• Household Income & Expenditure
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Title : Household Income & Expenditure Trends in the First Quarter 2009
Date : 2009-06-04 Writer : 관리자

Ⅰ. Nationwide Households (Two-person or more households)

1. Overview

The average monthly income per household amounted to 3,476 thousand won in the first quarter 2009, up 0.8 percent from the first quarter 2008. The household expenditure per household marked 2,785 thousand won in the first quarter 2009, down 2.2 percent from the first quarter 2008. The surplus per household recorded 691 thousand won in the first quarter 2009, up 14.6 percent from the first quarter 2008.

* Surplus = Income - Household Expenditure
Household Expenditure = Consumption Expenditure + Non-consumption Expenditure

< Table 1 > Average monthly income and expenditure per household

(Unit: thousand won, %)

 

Amount

Percent change

2008

2009

2008

2009

1/4

4/4

1/4

1/4

4/4

1/4

Income

3,450.1

3,404.4

3,476.2

6.5

2.9

0.8

Household expenditure

2,846.8

2,681.3

2,784.8

7.0

1.8

-2.2

- Consumption expenditure

2,214.3

2,069.9

2,137.9

6.3

1.1

-3.5

- Non-consumption expenditure

632.4

611.5

646.9

9.3

4.5

2.3

Surplus

603.4

723.0

691.3

4.4

7.0

14.6

 

2. Income

The average monthly income per household recorded 3,476 thousand won in the first quarter 2009, which grew 0.8 percent from the first quarter 2008. The real income declined 3.0 percent from the first quarter 2008.

The regular income rose 1.4 percent, whereas the non-regular income fell 8.7 percent.

< Table 2 > Average monthly income per household

(Unit: thousand won, %)

 

Amount

Percent change

2008

2009

2008

2009

1/4

4/4

1/4

 

1/4

4/4

1/4

Compo-
sition

Income

3,450.1

3,404.4

3,476.2

100.0

6.5

2.9

0.8

 

Real income

3,213.1

3,072.6

3,116.0

-

2.6

-1.5

-3.0

Regular income

3,240.9

3,247.5

3,285.1

94.5

7.1

4.1

1.4

Employee income

2,207.2

2,208.8

2,250.9

64.8

10.0

6.5

2.0

Self-employment earning

723.7

721.3

707.6

20.4

2.2

-0.8

-2.2

Income from assets

22.4

18.6

19.4

0.6

-1.5

-8.5

-13.6

Transfer income

287.5

298.8

307.1

8.8

-0.6

0.9

6.8

Non-regular income

209.3

156.8

191.1

5.5

-1.7

-17.5

-8.7

 

3. Consumption Expenditure

The average monthly consumption expenditure per household marked 2,138 thousand won in the first quarter 2009, falling 3.5 percent from the first quarter 2008. The real consumption expenditure fell 6.8 percent from the first quarter 2008.

< Table 3 > Average monthly consumption expenditure per household

(Unit: thousand won, %)

 

Amount

Percent change

2008

2009

2008

2009

1/4

4/4

1/4

 

1/4

4/4

1/4

Compo-
sition

Consumption expenditure

2,214.3

2,069.9

2,137.9

100.0

6.3

1.1

-3.5

 

Real consumption expenditure

2,056.2

1,879.7

1,916.4

-

2.5

-3.1

-6.8

Food and non-alcoholic beverages

295.8

320.7

285.6

13.4

5.8

7.8

-3.5

Alcoholic beverages and tobacco

29.7

28.3

25.7

1.2

-0.7

-1.5

-13.5

Clothing and footwear

131.1

143.9

125.8

5.9

6.6

-1.9

-4.1

Housing, water, electricity and other fuels

250.8

203.2

250.0

11.7

8.0

-11.7

-0.3

Furnishings and household equipment

64.2

79.8

64.9

3.0

-7.2

-8.9

1.1

Health

128.8

126.4

135.2

6.3

1.8

4.2

5.0

Transport

253.7

239.5

213.9

10.0

8.3

-1.2

-15.7

Communication

135.9

132.8

130.9

6.1

-0.1

-0.5

-3.7

Recreation and culture

118.1

97.0

111.2

5.2

10.9

-4.5

-5.8

Education

346.7

220.6

360.3

16.9

10.1

14.4

3.9

Restaurants and hotels

264.5

284.3

255.5

12.0

6.2

4.1

-3.4

Miscellaneous goods and services

194.9

193.3

178.9

8.4

7.7

0.6

-8.2

 

4. Non-consumption Expenditure

The average monthly non-consumption expenditure per household was 647 thousand won in the first quarter 2009, which rose by 2.3 percent from the first quarter 2008.

The expenditure for social security and interest rose 10.7 percent and 17.2 percent, respectively.

The expenditure for regular taxes and transfer between households declined 2.0 percent and 2.9 percent, respectively.

