What is the per capita disposable income in China. The drawbacks are explained in detail below: When comparing per capita income over time, this measurement does not consider the adjustment needed to account for inflation. In 2021, the per capita disposable income of residents in China reached 35,128 yuan, a nominal increase of 9.1 percent over the previous year, and a real increase of 8.1 percent after deducting price factors; the growth rate was 14.3 percent higher than that in 2019 (it was the nominal growth rate year-on-year unless otherwise stated). BEA. to incorporate the statistic into your presentation at any time. Chart. If you are an admin, please authenticate by logging in again. Dollars,Seasonally Adjusted Annual Rate, Frequency: In other words, disposable income is the final take away income available after all the tax payments and employee deductions. Specifically, within the United Nations, making such information available allows organizations to assess a nations wealth and see what assistance needs to be provided. China Disposable Income per Capita: Median - CEIC Data Personal Income Personal Income Personal Income and Outlays, May 2023 Personal income increased $91.2 billion (0.4 percent at a monthly rate) in May. Currently, you are using a shared account. The per-capita or per-person average for disposable income (line 38) is given on an annualized basis, so must be divided by 12 to get the BEA's estimate for any particular month. If you are an admin, please authenticate by logging in again. Currently, you are using a shared account. Average annual per capita disposable income of households in China from 1990 to 2022 (in yuan) [Graph]. All dollar estimates are in current dollars (not adjusted for inflation). and over 1Mio. National Bureau of Statistics of China. Biden's Wage Claims: Mostly Malarkey - FactCheck.org In Mexico, the average household net-adjusted disposable income per capita is USD 16 269 a year, less than the OECD average of USD 30 490 a year. Although living. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 39,000+ online stores and marketplaces. This is a change of 0.40% from last month and 7.44% from one year ago. U.S. - Per capita personal income 2022 | Statista For all solutions offered by You only have access to basic statistics. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis. The calculation is: As the calculation suggests, the per capita income of a Mexican in 2019 is about $20,000 or $20,078.74, to be exact. Please create an employee account to be able to mark statistics as favorites. Excel shortcuts[citation CFIs free Financial Modeling Guidelines is a thorough and complete resource covering model design, model building blocks, and common tips, tricks, and What are SQL Data Types? Influenced by urbanization, population migration and other factors, the composition of population in different periods has changed, which sometimes leads to the phenomenon that the growth rate of some income and Expenditure Projects of the whole country exceeds the growth range of corresponding income and Expenditure Projects of urban and rural households. According to Eurostat, 'the total disposable income of a household is calculated by adding together the personal income received by all household members plus income received at household level.Disposable household income includes: All income from work (employee wages and self-employment earnings), private income from investment and property, . 2. Consumer spending refers to all the expenditures that residents use to meet their daily needs, including both cash and physical consumption. Dollars). The national and sub urban and rural households' income and expenditure data comes from the household income and expenditure and living conditions survey organized and implemented by the National Bureau of Statistics, which is released quarterly. Influenced by urbanization, population migration and other factors, the composition of population in different periods has changed, which sometimes leads to the phenomenon that the growth rate of some income and Expenditure Projects of the whole country exceeds the growth range of corresponding income and Expenditure Projects of urban and rural households. Government debt: . As such, per capita income can be considered a less accurate depiction of average national income, especially compared to the average employment income per nation. It means that people without jobs, such as children or the homeless, get accounted for within the PCI calculation. Per capita income (PCI) or average income is the measurement of average income per person in a specific country, city, or region within a definitive time period. Non-residential - Commercial & Retail - Vacancy, Nominal Fixed Investment (gross fixed capital formation), Real Fixed Investment (gross fixed capital formation), Income: Per Capita Disposable personal income, Millions of U.S. dollars at chained year-2012 prices (Mil. In terms of urban and rural areas, the per capita consumption expenditure of urban residents was 30,307 yuan, an increase of 12.2 percent. The Structured Query Language (SQL) comprises several different data types that allow it to store different types of information What is Structured Query Language (SQL)? Aside from Beijing and Chongqing, which are inland municipalities, other eight regions are all coastal provinces and municipalities. May 25, 2023. Structured Query Language (known as SQL) is a programming language used to interact with a database. Excel Fundamentals - Formulas for Finance, Certified Banking & Credit Analyst (CBCA), Business Intelligence & Data Analyst (BIDA), Commercial Real Estate Finance Specialization, Environmental, Social & Governance Specialization, Cryptocurrency & Digital Assets Specialization (CDA), Business Intelligence Analyst Specialization, Financial Modeling and Valuation Analyst(FMVA), Financial Planning & Wealth Management Professional (FPWM). You need at least a Starter Account to use this feature. dollars)." In 2021, the median per capita disposable income of residents in China was 29,975 yuan, an increase of 8.8 percent, and the median was 85.3 percent of the average. Household debt, % of net disposable income, 2022 General government debt, % of GDP, 2022 Household debt: 187.2 % of disposable income. OECD Better Life Index After deducting price factors, the actual increase was 15.3 percent. To use individual functions (e.g., mark statistics as favourites, set Ch. Available: https://www.statista.com/statistics/305909/california-disposable-persona-income/, Annual per capita disposable personal income in California in the United States from 1990 to 2022, Immediate access to statistics, forecasts & reports, U.S. total compensation per