EU household real income per capita up 22% since 2004
4 days ago
- #EU economy
- #economic growth
- #household income
- EU household real income per capita increased by 22% from 2004 to 2024.
- Income growth was steady from 2004-2008, stagnated during the financial crisis (2008-2011), declined in 2012-2013, then resumed growth until 2020.
- The COVID-19 pandemic caused a decline in 2020, followed by a rebound in 2021, slow growth in 2022-2023, and acceleration in 2024.
- Romania had the highest income growth (134%), followed by Lithuania (95%), Poland (91%), and Malta (90%).
- Greece (-5%) and Italy (-4%) were the only countries with declining household income per capita over the 20-year period.
- Spain (11%), Austria (14%), Belgium (15%), and Luxembourg (17%) had the lowest increases in income.