Income and Expenditure

In 2023, Thailand ranked ninth in average gross income among Asia Pacific countries, supported by an unemployment rate below 1% and lower inflation of 1.2%. While the economy somewhat stagnated, government stimulus aided disposable incomes as it…

In 2023, Taiwan ranked fifth in average gross income among Asia Pacific nations, driven by moderate inflation and economic recovery. Despite a 14-year low in GDP growth due to manufacturing and export challenges, private consumption remained robust.…

In 2023, Myanmar had the lowest average gross income in the Asia Pacific region, with economic slowdown and increased taxes contributing to this decline. Despite economic challenges, the country's economy showed resilience, with a projected increase…

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…

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…

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, Pakistan ranked 21st out of 22 Asia Pacific countries in terms of average gross income, with economic deceleration and a decrease in remittance inflows contributing to stagnant disposable income levels growth. During 2023-2028, per capita…

In 2023, Hong Kong led the Asia Pacific region in terms of average gross income, while disposable income per capita recorded relatively strong growth due to a rebounding economy, decreased unemployment and increased labour productivity. However,…

In 2023, India ranked 16th among Asia Pacific countries in terms of average gross income. Disposable income per capita grew in 2023 driven by the country’s relatively strong economic expansion and increased labour productivity. However, income…

In 2023, Japan's average gross income ranked third among Asia Pacific nations, however, the country recorded a decrease in per capita disposable income due to inflation and economic challenges. Furthermore, the situation in terms of gender equality…

In 2023, Malaysia ranked eighth among Asia Pacific nations in terms of average gross income. The country’s disposable income levels increased over the year, albeit at a slower pace than in 2022, reflecting the global economic challenges and…

In 2023, China recorded growth in per capita disposable income, driven by economic expansion, lower unemployment rates and increased labour productivity. However, income inequality remained high, with urban dwellers typically earning more due to…

In 2023, Indonesia saw a 4.7% increase in per capita disposable income, driven by strong economic growth, lower unemployment and improved labour productivity. However, income inequality remained a major issue, with the top 10% of households earning…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which…

In 2023, Bangladesh ranked 17th among Asia Pacific nations in terms of average gross income. Even though the income levels remained comparatively low, in 2023 the country recorded an accelerated increase in per capita disposable incomes, which grew…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which…

Vietnam’s consumer income is expected to more than double by 2040, facilitated by robust economic growth. Purchasing power will be largely concentrated in the hands of younger generations. Generations Y and Z are expected to shape luxury-spending…