"Real household income per capita in the OECD increased by 0.5% in Q4 2024, showing a mixed picture across member countries."
"Despite an overall increase in household income, only 9 out of 19 OECD countries recorded gains, highlighting significant disparities."
"In 2024, Portugal exhibited the largest increase in real household income per capita at 6.7%, contrasting with Australia's decline of 1.8%."
"The annual increase in real household income was driven by slowed inflation, with most countries maintaining growth despite some national declines."
In the fourth quarter of 2024, real household income per capita in the OECD rose by 0.5%, an increase from 0.2% in the previous quarter, with real GDP per capita also growing by 0.4%. Over the entirety of 2024, household income per capita grew by 1.8%, a slight uptick from 2023. However, the trend was uneven among countries, with mixed results across 19 nations. Portugal spurred growth with a substantial 6.7% increase, while Australia suffered the largest decline at -1.8%. Overall increases reflect decelerating inflation across the OECD.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]