Table of Contents
Which has a higher per capita income Australia or New Zealand?
Australians are a third richer than New Zealanders. Per capita GDP (adjusted for purchasing power parity) is NZ$48,000 in Australia compared to just NZ$36,400 in New Zealand. New Zealand’s commodities have also enjoyed record returns, and its exports make up a greater proportion of GDP than do Australia’s.
How much disposable income do Australians have?
In Australia, the average household net-adjusted disposable income per capita is USD 32 759 a year, less than the OECD average of USD 33 604 a year. But there is a considerable gap between the richest and poorest – the top 20\% of the population earn nearly six times as much as the bottom 20\%.
What is disposable income in New Zealand?
average annual household income (gross) increased from $103,991 to $107,196 (up 3.1 percent) average annual household disposable income (after tax and transfer payments) increased from $83,406 to $85,853 (up 2.9 percent)
Is Australia better than New Zealand to live?
In 2019, New Zealand was ranked as the second safest country in the world. New Zealand has a lower crime rate than Australia. Plus, you won’t have to worry about any snakes!
Is disposable income in Australia increasing?
IBISWorld forecasts real household disposable income to increase by 2.5\% in 2021-22, to $1191.8 billion. Household disposable income rose strongly over the two years through 2020-21, despite the significant economic shock caused by the COVID-19 pandemic.
Who has the most disposable income?
United States
Median
| Rank | Country/Territory | 2018 median household disposable income, after taxes and transfers (PPP) |
|---|---|---|
| 1 | United States | $42,800 |
| 2 | Norway | $40,581 |
| 3 | Switzerland | $38,805 (2018) |
| 4 | Canada | $36,675 |
What is a good wage in NZ?
2020 median pay and pay ranges by job category
| Job category | Median pay | Pay range |
|---|---|---|
| Executive and general management | $85,000 | $48,000 to $195,000 |
| Government and council | $70,000 | $40,000 to $145,000 |
| Healthcare | $55,000 | $40,000 to $85,000 |
| Hospitality and tourism | $50,000 | $40,000 to $65,000 |
What is the average NZ income?
The median income in New Zealand is just under NZ$27 per hour as of mid-2021 (NZD$56,160 per annum based on a 40-hour week).
What is the average household equivalised disposable income?
In 2019, the average annual household equivalised disposable income (before housing costs are deducted) was $45,744. Household equivalised disposable income is also produced as an after-housing-cost measure.
How can I maximise my disposable income?
The easiest way to maximise your disposable income is simply to cut down on any excess spending – and save your money for something special like a holiday or a home. Be stingy where it counts. Bills, food and rent or mortgage payments are likely your biggest expenses, so this is a great place to start in cutting down your living costs.
What is the average household income per capita in New Zealand?
In New Zealand, the average household net-adjusted disposable income per capita is lower than the OECD average of USD 33 604 a year. In terms of employment, 77\% of people aged 15 to 64 in New Zealand have a paid job, above the OECD employment average of 68\%. Some 82\% of men are in paid work, compared with 72\% of women.
Is Australia more tax-free than New Zealand?
Overall Australia is more lightly taxed in that its tax/GDP ratio is around 29\% and NZs is around 32\%. But this does not mean an individual will be more highly taxed in NZ as it depends on your income and its sources. For higher income earners and for people who have a lot of investment income NZ taxes are definitely lower.