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The Spanish registered one of the largest falls in disposable income in the entire OECD

MADRID, 4 Ago.

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The Spanish registered one of the largest falls in disposable income in the entire OECD

MADRID, 4 Ago. (EUROPA PRESS) -

In the first quarter of 2022, Spain registered a 4.1% decrease in disposable income per head compared to the previous three months, which represents the third deepest quarterly drop among the countries of the Organization for Economic Cooperation and Development (OECD), which, on average, experienced a loss of 1.1% of disposable income, according to data from the institution.

The 'think tank' of advanced economies points out that the decline in real per capita household income in the first quarter of 2022 was due in part to increases in consumer prices, which undermined household income in real terms .

Thus, among the OECD members, the largest falls in per capita disposable income compared to the previous quarter were observed in Chile (-10.4%), as well as in Austria (-5.5%) and Spain ( -4.1%). On the contrary, the best evolution was registered in Poland (7.5%), Belgium (3.9%) and Hungary (3.7%).

Among the G7 countries, during the first quarter of 2022 disposable income per head fell by 1.9% in France and 1.8% in the United States, in addition to 1.7% in Germany. For their part, they increased by 0.3% in Italy.

Likewise, the OECD indicated that in contrast to the loss of household disposable income, GDP per capita increased by 0.2% in the first three months of the year, extending to four consecutive quarters the highest growth in GDP per capita compared to disposable income per head.

In this way, the OECD's disposable income per capita was 2.9% higher in the first quarter than the figure for the last quarter of 2019, before the Covid-19 pandemic, while GDP per head is a 1.6% higher.

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