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Record increase in household income in 2024 but inflation is taking a huge toll
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Record increase in household income in 2024 but inflation is taking a huge toll
According to the latest statistics by the National Statistics Office, real household gross disposable income per capita increased by 8.6% in 2024 compared to 3.2% in 2023. The increase aligns with other high economic and financial metrics for 2024 being a record-breaking year for the economy on various metrics. Total household consumption expenditure in 2024 was estimated at €10 billion representing increases of 9.3% in nominal and 6.0% in real …
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