In 2024, Bulgaria ranked 11th in Eastern Europe for average gross income, with a 6.9% real increase in per capita disposable income, driven by economic growth and higher labour productivity. Over 2024-2029, per capita disposable income is forecast to grow by 17.6%, supported by economic reforms and EU directives. However, income inequality and the gender gap persist, with the wealthiest 10% holding 28.9% of total disposable income and men earning 21.6% more than women.

In 2024, Belgium ranked fifth in Western Europe for average gross income but saw no real growth in per capita disposable income, contrasting with the 3.1% growth in 2023. Moreover, the country's productivity exceeded the regional average, though tax and social security contributions were higher. Over 2024-2029, per capita disposable income is forecast to increase by 9.7% in real terms, driven by government reforms and social benefits, with the 55-59 age group expected to remain the highest earne

In 2024, the US ranked second in average gross income among developed countries, driven by high labour productivity, but saw slower real disposable income growth of 1.4%. Over 2024-2029, per capita disposable income is forecast to increase by 11.0%, driven by government initiatives and continued productivity improvements. However, income inequality remains high, with the top 10% earning 33.0% of total disposable income, and low-income households facing greater financial strain.

In 2024, the UK ranked ninth in Western Europe for average gross income, while the country saw a 1.3% real increase in per capita disposable income. However, high, at 33.0% of gross income, may have offset these gains. Over 2024-2029, per capita disposable income is forecast to grow by 6.6%, but income inequality and the gender pay gap remain significant challenges.

In 2024, Canada's average gross income ranked 17th among developed countries, with a 2% real increase in per capita disposable income. Despite this, the tax burden was higher than the average, and income inequality remained pronounced, with the top 10% of households earning 27.3% of total disposable income. Over 2024-2029, per capita disposable income is projected to grow by 6.7%, driven by tax cuts and wage supplements, but social progress is expected to stagnate.

In 2024, Spain ranked 14th in Western Europe for average gross income, with a 3.0% real increase in per capita disposable income, a slowdown from 5.6% in 2023. Moreover, the country’s productivity level was below the Western European average, and the gender income gap persisted, with men earning 20.9% more than women. The cost of living among the lowest income decile’s grew the fastest.

In 2024, Austria ranked seventh in Western Europe for average gross income but saw a 0.4% decline in per capita disposable income, driven by higher unemployment and falling labour productivity. Over 2024-2029, per capita disposable income is forecast to grow by 9.9%, outpacing the regional average, with social protection and wage support programmes expected to enhance financial stability.

In 2024, Romania ranked 10th in Eastern Europe for average gross income, with a significant 8.0% real terms increase in per capita disposable income, driven by a reduction in unemployment and higher productivity. Over 2024-2029, per capita disposable income is forecast to grow by 20.0%, bolstered by the national digitalisation strategy. However, income inequality and the gender gap remain persistent issues, with the lowest income bracket expected to expand rapidly.

In 2024, Australia ranked 11th in terms of average gross income among developed countries, but per capita disposable income decreased by 0.6% in real terms, driven by economic slowdown and higher taxes. Labour productivity remained above the average, and the government's Stage 3 tax cuts and minimum wage increases are expected to boost income and alleviate cost-of-living challenges over 2024-2029.

The global FMCG market is projected to grow by 4.6% in current value terms to reach USD6.6 trillion. Growth is largely price led and financial concerns are weighing heavily on consumer behaviour given sustained cost-of-living pressures. Opportunities lie in emerging markets, health and wellness trends, and e-commerce. Key growth industries include soft drinks and beauty and personal care.

In 2024, the United Arab Emirates ranked second in the Middle East and Africa for average gross income, with 2.9% real growth in per capita disposable income. Despite a slowdown from 2023, the country's productivity and financial comfortability among 40% of respondents were notable. Over 2024-2029, per capita disposable income is forecast to grow by 17.5%, driven by government policies and digital skills enhancement.

In 2024, the United Arab Emirates ranked second in the Middle East and Africa for average gross income, with 2.9% real growth in per capita disposable income. Despite a slowdown from 2023, the country's productivity and financial comfortability among 40% of respondents were notable. Over 2024-2029, per capita disposable income is forecast to grow by 17.5%, driven by government policies and digital skills enhancement.