* Regular Tax: Direct Taxes such as Income Taxes, Property Taxes and Motor Vehicle Taxes

* Non-regular Tax: Inheritance Taxes, Gift Taxes and Real Estate Aquisition-related Taxes

< Table 4 > Average monthly non-consumption expenditure per household

(Unit: thousand won, %)

 

Amount

Percent change

2008

2009

2008

2009

1/4

4/4

1/4

 

1/4

4/4

1/4

Compo-
sition

Non-consumption expenditure

632.4

611.5

646.9

100.0

9.3

4.5

2.3

Regular tax

82.6

94.2

80.9

12.5

21.9

0.2

-2.0

Non-regular tax

10.4

6.4

10.5

1.6

-24.1

-42.4

0.7

Pension

81.3

82.4

84.1

13.0

7.5

4.5

3.3

Social security

72.7

78.0

80.5

12.4

12.1

14.7

10.7

Interest

55.4

62.2

64.9

10.0

19.6

16.4

17.2

Transfer between households

245.2

213.2

238.2

36.8

6.6

3.1

-2.9

Transfer to non-profit organizations

84.8

75.1

87.9

13.6

5.3

2.8

3.6

 

5. Disposable Income and Surplus

The average monthly disposable income per household was 2,829 thousand won in the first quarter 2009, rising 0.4 percent from the first quarter 2008.

The surplus went up by 14.6 percent to 691 thousand won and the surplus rate grew by 3.0%p to 24.4 percent.

The average propensity to consume, which represents the ratio of consumption expenditure to disposable income, went down by 3.0%p to 75.6 percent.

< Table 5 > Average monthly surplus and average propensity to consume

(Unit: thousand won, %, %p)

 

Amount

Percent change

2008

2009

2008

2009

1/4

4/4

1/4

1/4

4/4

1/4

Disposable income

2,817.7

2,792.9

2,829.3

5.9

2.6

0.4

Surplus

603.4

723.0

691.3

4.4

7.0

14.6

Surplus rate

21.4

25.9

24.4

-0.3p

-1.1p

3.0p

Average propensity to consume

78.6

74.1

75.6

0.3p

1.1p

-3.0p

Note) Disposable Income = Income - Non-consumption Expenditure
Surplus = Disposable Income - Consumption Expenditure
Surplus Rate = (Surplus / Disposable Income) × 100
Average Propensity to Consume: (Consumption Expenditure / Disposable Income) × 100
%p: Change from the same quarter last year

 

6. Income Quintile

※ Households are divided into quintiles according to their income without reflecting the household size, while the ratio of the income of the fifth quintile to the income of the first quintile represents the income distribution.

The higher the income quintile, the more household members and the younger household heads.

As for the first quintile, the number of household members was 2.69 persons and the age of household heads was 55.45 years. As for the fifth quintile, the number of household members was 3.71 persons and the age of household heads was 45.17 years.

The first income quintile recorded a deficit of 505 thousand won, while the fifth income quintile marked a surplus of 2,564 thousand won.

The average propensity to consume for the first income quintile and the fifth income quintile stood at 179.6 percent and 57.5 percent, respectively.

< Table 6 > Household income and expenditure by income quintile

(Unit: thousand won, %, %p)

Classification

First quintile

Second quintile

Third quintile

Fourth quintile

Fifth quintile

Number of household members

2.69 persons

3.21 persons

3.48 persons

3.61 persons

3.71 persons

Age of household head

55.45 years

47.36 years

45.70 years

45.45 years

45.17 years

 

Amount

Percent change

Amount

Percent change

Amount

Percent change

Amount

Percent change

Amount

Percent change

Income

855.9

-5.1

2,035.8

0.7

2,982.5

1.3

4,080.8

1.0

7,425.1

1.1

Consumption expenditure

1,138.8

-1.4

1,593.9

-1.8

2,022.2

-5.0

2,465.2

-4.0

3,469.4

-3.5

Non-consumption expenditure

221.9

15.6

377.1

5.8

515.8

2.1

728.0

0.7

1,391.7

0.4

Disposable income

634.1

-10.6

1,658.8

-0.4

2,466.7

1.1

3,352.9

1.1

6,033.5

1.3

Surplus

-504.7

13.2

64.9

58.8

444.5

42.7

887.7

18.7

2,564.1

8.5

Surplus rate

-79.6

-16.7p

3.9

1.5p

18.0

5.3p

26.5

3.9p

42.5

2.8p

Average propensity to consume

179.6

16.7p

96.1

-1.5p

82.0

-5.3p

73.5

-3.9p

57.5

-2.8p

Note) Disposable Income = Income - Non-consumption Expenditure
Surplus = Disposable Income - Consumption Expenditure
Surplus Rate = (Surplus / Disposable Income) × 100
Average Propensity to Consume: (Consumption Expenditure / Disposable Income) × 100
%p: Change from the same quarter last year

 

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