The table below gives the information on median income per head that gained annually (in USD) in eight countries in Europe over a period of five years.
Overall, as can be seen, four countries in the European continent (Poland, Luxembourg , Belgium and Austria ) experienced a huge growth in revenues while three countries ( Greece,Italy and the UK) showed a significant decline in income growth. However, Netherlands did not see any changes for the given time period in comparison with rest of given countries.
Looking into more details, of the countries that experienced a marked improvement in annual earnings, Poland saw by far the biggest shift in yearly income starting at USD 18,000 reaching up to USD 22,000, a 22% growth in the given time period. Similarly, Luxembourg hit the chart as the second most wealthiest nation in the European region followed by Belgium reaching a comparatively higher point at 17% and 15% respectively .In 2008, whereas the figure for Luxembourg stood at USD 30,000 and has risen its income at 35,000 in 2018, Belgium’s growth in earnings per capita was USD 26,000 (2008) before it reached USD 30,000 in 2018. The lowest income among high earning nations was reported in Austria starting from USD 24,000 in 2008 increasing its wealth up to USD 27,000 in 2018.
By contrast, three countries in the table namely Greece ,Italy and the UK experienced a downward trend in revenues at 13%,12%, and 4% respectively. While Greece had to undergo the most notable negative development in terms of annual income , falling from USD 23,000 to USD 20,000 ( a 13% 0f decline) the second and third largest negative shift seen in both Italy and the UK dropping their income to 12% and 4% respectively, running the UK economy at its worst ,of the countries that hit the economy hardly . Surprisingly enough, Netherlands managed to remain the same In the process in given time.