Western Europe

Turkish consumer income is predicted to increase at a faster rate than in Western Europe over the period to 2027, although starting from lower initial levels. Middle-aged consumers are set to earn the most, due to better jobs and multiple income…

Inflationary pressures are expected to hinder real disposable income growth and diminish purchasing power in the near future. Nevertheless, the government is implementing measures to protect vulnerable households amidst the cost-of-living crisis.…

In 2023, per capita disposable incomes increased in the Netherlands although at a slow pace as economic slowdown and persistent inflationary pressures constrained growth. Looking ahead, income distribution is expected to remain comparatively balanced…

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, Spain ranked 14th among Western European countries in terms of average gross income, with a decrease in per capita disposable income in the year due to an economic slowdown and a drop in labour productivity. Despite this, future projections…

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, Italy ranked 13th among Western European countries in average gross income, with a modest rise in per capita disposable income in 2023. Economic slowdown and persistent inflationary pressures constrained income growth. Furthermore, income…

Ireland is expected to experience economic growth and increased per capita income over 2022-2027. Later Lifers are projected to dominate the top income group, influencing luxury spending. While income inequality is forecast to increase, poverty rates…