Real household income sees first rise since Q1 2021

Real household income per capita across the OECD was up 0.2% in Q3 2022 – the first quarterly increase since the beginning of 2021.

Among G7 countries (ex-Japan, for which data were not yet available), France, Germany and Italy recorded growth in quarterly real household income, while Canada (-0.5%) and the United Kingdom (-0.6%) continued to see falls. (Outside the G7, Austria saw the highest growth at +10.1%.) Real GDP per capita grew or was flat in all G7 countries except for the UK (-0.4%).

Of the 21 OECD countries with available data, real per capita household income has now surpassed pre-COVID-19 pandemic levels in all but six (Czech Republic, Denmark, Finland, Portugal, Spain, and the UK). Among G7 countries, the strongest recovery has been in Canada (+4.1%), compared with -3.9% for the UK.

> See OECD Growth and economic well-being Q3 2022 (8 Feb 2023)

Better information sharing and inclusive multilateral dialogue can bolster the global impact of emissions reduction efforts around the world. 

» Watch OECD VIDEOS

The last two years have seen unprecedented disruptions in global supply chains. The OECD's Marion Jansen considers how supply chains can become more resilient.

» Explore all OECD PODCASTS

‌

While modern democracies may have flaws, they guarantee freedoms we take for granted. The OECD's Elsa Pilichowski considers the challenges facing democracies today.

» Read all OPINIONS