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Disposable household and per capita income

From Wikipedia, the free encyclopedia

Household income is a measure of income received by thehousehold sector. It includes every form of cash income, e.g.,salaries andwages, retirement income,investment income 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 income,per capita income, per earner income, or on anequivalised basis. 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.

Whentaxes and mandatory contributions are subtracted from household income, the result is callednet ordisposable household income. A region'smean ormedian net 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 distribution into two equal groups, half having income above that amount, and half having income below that amount.

Disposable income per capita of households and NPISH (OECD)

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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 on income or wealth, 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.

Gross household disposable income per capita(including social transfers in kind)
Location2024* (USDPPP)[1]
United States67,468 (2023)
Luxembourg67,094
Germany59,001
 Switzerland53,362 (2023)
Australia52,296 (2023)
Austria55,616
Netherlands55,556
Norway49,788 (2022)
Belgium49,749 (2023)
France48,072 (2023)
Finland48,242
United Kingdom48,166
Canada47,737
Sweden47,670
Denmark47,260
Ireland46,719
Italy46,254
Spain43,596
New Zealand39,937 (2022)
Czech Republic41,970
Japan38,010 (2023)
Portugal40,979
Slovenia40,631
South Korea35,083 (2023)
Lithuania39,565
Poland38,054
Hungary37,030
Turkey30,589 (2022)
Slovakia34,768
Estonia33,877
Greece33,326
Latvia32,167
Chile23,899 (2023)
Mexico22,029 (2023)
Costa Rica17,240 (2021)
Colombia16,452 (2023)

*Figures have been rounded to the nearest dollar; if data is unavailable for 2024, figures for 2023, 2022 or 2021 are shown.

