European Mean Equivalised Net Income (Before Social Transfers Including Pensions) of Households by Country

In 2023, Luxembourg led with the highest mean equivalised net income at 27.72 thousand Euros PPP, reflecting its strong economic position in Europe. Norway and Switzerland followed, while Eastern European countries like Slovakia, Serbia, Montenegro, and Macedonia lagged behind, indicating a significant income disparity across the continent. Year-on-year changes highlight the rapid growth in Romania and Serbia, with over 10% increases, contrasted by Slovakia's decline. Noteworthy gains were seen in Lithuania and Bulgaria as well, underscoring Eastern Europe's closing gap. Over the past five years, these trends suggest a gradual convergence of incomes.

Future trends to watch:

• Monitoring the income growth in Eastern European countries, as they may continue to catch up with their Western counterparts.
• Assessing the impact of economic policies and geopolitical factors, especially within the European Union, on income distribution.
• Tracking income trends in Mediterranean countries, which could see variability influenced by tourism and external economic factors.