Spain is among the six countries with the greatest fall: 1.17%, which is added to that registered in the first quarter of the year
Another paradox left by the global economic outlook. While the strong rise in Gross Domestic Product (GDP), there has been a generalized collapse of the income of citizens. This is how the Organization for Economic Cooperation and Development (OECD) warns in its latest report published this Monday. And, as has been the case in recent times, Spain is not doing well and registers one of the biggest drops.
Specifically, in the second quarter of 2021, it registered a decrease of 1.17% in real income per capita per head compared to the three previous months, which represents one of the largest cuts among the countries of this’ club of economies. more advanced ‘. In reality, this is a fall that is half the registered average, which stands at 3.8% after the withdrawal of aid in the United States, but places Spain in the sixth worst record.
On average, the countries that are part of the ‘club of the most advanced economies’ experienced a 3.8% drop in disposable income per head compared to the first three months of 2021, when it had increased by 5.2%, despite the fact that the OECD GDP per capita increased by 1.6% in the second quarter of the year.
“The drop was driven by a sharp drop in household income in the United States, as the fiscal support provided by the government during the pandemic began to withdraw,” the organization explains.
In fact, Americans suffered in the second quarter of 2021 the largest drop in disposable income in the entire OECD, with a drop of 8.35% compared to the previous three months, when their wealth had increased by 11.2%.
Behind the United States, the OECD households with the greatest loss of disposable income between April and June were Greece (-4%), Hungary (-2.7%), the Netherlands (-2.1%), Ireland (-1.4%), Spain (-1.17%), Australia and the United Kingdom (-1% both), Finland (-0.6%) and Italy (-0.1%).
In the case of Spain, the fall in disposable income per head in the second quarter of 2021 adds to the 1.06% decline in the first three months of the year and represents the seventh quarterly decrease in the last eight quarters, with the The only exception to the rise of the 9.5% increase in the third quarter of 2020.
In contrast, the OECD countries that experienced the greatest quarterly increase in household disposable wealth were Chile (22.1%), following the Government’s decision to give early access to pension funds, ahead of Slovenia ( 6.2%), Poland (2.4%), Austria (2.1%), Belgium (1.9%), Norway (1.7%) and Canada (1.4%).
The real disposable income per inhabitant represents the set of incomes received, after deducting taxes and social contributions and including monetary social benefits such as the collection of unemployment. The data reveals the maximum amount that a person can spend to consume without reducing their net wealth.
On the other hand, the OECD indicated that real GDP per capita in the second quarter of 2021 remained below its level in the fourth quarter of 2019, before the start of the Covid-19 pandemic, while the real income of per capita households exceeded this level by 3.6%.
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