Historical

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Households andNPISHs net adjusted disposable income per capita[2]US dollars per person, PPP converted, 2021  Y/y increase  Y/y decrease;P — provisional data
Country2004200520062007200820092010201120122013201420152016201720182019202020212022Δ
Australia31,44331,73132,88534,15935,90935,61937,07337,67337,20637,65738,18138,21738,57138,83039,31440,52542,02242,940N/a11,497
Austria39,56940,80841,74342,59542,98942,87142,47842,19642,59341,75141,77141,33641,87442,25242,57742,83741,47342,78143,4523,883
Belgium36,92837,06637,66138,27638,82738,90638,33437,95738,04338,00138,08438,16438,57339,06739,32740,12940,11041,28940,770P3,842
Canada30,210P30,482P31,772P32,548P33,431P33,732P34,497P34,699P35,082P35,476P35,520P36,292P35,879P36,739P36,909P37,277P39,204P39,582P39,065P8,855
Costa RicaN/aN/aN/aN/aN/aN/aN/aN/a14,08814,27414,55415,03815,95316,95717,23617,405N/aN/aN/a3,317
Czech Republic22,87023,64124,52525,09025,36025,77225,90725,64825,43025,39926,00326,76127,48728,64629,69530,66330,76632,04531,1638,293
Denmark31,76132,34733,02032,81832,74733,45234,42434,58434,42834,68035,01836,02536,93037,35437,81438,39237,93938,36838,3536,592
Estonia13,96815,43817,43418,78820,09318,56717,88318,51118,52519,52620,38821,60522,49623,28824,59525,49425,88527,03625,67311,705
Finland32,14732,51233,05733,98134,60234,71835,39635,49535,31735,16334,86135,13935,69835,96636,56737,29537,36637,93937,2505,103
France35,56935,73636,38137,21337,20337,68538,16438,10937,95237,53437,86238,08338,58339,05239,31339,92339,21840,583P40,781P5,212
Germany36,96537,28537,74537,89338,31138,32238,73839,37239,63739,65340,15640,77641,71642,24143,01443,338P43,858P44,059P43,758P6,793
Greece27,35327,42928,82229,65529,82429,93327,36724,12021,39420,34920,78221,26621,38721,31521,60422,94722,288P23,871P24,399P-2,954
Hungary18,79919,66420,04419,16918,83918,18218,08118,75218,23518,60019,16019,87120,68121,87323,42224,45824,12725,58726,527P7,728
Ireland26,41327,77728,18429,00529,93729,54128,68527,33227,42426,85626,81927,73128,61529,75130,25531,26533,12933,62133,3866,973
Italy36,25736,27936,45636,69335,89535,06234,42334,08232,28932,03432,19232,56032,98033,35233,71133,81033,22334,41634,081-2,176
Japan27,41527,90628,29528,61728,33428,54128,95729,09929,51529,71129,33729,69830,16330,42030,66031,12432,36631,76831,7094,294
Korea18,42118,80919,41720,22920,51320,74221,50521,82122,24623,04323,71424,93625,26325,65026,40427,16527,92628,478N/a10,057
Latvia13,20114,72716,71818,18918,91216,78316,30415,77516,56817,17217,95319,17220,18321,13622,20722,65723,15924,39723,78110,580
Lithuania17,88019,16621,22521,84123,64421,45921,77422,35022,91823,87224,32225,41027,19127,75628,93430,93332,86333,68532,13714,257
Luxembourg45,56044,60445,22545,78246,05347,17847,21247,02947,33648,43648,44647,81647,33348,37249,00750,01752,10752,10151,9466,386
Mexico14,914P14,91215,74015,62415,48315,28115,40916,35616,44916,67216,87917,72517,69217,55517,50917,80816,45417,490P17,164P2,250
Netherlands34,69734,64536,00436,68837,15537,73137,68537,77737,46837,01037,38837,74638,28638,45439,17539,94040,39341,497P41,860P7,163
New Zealand25,17325,68626,48427,85127,20227,79428,12428,93429,13929,50929,37830,07830,88131,63232,63533,59935,372N/aN/a10,199
Norway35,25437,57035,51936,89737,52038,57839,12539,93840,90741,71142,12043,44242,83343,25643,28943,73743,40744,83543,6238,369
Poland16,22716,41917,23718,01718,78719,69420,52520,56820,79221,01422,14922,80824,06724,91825,93227,19828,33628,27428,58812,361
Portugal25,89326,03025,84726,09826,34727,02326,86725,77224,86724,62924,47625,22625,89526,23226,88327,88127,16428,12428,176P2,283
Slovakia15,87316,43617,18718,81920,03220,31020,74620,20320,08019,98220,38121,43622,06222,70124,14224,79724,81125,42925,2999,426
Slovenia23,16024,14124,69025,53626,20925,83225,68425,73624,68624,11924,35724,90125,99726,75927,83028,67129,75130,99530,9977,837
Spain29,65530,20830,42030,51830,73930,83330,32529,79027,80227,54827,56728,67429,35629,78330,11230,98730,43531,203P30,308P653
Sweden30,42031,04432,17733,33533,94834,23434,83535,53836,35136,64236,96037,59238,55338,54038,63238,82138,16639,40439,0488,628
 Switzerland38,38739,16540,20341,37141,44541,69642,08942,19642,82843,49143,69443,92644,10943,53343,49944,05945,28445,189P45,784P7,397
United Kingdom31,90832,40732,73333,56433,17933,49133,57232,67433,22233,63434,17235,78535,77435,88936,29136,87635,71237,32636,5644,656
United States44,40744,40245,43445,95446,36046,24246,66547,20848,06647,08948,20049,60550,22051,28352,67854,04057,37459,03755,53211,125

Median equivalised household disposable income

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Further information:Median income
Annual median equivalised disposable income, in 2021, USD at PPP rates, by OECD country[3]

The median equivalised household disposable income is themedian of thedisposable income which isequivalised by dividing income by the square root of household size; the square root is used to acknowledge that people sharingaccommodation benefit 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 dollars is shown in the below table.[3]

Median equivalised household disposable income
Location2021 (USDPPP)
Luxembourg49,748
United States46,625
Norway41,621
 Switzerland39,698
Canada39,388
Austria37,715
Belgium37,110
Iceland36,853
Australia36,835
Netherlands35,891
Germany35,537
Denmark34,061
Sweden33,472
New Zealand32,158
South Korea31,882
Ireland31,392
Finland30,727
France30,622
Slovenia28,698
Italy27,949
United Kingdom26,884
Spain26,630
Estonia26,075
Poland24,264
Czech Republic23,802
Israel21,366
Japan21,282
Lithuania20,856
Latvia19,908
Croatia19,680
Portugal19,147
Greece16,774
Slovak Republic16,410
Romania15,898
Hungary15,361
Bulgaria14,990
Turkey10,341
Chile10,101
Costa Rica8,915
Mexico6,090
South Africa6,068

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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