Development of the average net income in the EU

Definition of Income: „The total disposable income of a household is calculated by adding together the personal income received by all of household members plus income received at household level. Missing income information is imputed.“ – Eurostat Disposable household income includes: – all income from work (employee wages and self-employment earnings) – private income from investment and property – transfers between households – all social transfers received in cash including old-age pensions Equivalence scale: „To take into account the impact of differences in household size and composition, the total disposable household…

The world’s billionaires in 2016

„There are 1,810 billionaires in the world, with an aggregate net worth of $6.5 trillion, according to the 2016 Forbes list of the world’s richest people. This is a snapshot of the countries with the most billionaire citizens, taken on Feb. 12, along with their aggregate net worth and the richest individual in each country. “ – Forbes Here are the „top 25 countries with the most billionaires“: To see the detailed tables and lists about the world’s billionaires visit: forbes.com Data source: www.forbes.com//2016/03/08/the-25-countries-with-the-most-billionaires

Tax revenue as % of GDP in 2014

Definition of Tax and Methodology: „Taxes are compulsory, unrequited payments to general government. They are unrequited in the sense that benefits provided by government to taxpayers are not normally in proportion to their payments. The OECD methodology classifies a tax according to its base: income, profits and capital gains; payroll; property; goods and services; and other taxes. Compulsory social security contributions paid to general government are also treated as taxes, and are classified under a separate heading.“ – OECD 2016 Definition of Tax revenue: „Tax revenue is defined as the…

At-risk-of-poverty rate in the EU 2014

Definition: At-risk-of-poverty „The at-risk-of-poverty rate is the share of people with an equivalised disposable income (after social transfer) below the at-risk-of-poverty threshold, which is set at 60 % of the national median equivalised disposable income after social transfers. This indicator does not measure wealth or poverty, but low income in comparison to other residents in that country, which does not necessarily imply a low standard of living.“ – eurostat – Statistics Explained „The at-risk-of-poverty rate before social transfers is calculated as the share of people having an equivalised disposable income before social transfers that is below the at-risk-of-poverty threshold calculated…