In 2024, real household income per capita grew 1.8% in the OECD

In 2024, real household income per capita grew 1.8% in the OECD, slightly up from 1.7% in 2023.

For the year as a whole, all but two countries observed #growth.

Portugal saw the largest increase (6.7%), driven mainly by remuneration of employees and a decrease in taxes paid.

Australia observed the largest decline (-1.8%), although improved from the record fall in 2023 (-5.1%) driven mainly by higher interest and tax payments.

The annual rise in real household income per capita as observed in most countries came as #inflation slowed compared with the previous year