Households' Income and Consumption Expenditure in 2024

2025-01-18 10:00 Print| Large| Medium| Small

I. Households' Income

In 2024, the nationwide per capita disposable income was 41,314 yuan, a nominal increase of 5.3 percent over the previous year, and the real increase of 5.1 percent after deducting price factor. In terms of urban and rural areas, the per capita disposable income of urban residents was 54,188 yuan, an increase of 4.6 percent (unless otherwise specified, all growth rates mentioned are nominal), and a real increase of 4.4 percent after deducting price factors; the per capita disposable income of rural residents was 23,119 yuan, an increase of 6.6 percent, and a real increase of 6.3 percent after deducting price factors.

According to the source of income, in 2024, the per capita income from wages and salaries of residents nationwide was 23,327 yuan, an increase of 5.8 percent, accounting for 56.5 percent of the per capita disposable income; the per capita net business income was 6,908 yuan, an increase of 5.6 percent, accounting for 16.7 percent of the per capita disposable income; the per capita net income from properties was 3,435 yuan, an increase of 2.2 percent, accounting for 8.3 percent of per capita disposable income; the per capita net income from transfer was 7,644 yuan, an increase of 5.3 percent, accounting for 18.5 percent of the per capita disposable income.

In 2024, the median of the nationwide per capita disposable income was 34,707 yuan, an increase of 5.1 percent, and the median was 84.0 percent of the average. Among them, the median of the per capita disposable income of urban residents was 49,302 yuan, an increase of 4.6 percent, and the median was 91.0 percent of the average; the median of the per capita disposable income of rural residents was 19,605 yuan, an increase of 4.6 percent, and the median was 84.8 percent of the average.

Per Capita Disposable Income of Urban and Rural Residents Nationwide for 2024


II. Consumption Expenditure of Households

In 2024, the nationwide per capita consumption expenditure was 28,227 yuan, a nominal increase of 5.3 percent over the previous year, and the real increase of 5.1 percent after deducting price factors. In terms of urban and rural areas, the per capita consumption expenditure of urban residents was 34,557 yuan, an increase of 4.7 percent, and a real increase of 4.5 percent after deducting price factors; the per capita consumption expenditure of rural residents was 19,280 yuan, an increase of 6.1 percent, and a real increase of 5.8 percent after deducting price factors.

In 2024, the nationwide per capita consumption expenditure on food, tobacco and liquor was 8,411 yuan, an increase of 5.4 percent, accounting for 29.8 percent of the per capita consumption expenditure; the per capita consumption expenditure on clothing was 1,521 yuan, an increase of 2.8 percent, accounting for 5.4 percent of the per capita consumption expenditure; the per capita consumption expenditure on residence was 6,263 yuan, an increase of 2.8 percent, accounting for 22.2 percent of the per capita consumption expenditure; the per capita consumption expenditure on household facilities, articles and services was 1,547 yuan, an increase of 1.4 percent, accounting for 5.5 percent of the per capita consumption expenditure; the per capita consumption expenditure on transportation and telecommunication was 3,976 yuan, an increase of 8.9 percent, accounting for 14.1 percent of per capita consumption expenditure; the per capita consumption expenditure on education, culture and recreation was 3,189 yuan, an increase of 9.8 percent, accounting for 11.3 percent of the per capita consumption expenditure; the per capita consumption expenditure on health care and medical services was 2,547 yuan, an increase of 3.6 percent, accounting for 9.0 percent of the per capita consumption expenditure; the per capita consumption expenditure on miscellaneous goods and services was 773 yuan, an increase of 10.8 percent, accounting for 2.7 percent of the per capita consumption expenditure.

Per Capita Consumption Expenditure and Composition for 2024


Nationwide Income and Consumption Expenditure for 2024

Item

Absolute Value (yuan)

Growth Rate Y/Y (%)

(Real Increase in Brackets)

Nationwide Per Capita Disposable Income

41314

5.3 (5.1)

Grouped by Permanent Residence

Urban residents

54188

4.6 (4.4)

Rural residents

23119

6.6 (6.3)

Grouped by Income Source

Income from wages and salaries

23327

5.8

Net business income

6908

5.6

Net income from properties

3435

2.2

Net income from transfer

7644

5.3

Median of Nationwide Per Capita Disposable Income

34707

5.1

Grouped by Permanent Residence

Urban residents

49302

4.6

Rural residents

19605

4.6

Nationwide Per Capita Consumption Expenditure

28227

5.3 (5.1)

Grouped by Permanent Residence

Urban residents

34557

4.7 (4.5)

Rural residents

19280

6.1 (5.8)

Grouped by Consumption Category

Food, tobacco and liquor

8411

5.4

Clothing

1521

2.8

Residence

6263

2.8

Household facilities, articles and services

1547

1.4

Transportation and telecommunication

3976

8.9

Education, culture and recreation

3189

9.8

Health care and medical services

2547

3.6

Miscellaneous goods and services

773

10.8

Notes:

1. Nationwide per capita disposable income = per capita disposable income of urban residents * proportion of urban population + per capita disposable income of rural residents * proportion of rural population.

