Income and Expenditure

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, Turkey ranked 17th in Western Europe for average gross income, despite a significant increase in per capita disposable income. High inflation and income disparity remains a challenge, as the richest 20% of the population holds nearly half…

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, the US held second position among developed nations in terms of average gross income. Over the year, per capita disposable incomes grew supported by accelerating economic growth, lower inflation and rising productivity. However, the country…

In 2023, the United Arab Emirates saw robust economic performance, ranking second in the Middle East and Africa region for average gross income, driven by a strong labour market, zero income tax and government support for low-income households.…

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, 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, 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, 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, Tanzania’s average gross income ranked second lowest among Middle East and Africa countries, due to a dependence on the informal market and large rural populations. However, per capita disposable income is projected to grow by 8.6% over…

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, 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, 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…

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, South Africa experienced a decrease in per capita disposable income in real terms, largely due to economic slowdown and power outages, which affected productivity and wages. Furthermore, income inequality remained the highest globally, with…

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, 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…