Italy's Household Disposable Income Is Still Low Compared to G7 Peers

What We're Showing

The percent change in household disposable income per capita for each G7 country from 2007 to July 2024.

Japan's latest data is for January 2023.

Data comes from the OECD.

Household disposable income is defined as the a household's total income minus taxes, social security contributions, and liabilities. Figures are inflation-adjusted.

U.S. and Canadian Households Are Pulling Ahead

The U.S. and Canada saw the highest increases in average household disposable incomes from 2007 to 2024, rising by 29.5% and 23.7%, respectively—far outpacing the rest of their G7 counterparts.

Among the European G7 countries, Germany (14.9%), France (13.9%), and the UK (11.8%) experienced steady but more modest gains in disposable income over this period.

Japan recorded a minimal increase of 2.0% as of its latest available data in January 2023.

Italy stands out as the only G7 country where household disposable income has declined (-5.3%) since 2007, reflecting prolonged economic stagnation that have hampered income growth.