Household real income per capita up in the euro area and in the EU28
In the euro area, in real terms, household income per capita increased by 0.7% in the second quarter of 2017, after an increase of 0.1% in the previous quarter. Household real consumption per capita increased by 0.6% in the second quarter of 2017, after an increase of 0.2% in the first quarter of 2017.
Euro area real growth of household income and consumption per capita, % (seasonally adjusted)
In the EU28 household real income per capita increased by 0.9% in the second quarter of 2017, after a decrease of 0.4% in the previous quarter. Household real consumption per capita increased by 0.5% in the second quarter of 2017 after remaining stable in the first quarter of 2017.
EU28 real growth of household income and consumption per capita, % (seasonally adjusted)
These data come from a detailed set of seasonally adjusted quarterly European sector accounts released by Eurostat, the statistical office of the European Union and the European Central Bank (ECB). The dataset is available on the Eurostat website.
Geographical information
The euro area (EA19) consists of 19 Member States: Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland, plus the European Central Bank and European Stability Mechanism.
The European Union (EU28) consists of 28 Member States: Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom plus the EU institutions.
Methods and definitions
Household real income per capita is defined as the adjusted gross disposable income of households, in nominal terms, divided by the total population (source: National Accounts) and by the deflator (price index) of household final consumption expenditure.
Household real consumption per capita is defined as the actual final consumption expenditure of households, in nominal terms, divided by the total population (source: National Accounts) and by the deflator (price index) of household final consumption expenditure.
The compilation of the European sector accounts follows the European System of Accounts 2010 (ESA2010) and covers the
period from the first quarter of 1999 onwards.
Institutional sectors bring together economic units with broadly similar characteristics and behavior, namely: households (including non-profit institutions serving households), non-financial corporations, financial corporations, government and the rest of the world. In the latter, to measure the external transactions of the euro area / European Union, it is necessary to remove cross-border flows within the area concerned.
Eurostat’s website includes detailed annual and quarterly sector accounts of Member States of the European Economic Area and derived key indicators published around 120 days after each quarter (which also cover annual indicators such as debt-to income ratios). A subset of quarterly key indicators is published around 94 days after each quarter. Due to the conversion to euro, the growth rates of European Union aggregates may be affected by movements in exchange rates.
Revisions and timetable
A first release, focusing on data for household saving and investment rates in the euro area, is published around 94 days after each quarter.
Compared with News Release 120/2017 of 28 July 2017, the growth rate of household income per capita in real terms for the first quarter of 2017 has been revised from +0.2% to +0.1% for the EA19 and from +0.1% to -0.4% for the EU28.The growth rate of household consumption has been revised from 0.0% to +0.2% for the EA19 and has been revised from -0.2% to 0.0% for the EU28.
Source: eurostat – Household real income per capita up in the euro area and in the EU28
