The first three months of the year were positive for the income of families in the countries that make up the Organization for Economic Cooperation and Development (OECD).

On average, the real income of households per capita increased by 0.9%, according to data released this Monday. Portugal managed to surpass the OECD average, with a rise of 6.7%.

“Real income of households per capita in the OECD increased by 0.9% in the first quarter of 2024, which compares with the increase of 0.3% recorded in the previous quarter”, is highlighted in the note sent to the newsrooms. This means that in the first three months of the year, the real income of OECD families accelerated.

Among the various countries that make up this organization — it should be noted that there is no data for all of them (only for 21 of the 38 countries) — Poland stood out. “Poland saw the largest increase (10.2%), mainly due to increases in compensation paid to workers, social benefits and property income”, highlights the OECD.

Greece, on the other hand, occupied the opposite place in the table, that is, it was the country where the real income of households per capita decreased the most, with a drop of 1.9%. And in Portugal? Here, this indicator appreciated by 6.7% in the first quarter, exceeding the average. In other words, the country managed to gain a place among the countries where the real income of families grew the most, but it is worth noting that the end of 2023 was synonymous with a decline of 0.6%.

Among the G7 countries, all recorded increases in real household income per capita in the first quarter of 2024, with Italy standing out: it recorded a rise of 3.4%, recovering from the 0.5% drop seen in the previous quarter.

“Germany also recorded a large increase in real household income per capita compared to the previous quarter (1.4% against 0.1%), partly as a result of the increase in compensation paid to workers, with Gross Domestic Product per capita also increasing”, adds the OECD.