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| {{flagg|us*eft|Latvia|pref=Economy of}} || $19,783 |
| {{flagg|us*eft|Latvia|pref=Economy of}} || $19,783 |
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=== Median === |
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The following table represents data from OECD's "median disposable income" metric per person, which includes all forms of income as well as taxes and transfers in kind from governments for benefits such as healthcare and education. This metric, in addition to using a median rather than a mean, uses "data calculated according to the new OECD terms of reference"; compared to previous terms of reference, these "include a more detailed breakdown of current transfers received and paid by households as well as a revised definition of household income, including the value of goods produced for own consumption as an element of self-employed income."<ref>[https://stats.oecd.org/Index.aspx?DataSetCode=IDD Income Distribution and Poverty: Median disposable income (current prices).] OECD. Accessed August 6, 2018.</ref> As OECD displays median disposable incomes in each country's respective currency, the values were converted here using the World Bank's PPP conversion factors, accounting for each country's cost of living in the year that the disposable median income was recorded.<ref>[https://data.worldbank.org/indicator/PA.NUS.PRVT.PP?end=2016&page=1&start=2013 PPP conversion factor.]</ref> Unless noted otherwise, all data refers to 2016. |
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{{col-begin}} |
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{| class="sortable wikitable" |
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! Rank |
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! Country/Territory |
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! 2016 median personal disposable income, after taxes and transfers ([[Purchasing power parity|PPP]]) |
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| 1 || {{flag|Switzerland}} || $36,537 (2015) |
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| 2 || {{flag|Norway}} || $35,542 |
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| 3 || {{flag|United States}} || $34,514 |
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| 4 || {{flag|Austria}} || $32,496 |
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| 5 || {{flag|Canada}} || $32,150 |
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| 6 || {{flag|Australia}} || $31,590 |
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| 7 || {{flag|Sweden}} || $29,765 |
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| 8 || {{flag|Netherlands}} || $29,571 |
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| 9 || {{flag|Belgium}} || $29,361 |
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| 10 || {{flag|Denmark}} || $28,926 |
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| 11 || {{flag|Germany}} || $27,569 |
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| 12 || {{flag|Finland}} || $26,774 |
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| 13 || {{flag|South Korea}} || $26,520 |
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| 14 || {{flag|Ireland}} || $25,933 |
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| 15 || {{flag|France}} || $25,865 |
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| 16 || {{flag|New Zealand}} || $25,190 (2014) |
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| 17 || {{flag|Italy}} || $23,023 |
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| 18 || {{flag|United Kingdom}} || $22,603 |
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| 19 || {{flag|Japan}} || $22,362 |
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| 20 || {{flag|Spain}} || $21,788 |
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| 21 || {{flag|Slovenia}} || $21,459 |
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| 22 || {{flag|Israel}} || $19,393 |
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| 23 || {{flag|Czech Republic}} || $17,984 |
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| 24 || {{flag|Estonia}} || $17,715 |
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| 25 || {{flag|Poland}} || $16,507 |
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| 26 || {{flag|Slovak Republic}} || $15,703 |
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| 27 || {{flag|Portugal}} || $15,403 |
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| 28 || {{flag|Lithuania}} || $13,695 |
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| 29 || {{flag|Latvia}} || $13,220 |
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| 28 || {{flag|Greece}} || $12,795 |
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| 29 || {{flag|Hungary}} || $11,744 |
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| 30 || {{flag|Turkey}} || $10,580 (2015) |
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| 31 || {{flag|Chile}} || $9,013 (2015) |
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| 32 || {{flag|Brazil}} || $7,325 (2013) |
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| 33 || {{flag|Mexico}} || $5,946 |
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| 34 || {{flag|China}} || $4,485 (2011) |
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| 35 || {{flag|South Africa}} || $4,203 (2015) |
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| 36 || {{flag|India}} || $2,524 (2011) |
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{{col-end}} |
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==See also== |
==See also== |
Revision as of 17:03, 31 March 2022
Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.
Average household incomes need not map directly to measures of an individual's earnings such as per capita income as numbers of people sharing households and numbers of income earners per household can vary significantly between regions and over time.
Average household income can be used as an indicator for the monetary well-being of a country's citizens. Mean or median net household income, after taxes and mandatory contributions, are taken as indicators of standard of living, because they include only disposable income and acknowledge people sharing accommodation benefit from pooling at least some of their living costs.
Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group.
Disposable income per capita (OECD)
Mean
The list below represents a national accounts derived indicator based on adjusted gross income, which is defined as "the balance of primary incomes of an institutional unit or sector by adding all current transfers, except social transfers in kind, receivable by that unit or sector and subtracting all current transfers, except social transfers in kind, payable by that unit or sector; it is the balancing item in the Secondary Distribution of Income Account" [1] "plus transfers in kind" received mainly from government, such as healthcare and education.[2] In other words, it only includes taxes and transfers. It is based on the national accounts, which follows a standardized accounting (System of National Accounts) so to allow for comparability. It is also not survey based, which avoids survey errors and underreporting. The following is published by the OECD and is presented in purchasing power parity (PPP) so to adjust for costs of living.
|
Net adjusted
* Indicates "Economy of COUNTRY or TERRITORY" links.
Country | Household net adjusted disposable income |
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United States * | $51,147 |
Luxembourg * | $44,773 |
Switzerland | $39,697 |
Norway * | $39,144 |
New Zealand * | $39,024 |
Germany * | $38,971 |
Iceland * | $37,549 |
Australia * | $37,433 |
Austria * | $37,001 |
Netherlands * | $34,984 |
Belgium * | $34,884 |
France * | $34,375 |
Canada * | $34,421 |
Denmark * | $33,774 |
Sweden * | $33,730 |
Finland * | $33,471 |
Italy * | $29,431 |
Ireland * | $29,488 |
Japan * | $28,872 |
Israel * | $27,701 |
Spain * | $27,155 |
Czech Republic * | $26,644 |
Slovenia * | $25,250 |
Portugal * | $24,877 |
Korea * | $24,590 |
Estonia * | $23,784 |
Poland * | $23,675 |
Slovakia * | $21,149 |
Hungary * | $21,026 |
Greece * | $20,791 |
Latvia * | $19,783 |
See also
References
- ^ Directorate, OECD Statistics. "OECD Glossary of Statistical Terms - Disposable income Definition". stats.oecd.org.
- ^ Directorate, OECD Statistics. "OECD Glossary of Statistical Terms - Adjusted disposable income Definition". stats.oecd.org.
- ^ "Household accounts - Household disposable income - OECD Data". theOECD.