European Mean Equivalised Net Income (Before Social Transfers Excluding Pensions) of Households with a Single Person with Dependent Children by Country

In 2023, Luxembourg led European countries with the highest mean equivalised net income before social transfers, excluding pensions for single-person households with dependent children at €39.29 thousand, followed by Switzerland and Iceland. Countries like Macedonia and Montenegro had the lowest incomes. Significant year-on-year increases were noted in Romania, Bulgaria, and Hungary, whereas declines were observed in Ireland, Slovakia, and Montenegro. The five-year compound average growth rate showed a stable upward trend, with Eastern European nations experiencing faster income growth.

Trends to watch include the potential impact of economic policies and inflation on income distribution, especially in nations with lower growth. Additionally, shifts in social welfare policies could further impact disposable income levels of vulnerable households across Europe.