2. Nominal growth rate of per capita disposable income of residents = (per capita disposable income of residents in the current year / per capita disposable income of residents in the previous year - 1)100%; real growth rate of per capita disposable income of residents = (per capita disposable income of residents in the current year / per capita disposable income of residents in the previous year / per capita consumer price index of residents in the current year*100 - 1) * 100%.

3. The per capita income and consumption expenditure data nationwide is derived from a sampling survey of 160,000 households across the country, and is weighted and summarized based on the number of households represented by each sample household. Influenced by urbanization, population migration and other factors, the composition of population in different periods has changed, which sometimes leads to the phenomenon that the growth rate of some income and consumption expenditure items nationwide exceeds the growth range of corresponding income and consumption expenditure items of urban and rural residents. Especially In the process of urbanization, a segment of the rural population with relatively high incomes moves to urban areas, but belongs to lower-income groups in urban settings. Their migration exerts a downward effect on both the income and consumption expenditure of urban and rural residents to some extent. Nonetheless, whether in urban or rural areas, their growth effect is reflected in the overall income and expenditure growth of all residents.

4. In the growth column compared with the previous year, the data in brackets are real growth rates, while others are nominal growth rates.

5. The average and median income are statistics reflecting the trend of residents' income concentration. The average can not only directly reflect the overall situation, but also reflect the overall structure, which is convenient for the comparison of income levels of different groups, but also vulnerable to the influence of extreme data; the median reflects the situation of the object in the middle position, which is relatively stable and can avoid the influence of extreme data, but cannot reflect the structure.

Income and Consumption Expenditure of Urban and Rural Residents for 2024

Item

Absolute Value

(yuan)

Growth Rate Y/Y

(%)

Per Capita Disposable Income of Urban Residents

54188

4.6

Grouped by Income Source

Income from wages and salaries

32899

5.0

Net business income

6244

5.8

Net income from properties

5455

1.2

Net income from transfer

9590

4.2

Per Capita Consumption Expenditure of Urban Residents

34557

4.7

Grouped by Consumption Category

Food, tobacco and liquor

9957

4.9

Clothing

1913

1.8

Residence

8008

2.4

Household facilities, articles and services

1903

-0.4

Transportation and telecommunication

4876

8.5

Education, culture and recreation

3928

9.4

Health care and medical services

2925

2.6

Miscellaneous goods and services

1047

9.9

Per Capita Disposable Income of Rural Residents

23119

6.6

Grouped by Income Source

Income from wages and salaries

9799

6.9

Net business income

7845

5.6

Net income from properties

580

7.5

Net income from transfer

4895

7.4

Per Capita Consumption Expenditure of Rural Residents

19280

6.1

Grouped by Consumption Category

Food, tobacco and liquor

6226

5.9

Clothing

966

5.0

Residence

3801

2.9

Household facilities, articles and services

1044

5.2

Transportation and telecommunication

2702

9.0

Education, culture and recreation

2144

9.9

Health care and medical services

2012

5.0

Miscellaneous goods and services

385

12.8

Annotations:

1. Explanatory Notes

Disposable income of residents refers to the sum of final consumption expenditure and savings that residents can use, that is, the income that residents can use for free disposal, including both cash income and physical income. According to the source of income, disposable income includes income from wages and salaries, net business income, net income from properties and net income from transfer.

Consumption expenditure of residents refers to all the expenditures that residents use to meet their daily needs, including both cash and physical consumption. Consumption expenditure includes eight categories: food, tobacco and liquor, clothing, residence, household facilities, articles and services, transportation and telecommunication, education, culture and recreation, health care and medical services, and miscellaneous goods and services.

The median of the nationwide per capita disposable income refers to the per capita disposable income of residents that lies in the middle of all surveyed households ranked from low to high on the basis of per capita disposable income level.

The quarterly income and consumption expenditure data do not cover the income and consumption of the self-produced and self-used parts of residents, which are included in the annual income and consumption expenditure data.

2. Survey Methods

The national and sub urban and rural residents' income and consumption expenditure data comes from the household income and consumption expenditure and living conditions surveys organized and implemented by the National Bureau of Statistics of China, which is released quarterly.

Using a stratified, multi-stage, probability sampling method proportional to the size of population, the National Bureau of Statistics of China randomly selected 160,000 households in 2,000 counties (cities, administrative regions) of 31 provinces (autonomous regions, municipalities) as surveyed households.

According to the unified system and method, the survey organizations directly under the National Bureau of statistics of China will organize the surveyed households to record and collect the data of residents' income, expenditure, family operation, production and investment; meanwhile, according to the unified questionnaire, collect other information such as the employment of household members and labor force, the ownership of housing and durable consumer goods, and the coverage of residents' basic social and public services. After the completion of data collection, the municipal and county survey organizations use unified methods and data processing procedures to code, review and input the original investigation data, and then directly transmit the basic household data to the National Bureau of Statistics of China for unified summary and calculation.

3. Additional Description

Due to the rounding-off reasons, the subentries may not add up to the aggregate totals.