org/hha/household-disposable-income.htm.
2. ↑ Income Distribution Database OECD July 2017
3. ↑ Income Distribution Database 1 January 2024
4. ↑ "Income Distribution - Median equivalised disposable income - OECD Data". https://stats.oecd.org/Index.aspx?DataSetCode=IDD.
5. ↑ Eurostat - Median Equivalised Net Income.
6. ↑ "Income and living conditions (ilc)". https://ec.europa.eu/eurostat/cache/metadata/en/ilc_esms.htm. Retrieved 21 December 2022.

## External links

0.00

(0 votes)

Original source: https://en.wikipedia.org/wiki/Disposable household and per capita income. Read more

|

Retrieved from "https://handwiki.org/wiki/index.php?title=Finance:Disposable_household_and_per_capita_income&oldid=3317788"