The income of Barcelona residents increased by 12.2% in 2023

The Municipal Data Office of Barcelona City Council (OMD) has made public the report on the quarterly income of Barcelona households for the last quarter and the end of 2023.

Oliver Thansan
Oliver Thansan
13 April 2024 Saturday 16:34
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The income of Barcelona residents increased by 12.2% in 2023

The Municipal Data Office of Barcelona City Council (OMD) has made public the report on the quarterly income of Barcelona households for the last quarter and the end of 2023. In the fourth quarter of 2023, the disposable income of Barcelona households Barcelona increased by 10.6% compared to the same period in 2022. Likewise, 2023 closed with a growth of 12.2%, more than 7 percentage points above the rate recorded in 2022 (4.8%). .

Primary Income, that is, that which does not take into account the effect of the public sector, shows the same dynamic for 2023 as a whole, almost 5 points above the 2022 rate (7.4%). This income, without the effect of the public sector, grows at the same rate as Disposable income, both in this fourth quarter (10.5%) and also for the year as a whole (12.2%).

The remuneration of employees, the most stable resource over the last two years, and social benefits, with very high rates during the pandemic, have relatively similar interannual rates in the last quarter of last year (7.5% and 8 .5%), while mixed incomes (professional income and property income) show much greater dynamism (16%). For the first two resources, the dynamic for the year as a whole is similar to the quarterly one, while for mixed incomes the rate is even more positive (21.2%).

Half of Barcelona residents' resources come from salaried work (50.7%), followed by mixed incomes (30.4%) and social benefits (18.9%).

For its part, the acceleration of inflation in the last two years has led to the interest of the Barcelona City Council's OMD in knowing the current dynamics of the purchasing power of the population, as a combined effect of the nominal variation in income and the price increase. This is evidenced by the fact that nominal disposable income exceeds the level of 2019, before the pandemic, by 22%, although the improvement in the purchasing power of Barcelona households compared to that year has been more moderate, at 5%. due to high inflation.