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from https://www.visualcapitalist.com/charted-disposable-income-growth-of-g7-countries-2007-2024/

Charted: Disposable Income Growth of G7 Countries (2007-2024)Published 1
week ago on March 6, 2025
By Kayla Zhu
Article/Editing:
Niccolo Conte
Graphics/Design:
Joyce Ma
See this visualization first on the Voronoi app.

A chart showing household disposable income of G7 countries

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Disposable Income Growth of G7 Countries from 2007-2024
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Household disposable income, a key economic marker of financial
well-being and consumer purchasing power, has mostly risen across most
G7 countries since 2007, but the pace of growth varies significantly.

Even amongst some of the world’s most advanced economies, some countries
have struggled to keep up due to slow wage growth or prolonged economic stagnation.

This graphic shows the percent change in household disposable income per
capita for each G7 country from 2007 to July 2024.

The data comes from the OECD, and Japan’s latest data is for January 2023.

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


G7 Growth in Household Disposable Income Per Capita
Below, we show the change in household disposable income per capita from
2007 for each G7 country.

Year 🇩🇪 (% change) 🇮🇹 (% change) 🇫🇷 (% change) 🇨🇦 (% change)
🇯🇵 (% change) 🇺🇸 (% change) 🇬🇧 (% change)
2007 (base) 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2008 0.5 -0.9 1.0 2.1 -0.5 0.2 -1.8
2009 0.0 -3.2 1.0 3.7 -1.4 0.7 -2.5
2010 0.2 -6.5 2.6 7.1 0.1 -0.1 -0.1
2011 1.4 -6.2 3.0 7.2 -0.8 2.8 -4.4
2012 3.8 -10.8 2.4 8.1 0.0 4.1 -2.2
2013 1.6 -13.5 0.8 10.6 0.2 2.1 -3.4
2014 2.7 -13.2 1.1 11.0 0.2 3.9 0.5
2015 4.6 -12.2 2.0 13.9 -1.2 8.3 3.4
2016 6.6 -11.0 3.0 10.9 0.5 9.8 6.6
2017 8.4 -10.7 4.1 13.5 0.8 11.4 4.7
2018 10.9 -10.0 4.4 16.4 0.9 14.5 7.9
2019 11.8 -9.7 7.0 16.3 2.4 18.7 8.4
2020 11.6 -11.2 6.2 19.4 3.2 20.2 8.9
2021 11.7 -9.7 9.0 27.1 4.2 40.0 10.9
2022 13.7 -7.6 10.0 23.3 5.5 23.0 7.5
2023 12.3 -8.5 11.0 20.8 2.0 27.0 7.5
January 2024 14.4 -6.7 12.5 21.5 29.4 10.4
July 2024 14.9 -5.3 13.9 23.7 29.5 11.8


‹12›
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.

The U.S. saw particularly strong growth in 2021, when disposable income
surged 40% due to federal stimulus payments, expanded social benefits,
and wage growth from post-pandemic job recovery.

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.


Learn More on the Voronoi App
To check out more comparisons of G7 countries, check out this graphic
that visualizes the GDP per capita of G7 countries with the richest and
poorest U.S. states.

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