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Real household income recovers in the last quarter of 2023

7 May 2024 – Real household income per capita in the OECD rose by 0.5% in the fourth quarter of 2023, following a 0.2% fall in the third quarter. Growth in real income per capita exceeded growth in real GDP per capita of 0.2% (Figure 1).

Real household income per capita increased in most OECD countries in Q4 2023. Of the 19 countries for which data is available, 11 registered an increase, 6 saw a decrease, and 2 were flat. Among G7 economies, real household income per capita rose in the United Kingdom, France, and the United States. The United Kingdom saw an increase in real household income per capita of 0.5% in Q4 2023 despite GDP per capita declining for the fourth consecutive quarter.

 


         

   

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