The European Mean Equivalised Net Income of Households Making Ends Meet with Difficulty in 2024 shows a wide disparity across countries. Switzerland leads with the highest value, reflecting higher living costs, while Macedonia stands at the lowest end. Notably, there's a significant increase in Romania and Serbia, with 10.82% and 9.96% year-on-year growth in 2023, respectively. Conversely, Cyprus and Montenegro noticed negative variations. Countries like Germany, Estonia, and Poland observed impressive increases, over 6% each, indicating shifting economic conditions. Malta had the highest increase at 7.46%, suggesting improving economic resilience.
Future trends to watch include:
- Continued economic recovery post-pandemic, impacting income distribution.
- The effects of inflation and cost-of-living adjustments across Europe.
- Potential policy changes affecting household incomes in the EU region.
- Diverse economic growth rates due to geopolitical tensions and economic reforms.
Top countries in Mean Equivalised Net Income of Households Making Ends Meet with Difficulty Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 6.89 | 2023 | +1.71% | +0.86% | View data |
| 2 | 2 Iceland | 6.85 | 2023 | +2.44% | +1.87% | View data |
| 3 | 3 Norway | 5.79 | 2023 | +0.9% | +1.79% | View data |
| 4 | 4 Luxembourg | 5.41 | 2023 | -3.23% | +3.03% | View data |
| 5 | 5 Denmark | 4.95 | 2023 | -2.97% | +1.6% | View data |
| 6 | 6 Ireland | 4.69 | 2023 | +1.68% | +2.64% | View data |
| 7 | 7 Austria | 4.11 | 2023 | +1.23% | +0.43% | View data |
| 8 | 8 Finland | 4.1 | 2023 | +7.98% | +2.26% | View data |
| 9 | 9 Germany | 3.99 | 2023 | +5.95% | +6.11% | View data |
| 10 | 10 Netherlands | 3.92 | 2023 | -0.23% | +2.93% | View data |
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