Household income in NRW in current prices

Definition: The disposable income of households is obtained when the primary income of households — on the one hand, those monetary social benefits (e.g. old-age and survivors’ pensions, unemployment benefits) and other current transfers received by households mainly from the government, and — on the other hand, current transfers to be made by households themselves (e.g. taxes on income and wealth, social contributions) are deducted. Household disposable income thus corresponds to the income ultimately available to households to use it for livelihoods, social participation and savings. In order to calculate disposable income per inhabitant, the disposable income of households is divided by the number of inhabitants of North Rhine-Westphalia. The presentation as income in current prices takes place in the income level of the respective reporting year, i.e. their evidence has not been adjusted for the inflation rate. Note: A general audit was carried out in 2014. This mainly served to introduce the new European System of Accounts (ESA 2010) across Europe. ESA 2010 is based on the global new System of National Accounts (SNA 2008) and replaced the previous ESA 1995. As a result of this revision, the base year for the calculations changed from 2005 to 2010. Data source: Working Group on National Accounts of the Länder