Income and Expenditure

In 2023, Ecuador’s economy faced challenges, including a decrease in per capita disposable income and productivity below the Latin American average. Projections for 2023-2028 suggest a slight increase in disposable income and a narrowing income…

In 2023, the Czech Republic saw a significant decrease in both per capita disposable income and consumer expenditure, due to high inflation and a consequent decline in real GDP. Income inequality remains among the lowest in the region, owing to a…

In 2023, Denmark’s strong economic performance was driven by low unemployment and positive inflation trends. Looking ahead, per capita disposable income and consumer expenditure are projected to grow significantly over 2023-2028, outpacing the…

In 2023, Côte d’Ivoire showed an impressive economic performance and growth in per capita disposable income. Despite challenges such as high inflation and political tensions, the country’s commitment to macroeconomic stability and structural reforms…

In 2023, Bulgaria ranked 11th among Eastern European nations in terms of average gross income, and saw a 3.7% rise in per capita disposable income in that year, supported by economic growth brought on by solid private spending and government…

In 2023, Portugal saw modest economic growth which translated into per capita income growth of under 1%. This growth was driven by an increase in the minimum wage, positive job market and a rebound in tourism. Projections for 2023-2028 suggest an 8%…

In 2023, Norway's robust economic performance ranked second in Western Europe, despite moderately high inflation and cost-of-living pressures. The country's per capita disposable income is projected to grow by 8.8% over 2023-2028, driven by the 45-49…

In 2023, Ethiopia ranked 23rd out of 25 Middle East and Africa countries in terms of average gross income, as the majority of Ethiopians find themselves in low-paid agricultural jobs. While disposable income increased thanks to a truce in…

In 2023, Uganda had the lowest average gross income in the Middle East and Africa but saw a 6.2% rise in per capita disposable income due to robust economic performance. Despite this, income inequality remained significant, with the top 10% of…

In 2023, Switzerland led Western Europe with an average gross income of USD93,351, primarily due to a strong and robust job market and economic stability. Over 2023-2028, per capita disposable income is projected to increase by 5.6%, with the 55-59…

In 2023, Sweden experienced a technical recession, resulting in decreases in average gross income and rising unemployment, leading to decreased consumer expenditure. Income inequality and the gender income gap remained other significant issues.…

In 2023, Sri Lanka saw modest growth as rampant inflation hindered any concentrated economic performance. Per capita disposable income experienced growth of less than 1%. Income inequality remained high, as well as the gender income gap, as men had…

In 2023, Romania ranked 10th among Eastern European nations for average gross income, with a modest in per capita disposable income increase. Income growth was restricted due to escalated inflation, diminished demand from EU trade partners and…

In 2023, Qatar ranked third in average gross income among Middle East and Africa countries. The 2022 FIFA World Cup made a major contribution to the economy, but that could not be duplicated in 2023 as per capita disposable income and consumer…

The Danish population is expanding due to an influx of immigrants, while businesses are becoming more diverse and inclusive. Strong economic performance driven by GDP growth means consumer expenditure is increasing, with consumers focusing on…

South Korea witnessed a 1% real terms increase in per capita disposable income in 2023, with income growth mirroring economic deceleration in the country. However, the country's labour market remained robust, with the unemployment rate standing low.…

In 2023, the Philippines ranked 13th among Asia Pacific countries in terms of average gross income, and saw a 3.7% rise in per capita disposable income over the year. Growth in incomes was supported by a lower unemployment rate and an increase in…

Over the period to 2040, the US is set to see an increase in childless households, due to a low birth rate and an ageing population. Increased immigration and rising incomes are expected to drive economic growth and consumption. The US will remain…

In 2023, growth in real terms per capita disposable income levels was supported by a decrease in unemployment, lower inflationary pressures and high productivity. Income inequality remained a concern, with a significant wage gap between highly…

In 2023, Saudi Arabia saw a significant increase in per capita disposable income levels in real terms, supported by a decrease in unemployment and expansion of the non-oil private sector. However, income inequality and poverty issues persisted, with…