Income inequality is a significant issue in Europe. Generally, the Western and Nordic countries have the highest levels of median disposable income, while most southern and eastern states have lower levels. I am curious to know which countries have the highest and lowest disposable income in Europe. Additionally, I would like to understand how widespread income inequality is across the continent.
The median disposable income per inhabitant in the EU ranges from €5,378 in Bulgaria to €45,310 in Luxembourg. The median disposable income for the entire EU was €19,083. Among the EU countries, Switzerland (€44,753), Iceland (€39,918), Norway (€39,206), the UK (€37,934), and Luxembourg (€45,310) had a higher median disposable income than €35,000.
When comparing the median disposable income of the four most populated EU countries, Germany had the highest income at €25,000, followed by France at €23,053, then Italy with €18,592, and finally Spain with the lowest at €16,814. The median disposable income in EU candidate countries was considerably lower at €3,000 in Albania, Turkey, and North Macedonia.
Countries with the highest and lowest disposable income in Europe, 2024
| Rank | Country | Disposable income per inhabitant (EURO) |
|---|---|---|
| 1 | Luxembourg | 45,310 |
| 2 | Switzerland | 44,753 |
| 3 | Iceland | 39,918 |
| 4 | Norway | 39,206 |
| 5 | UK | 37,934 |
| 6 | Denmark | 33,260 |
| 7 | Netherlands | 29,537 |
| 8 | Ireland | 29,060 |
| 9 | Austria | 27,844 |
| 10 | Belgium | 27,314 |
| 11 | Sweden | 26,692 |
| 12 | Finland | 26,541 |
| 13 | Germany | 25,000 |
| 14 | France | 23,053 |
| 15 | Italy | 18,592 |
| 16 | Malta | 18,155 |
| 17 | Cyprus | 17,856 |
| 18 | Spain | 16,814 |
| 19 | Slovenia | 16,544 |
| 20 | Estonia | 14,827 |
| 21 | Czechia | 12,146 |
| 22 | Portugal | 11,014 |
| 23 | Latvia | 10,258 |
| 24 | Lithuania | 10,195 |
| 25 | Greece | 9,520 |
| 26 | Poland | 8,946 |
| 27 | Slovakia | 8,819 |
| 28 | Croatia | 8,760 |
| 29 | Hungary | 6,975 |
| 30 | Romania | 5,512 |
| 31 | Bulgaria | 5,378 |
| 32 | Serbia | 4,093 |
| 33 | Montenegro | 3,796 |
| 34 | North Macedonia | 2,983 |
| 35 | Turkey | 2,752 |
| 36 | Albania | 2,523 |
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