He real family income in OECD an increase of 0.9 percent in the first quarter of 2023, that is exceeding 0.3 percent of GDP growth per capita in the same period for countries in the region, the organization reports.
However, Organization for Economic Cooperation and Development (OECD) warned in a statement that improvements include mixed resultsbecause among the 21 countries with available data (out of a total of 38 members), the indicator is up at eleven but down at ten.
this indicator measure the household’s disposable income after taxes and fees have been reduced and social assistance added.
Spain recorded an increase of 1.28 percentclearly higher than the GDP increase of 0.22 percent in the first quarter of this year.
Among the G7 countries, the index rose Italy (3.3 percent) and United States of America (1.7 percent), but declined in Canada (-3.3 percent), German (-1 percent), great Britain (-0.8 percent) and France (-0.5 percent), while for Japan no data. The average increase is 0.9 percent, the same as across the organization as a whole.
Italy’s increase was mainly due to the decline energy priceswhen in the United States it was due to a decrease in the tax burden after increasing in 2022.
Other OECD countries also recorded significant increases, such as Denmark (4.3 percent), belgium (4.1 percent), Poland (3.9 percent) or Dutch (2.6 percent).
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