Household income up 7.7% & expenditure up 7.6% in Q4 of 2006

Seoul--(뉴스와이어)--The average monthly income of nationwide households amounted to 3,168 thousand won per household in the fourth quarter of 2006, up 7.7 percent year on year. The real income rose by 5.4 percent from the same quarter last year.

The average monthly consumption expenditure amounted to 2,183 thousand won, an increase of 7.6 percent, or 5.3 percent rise in real expenditure. The non-consumption expenditure of nationwide households grew 14.2 percent to 397.2 thousand won. The disposable income went up 6.8 percent to 2,770.8 thousand won. The surplus value recorded 587.8 thousand won, up 4.3 percent year on year. The average propensity to consume edged down 0.5 percentage points to post 78.8 percent.

As for the year 2006, the average monthly income of nationwide households amounted to 3,069 thousand won per household, up 5.1 percent year on year. The average monthly consumption expenditure amounted to 2,120.1 thousand won, an increase of 4.2 percent, or 1.9 percent rise in real expenditure. The non-consumption expenditure of nationwide households grew 10.2 percent to 396.6 thousand won.



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