The table presents the yearly income of individuals (in US dollars) in 8 different European countries over a 5-year period, between 2008 and 2013, as well as the percentage growth in these years.
Overall, four countries witnessed an increase in growth (Austria, Belgium, Luxembourg, and Poland), three countries saw a decline (Greece, Italy and the United Kingdom), and only the Netherlands did not register a change.
Four countries experienced percentage growth: Austria, Belgium, Luxembourg and Poland. Among these, Poland substantially rose at 22%, from $18,000 to $22,000 in 2008 and 2013,respectively. A significant growth occurred as well In Luxembourg at 17% which made the citizens of this country to receive the highest amount of income from $30,000 in 2008 to $35,000 in 2013. Austrian’s income jumped from $24,000 to $27,000 over the period which made a 13% rate in growth. Finally, Belgium experienced the lowest increase at 12%, from $26,000 to $30,000.
Greece, Italy and the United Kingdom registered a decrease in their annual income. The Greeks experienced a slight decrease in their income from $23,000 in 2013 to $20,000 in 2008 and a rate of -13%. Italy saw almost the same growth at -12% with income shift from $25,000 to $22,000. The United Kingdom registered the lowest percentage growth at -4% (from $28,000 to $27,000.
There was only one country that stayed unchanged over the period which is the Netherlands with a yearly income of $29,000 and 0% percentage growth.
It is interesting to note that although Poland had the highest recorded growth rate in income, polish people received far lower income than the rest of their European counterparts.