Spain household income

Net wealth of European households lost in the crisis recovered; now is over seven times disposable income

Spain reports greatest loss of income (-7.85%) among OECD countries since pandemic

Of the 31 OECD countries analysed, nine recorded an increase in real per capita household income, while twelve recorded a fall, although among the large eurozone economies only Spain maintained its deterioration, with a loss of 7.85%, the worst figure of all the OECD countries. Although this household income exceeded pre-pandemic levels in the third quarter of 2022 in almost all OECD countries, Spain led the group of those that…

Puerta del Sol Square, Madrid, Spain

Incomes in Spain the lowest in Europe since 2019: down from €25,180 to €23,450

Spaniards are falling behind the standard of living of the rest of the European economies: they have lost the most wealth per person – €1,700- since 2019, according to data available until 2021, and already occupy the 18th place in the continental standard of living ranking. If in 2018 Spain stood at 91.2% of the EU average gross national income per capita, by in 2021 this had dropped to 83.4%,…

Net wealth of European households lost in the crisis recovered; now is over seven times disposable income

The Pandemic Cuts Household Income By 3.3% And Companies’ Gross Operating Surplus By 18%

The impact of the pandemic on household accounts has been more moderate than that suffered by companies because most of the protective measures implemented by the government have been aimed at the former. In this respect, analysts at Funcas explain that the decline in the gross disposable income of households in 2020 was 3.3%, lower than that of GDP (-10.8%) and consumption (-12%). Meanwhile, the gross operating surplus of companies fell by 18%, the biggest drop in the entire historical series, and their gross disposable income fell by 17%.

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Spanish household income will increase around 4% between 2019 and 2021

CaixaBank Research | The Spanish economy has spent four consecutive years growing above the Eurozone average. At the same time, the savings rate has fallen to historic lows. Although this would seem to suggest that households have limited room to manoeuvre in their consumption decisions if the economic context worsens, it is still too soon to draw this conclusion.