Spain, the OECD country that has suffered the largest drop in household income since Covid

• Crisis The OECD once again lowers growth in Spain by 2023 and warns that job creation will be nil

• Europe The ECB raises interest rates to 3%, its highest level in 14 years, despite the relaxation of inflation

Spain is the country in the Organization for Economic Cooperation and Development (OECD) in which the real income of families has fallen the most since the pandemic broke out.

The Paris-based organization has published its report on Wednesday with the latest data, which indicates that real income in our country decreased by 7.85% between the fourth quarter of 2019 and the third quarter of 2022 (latest data available) while in the OECD it

.

The real income per inhabitant indicates the total income that a household has after deducting taxes and contributions, and including social assistance and unemployment.

In short, the resources that a family has to consume.

In almost all countries, real income is already improving the figures from before the pandemic, with the exception of our country,

The OECD explains that the results of Spain and Portugal are explained by the slowness in the remuneration of families, specifically by the slow recovery of the

of households in the first days of the health crisis.

They explain that this income (which contributes a fifth of household disposable income) is associated with self-employed workers, who have performed worse than the rest of the countries, where "they did record growth after the initial slowdown linked to the pandemic".

the United Kingdom (almost 4%), Finland (1.8%), the Czech Republic and Denmark

registered lower levels than before the pandemic , with lower decreases

at 2%.

Only in the third quarter of 2022 per inhabitant family income increased by 0.2%, a timid increase but the first since the first quarter of 2021. In the 21 countries for which data is available,

, while another 12 register a fall.

In the first group are

, thanks to its aid plan against inflation and its environmental tax reform), Germany, France and Italy.

Austria was precisely the country with the greatest loss of income in the first quarter of 2022 and has quickly recovered.

In the case of Spain, in this period the decrease was 2.76%, thus adding four consecutive quarters of falls.

The decrease in resources is aggravated by inflation.

Yesterday the OECD itself published inflation data in the countries of the group, where Spain appears as one of the five countries where the rate is lowest, 5.7%, above all thanks to the Iberian exception, which has allowed energy prices go down.

According to the criteria of The Trust Project

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