Real incomes in OECD countries grew by 0.7% in the first quarter

Real incomes of the population of the most developed countries, members of the Organization for Economic Cooperation and Development, in the first quarter of 2018 increased by 0.7% compared to the previous quarter, when growth was 0.4%. At the same time, the growth rates of the incomes turned out to be higher than the rates of economic development - the GDP growth per capita in these countries increased by 0.4%. The OECD report notes that the dynamics of income between different countries are significantly different. Among the countries that make up the G7, where revenue growth accelerated from 0.2% to 0.6%, the most significant acceleration was recorded in Germany, in the United Kingdom and in the United States. In the euro area, real incomes rose by 0.1%, in the EU, on the contrary, they decreased by 0.1%.

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