In 2024, South Africa ranked eighth in average gross income among Middle East and Africa countries, but per capita disposable income declined by 0.4% in real terms. Despite this, the country's labour productivity was notably above the regional average, and 68% of respondents expressed optimism about future financial prospects. Over 2024-2029, per capita disposable income is forecast to grow by 2.4%, driven by fiscal reforms and digital skills training.

In 2024, Tanzania saw a 2.2% increase in per capita disposable income, driven by economic growth and increasing labour productivity. Over 2024-2029, per capita disposable income is forecast to grow by 11.7%, bolstered by infrastructure projects and digital skills programmes. However, income inequality and the gender gap remain significant, with the wealthiest 10% of households accounting for 44.9% of total disposable income.

In 2024, Uganda ranked 24th in the Middle East and Africa for average gross income, with a significant decline in per capita disposable income and productivity. In addition, the minimum wage fell, exacerbating financial strain. However, the government's 2024/2025 budget, focusing on monetisation and the Parish Development Model, forecasts a 28% increase in per capita disposable income by 2029, highlighting potential for economic diversification and social mobility.

In 2024, Taiwan ranked fifth in average gross income among 22 Asia Pacific countries. The country saw a 1.7% real increase in per capita disposable income, driven by robust economic growth and rising labour productivity. However, this growth decelerated from 7.5% in 2023, influenced by the government’s minimum wage hike and other economic factors. Moreover, despite a relatively low Gini Index, significant income disparities persist, particularly between the top and bottom deciles and between gen

In 2024, Qatar ranked third in average gross income among Middle East and Africa countries, but per capita disposable income decreased by 2.5% due to falling labour productivity and a higher tax burden. Despite this, the government's Third National Development Strategy (NDS3) and budget surplus investments are expected to drive a 22.4% increase in disposable income by 2029. Furthermore, the cost of living for the highest income group grew faster, exacerbating economic disparities.

Singapore is expected to rank second in Asia Pacific for average gross income in 2024, supported by a 2.4% increase in per capita disposable income and increasing labour productivity. The government's initiatives to improve social mobility and reduce income inequality, such as the Workfare Income Supplement and Progressive Wage Credit Scheme, are expected to continue driving income growth over the forecast period.

In 2024, Saudi Arabia's per capita disposable income decreased by 1.6% in real terms, driven by falling labour productivity and tax contributions. Over 2024-2029, per capita disposable income is forecast to grow by 6.3%, supported by the Third National Development Strategy and Vision 2030 reforms. However, income inequality and poverty are expected to rise, with the wealthiest 10% of households accounting for 37% of luxury spending by 2030.

In 2024, Sri Lanka saw a 3.5% real increase in per capita disposable income, driven by economic growth and lower unemployment. However, income inequality and poverty remain significant issues, with the top 10% of households earning 21 times more than the bottom 10%. Despite these challenges, the consumer market is forecast to grow by 24.4% in real terms by the forecast period, with transport expenditure leading the way.

In 2024, the Philippines ranked 12th in average gross income among Asia Pacific countries, with a notable slowdown in per capita disposable income growth to 4.1% from 9.5% in 2023. Moreover, productivity and wage per hour remained below regional averages, highlighting the need for improvements. Over the forecast period, per capita disposable income is forecast to increase by 33%, driven by strong GDP growth and government initiatives in high-value industries.

In 2024, Myanmar ranked 21st out of 22 Asia Pacific countries in terms of average gross income, despite a 3.3% increase in per capita disposable income. The government’s supplementary allowance and increasing labour productivity helped to mitigate inflation and living costs, but income inequality and gender disparities remain significant. Over the forecast period, per capita disposable income is projected to grow by 17.7%, with the 35-39 years age group expected to become the highest earners.

In 2024, Morocco's average gross income ranked 12th in the Middle East and Africa, with a 2.7% real increase in per capita disposable income, driven by rising labour productivity and government support. Over 2024-2029, per capita disposable income is forecast to grow by 14.6%, outpacing regional averages, thanks to fiscal reforms and investments in digital skills. However, income inequality and the gender employment gap remain significant, with the wealthiest 10% holding 30.2% of total disposabl

In 2024, Ghana's average gross income was USD2,273, ranking 17th in the Middle East and Africa, with a 4.2% real increase in per capita disposable income, driven by economic growth and government initiatives. Over 2024-2029, per capita disposable income is forecast to grow by 9.5%, outpacing regional averages, but income inequality remains high, with the top 10% earning 72.9% more than women. In addition, the Northern consumer market is expected to expand rapidly, while Greater Accra will remain