employee 2000-2021, U.S. inflation rate versus wage growth 2020-2023, U.S. monthly average hourly earnings for all employees 2011-2023, U.S. monthly average hourly earnings nonfarm payroll employees 2021-2023, U.S. median earnings of full time wage and salary workers 1979-2021, U.S. full-time workers inflation adjusted weekly earnings 1979-2021, U.S. weekly earnings of wage workers 2021, by gender, U.S. median weekly earnings of wage workers 2021, by age, U.S. full-time wage and salary workers weekly earnings 2021, by ethnicity, U.S. workers median weekly earnings 2021, by level of education, U.S. median weekly earnings 2021, by ethnicity and occupation, U.S. unions median weekly earnings 2022, by union affiliation and age, U.S. median household income 2021, by state, U.S. median household income 2021, by education of householder, U.S. wage and salary accruals 2021, by industry, U.S. median annual wage 2022, by major occupational group, U.S. business sector real hourly compensation quarterly change 2020-2023, U.S. nonfinancial corporate sector real compensation quarterly change 2020-2023, U.S. manufacturing sector real hourly compensation quarterly change 2020-2023, U.S. minimum wage: real and nominal value 1938-2023, U.S. minimum wage if it grew with productivity 1968-2021, Percentage of low wage workers in the U.S. by age 2021, U.S. minimum wage workers by industry 2021, Share of adults who support a minimum wage increase U.S. April 2021, by age, U.S. male full-time wage and salary workers - weekly earnings 1979-2021, U.S. female full-time wage and salary workers - weekly earnings 1979-2021, U.S. African American full-time wage workers weekly earnings 1979-2021, U.S. Hispanic full-time wage workers weekly earnings 1979-2021, U.S. Asian full-time wage and salary workers weekly earnings 2000-2021, U.S. household income of black families 1990-2020, U.S. household income of Hispanic families 1990-2021, U.S. household income of Asian families 2002-2021, Per capita disposable personal income in Minnesota 1990-2019, Per capita disposable personal income in North Dakota 1990-2019, Per capita disposable personal income in Vermont 1990-2020, U.S. per capita disposable personal income in Texas 1990-2022, U.S. per capita disposable personal income in Washington 1990-2022, U.S. per capita disposable personal income in Utah 1990-2022, U.S. per capita disposable personal income in New York 1990-2022, U.S. per capita disposable personal income in North Carolina 1990-2022, U.S. per capita disposable personal income in Alabama 1990-2022, U.S. per capita disposable personal income in Indiana 1990-2022, U.S. per capita disposable personal income in New Hampshire 1990-2022, U.S. per capita disposable personal income in Tennessee 1990-2022, Per capita disposable personal income in Michigan 1990-2019, U.S. per capita disposable personal income in New Mexico 1990-2022, Household debt as share of net income in Russia 2011-2019, Relative poverty rate South Korea 2011-2021, Annual per capita disposable personal income in California in the United States from 1990 to 2022 (in U.S. dollars), Find your information in our database containing over 20,000 reports. Statista. The urban-rural income gap (ineq) is the dependent variable, measured as the ratio of per capita disposable income between urban and rural residents (or rural residents' net income), values that are widely adopted and easily calculated . Accessed July 14, 2023. https://www.statista.com/statistics/278698/annual-per-capita-income-of-households-in-china/. In the growth column compared with the previous year, the data in brackets is the actual growth rate, while others are the nominal growth rate. If you are an admin, please authenticate by logging in again. A paid subscription is required for full access. The two-year average growth rate refers to the growth rate calculated by geometric average method based on the corresponding number of the same period in 2019. Compared with 2019, the average growth rate of eight categories of per capita consumption expenditure of residents in China in two years was: food, tobacco and alcohol increased by 8.6 percent, clothing increased by 3.0 percent, residence increased by 5.6 percent, daily necessities and services increased by 5.4 percent, transportation and communication increased by 5.0 percent, education, culture and entertainment increased by 1.7 percent, medical care increased by 5.4 percent, and other supplies and services increased by 4.2 percent. . In 2021, the United States had the highest gross household disposable income per capita in OECD countries adjusted for purchasing power parity. Disposable and discretionary income - Wikipedia Learn more about how Statista can support your business. Explore resources provided by the Research Division at the Federal Reserve Bank of St. Louis, Federal Reserve Bank of St. Louis, The census conducted by the organization measures earned income, interest income, dividends, income from trusts, and other income activities such as welfare. Statista. In terms of employment, about 77% of people aged 15 to 64 in Japan have a paid job, above the OECD employment average of 66%. Considering that per capita income presents a nations mean income, it is a helpful tool to assess which countries require aid. 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USDA ERS - Food Prices and Spending Per capita income (PCI) or "average income" is the measurement of average income per person in a specific country, city, or region within a definitive time period. Moodys Analytics. Within the United States, the organization responsible for calculating per capita income is the U.S. Census Bureau. Compared with 2019, the two-year average growth rates of various sources of per capita disposable income of residents in China are as follows: wage income increased by 6.9 percent, net operating income increased by 6.0 percent, net property income increased by 8.4 percent and net transfer income increased by 7.2 percent. China Disposable Income per Capita: Median data is updated yearly, averaging 23,372.200 RMB from Dec 2013 to 2022, with 10 observations. Description of Two-year Average Growth Rate. January 17, 2023. What Is Disposable Income, and Why Is It Important? - Investopedia Not accounting for the exchange rate may dilute the presentation of the standard of living. As a Premium user you get access to the detailed source references and background information about this statistic. the company visit moodysanalytics.com. In 2020, China's per capita consumption expenditure was 21,210 yuan, a nominal decrease of 1.6 percent over the previous year, and a real decrease of 4.0 percent after deducting price factors.
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