In 2023, Luxembourg led Europe in Mean Equivalised Net Income for households making ends meet fairly easily, topping the rank with a value of €36.77k PPP. Other frontrunners included Austria (€28.15k), Norway (€27.76k), and Iceland (€26.79k). Contrastively, Macedonia (€8.94k) and Slovakia (€11.17k) visibly lagged behind. Over the past year, Greece and Romania showed significant growth at 7.13% and 9.29% respectively, whereas Switzerland and France faced declines of -2.92% and -2.64%. The five-year average (CAGR) highlights resilient growth in Eastern Europe while Western Europe sees mixed performance.
Future trends to watch include:
- Continued economic recovery impacting household income levels.
- Potential inflation affecting real purchasing power across European countries.
- Structural reforms and stimulus measures that might enhance income disparities.
- The green transition, digitalization, and their effects on employment and income distribution.
Top countries in Mean Equivalised Net Income of Households Making Ends Meet Fairly Easily by Country
| # | 10 Countries | Euros PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Luxembourg | 36,770 | 2023 | +0.23% | +2.09% | View data |
| 2 | 2 Austria | 28,150 | 2023 | +0.089% | +2.32% | View data |
| 3 | 3 Norway | 27,760 | 2023 | +1.01% | +1.68% | View data |
| 4 | 4 Iceland | 26,790 | 2023 | +1.16% | +1.05% | View data |
| 5 | 5 Switzerland | 25,980 | 2023 | -3.83% | -2.92% | View data |
| 6 | 6 Italy | 25,920 | 2023 | +0.88% | +0.92% | View data |
| 7 | 7 Belgium | 25,330 | 2023 | -2.09% | +1.63% | View data |
| 8 | 8 Ireland | 25,040 | 2023 | -0.62% | -0.18% | View data |
| 9 | 9 Denmark | 24,960 | 2023 | +2.87% | +1.66% | View data |
| 10 | 10 Germany | 24,720 | 2023 | -0.12% | +3.08% | View data |
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