Average income

Article needs to be revised: Despite the “demarcation” (from economic per capita income ), this has obviously not succeeded systematically, possibly because it does not exist so sharply and the term “average income” is synonymous with per capita income Economy (across income types) can and will be used (as stated in the cited source laenderdaten.info). Some blunders and theory inventions have been removed, but on a systematic exposition respective missing populations , as well as a continuous occupancy of any statements.
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The average income (or average income ) cites the economic key figure as the arithmetic mean of a type of income related to the number of all recipients of this type of income.

General

To refine the informative value, the types of income differentiate according to their form, for example, in labor income or capital income , or according to the economic sectors in which income is generated, such as manufacturing , service sector and public service . The types of income are aggregated to form the total income of a sector and the arithmetic mean is calculated as the relationship number :

${\displaystyle {\text{Durchschnittseinkommen}}={\frac {\text{Gesamtbetrag aller Einkommensarten}}{\text{Anzahl aller Einkommensarten}}}\,}$.

Purpose, statistics

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Average income is used to orient economic subjects such as companies or public administrations , for example in marketing to estimate the future purchasing power potential or when comparing companies within an industry, personnel costs per employee.

They also play a major role in the statutory pension insurance for calculating earnings points by comparing personal earnings with the average earnings for a calendar year. To determine the standard pension level , the average income in addition to the standard pension is required.

The average gross income is the mean of all gross incomes of the employed. and is thus to be distinguished from per capita income , the arithmetic mean of all incomes, i.e. the gross national income , over the total population. In order to determine relative income poverty, however, the mean income is often preferred because, in contrast to the arithmetic mean, it is less sensitive to extreme values.

The average gross income in Germany in 2014 was 39,077 euros per year (3,256 euros per month). The average net disposable income in Germany was EUR 21,583 per year (EUR 1,844 per month). Disposable income describes the funds actually available to a household for consumption and saving . For this purpose, the withheld direct taxes and social security contributions are deducted from the total of all income and at the same time the state transfer payments are added.

The largest average gross monthly earnings for full-time employees achieved within the European Union , the Danes with 4,664 euros. It was followed by Luxembourg with EUR 4,246, Ireland with EUR 4,003, Sweden (EUR 3,755) and the Netherlands (EUR 3,544). Germany was in seventh place with an average of 3,380 euros. At the lower end were the south-eastern European countries of Romania with 527 euros and Bulgaria with 436 euros. In Europe , Monaco leads with 10,543 euros, followed by Liechtenstein (6,948 euros) and Switzerland (5,943 euros). Worldwide, after Monaco and Liechtenstein, Bermuda follows (6,660 euros). These figures only indicate the nominal income level and do not take into account the respective purchasing power parity .

See also

• Equivalised income

Web links

Wiktionary: average income  - explanations of meanings, word origins, synonyms, translations

Individual evidence

1. ↑ Andreas Quatember: Statistics without fear of formulas . 2008, p. 37 ( google.de [accessed on May 22, 2019]): "The average income is the income that would accrue to each individual if the entire income of all people were divided between them at the same time"
2. ↑ Länderdaten.info, Average Income Worldwide , accessed on September 1, 2018