Household income in the OECD area fell sharply in the second quarter of 2021, despite strong growth in GDP
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8 Nov. 2021 - Real household income per capita fell by 3.8% in the OECD area in the second quarter of 2021 following growth of 5.2% in the first quarter. The fall was driven by a sharp drop in household income in the United States, as fiscal support provided by the government during the COVID-19 pandemic began to be withdrawn. The decline in real household income per capita occurred despite the rise of 1.6% in GDP per capita across the OECD area in the second quarter of 2021, which included increases in GDP per capita in all but three OECD countries.
Real household income per capita and real GDP per capita
Percentage change on the previous quarter,seasonally adjusted data
Source: OECD Household Dashboard: cross country comparisons
> Household Dashboard for quarterly growth rates of real household income per capita and real GDP for all OECD countries (when available) and geographic groupings.
> Non-financial accounts by economic sector for the full set of non-financial quarterly sector accounts