China's resident nominal disposable income up 6.2% in Q1

0 Comment(s)Print E-mail Xinhua, April 16, 2024
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An aerial drone photo taken on March 21, 2024 shows tourists appreciating cherry blossoms at the Yuantouzhu scenic spot of the Taihu Lake in Wuxi, east China's Jiangsu Province. [Photo/Xinhua]

China's per capita disposable income stood at 11,539 yuan (about 1,624.57 U.S. dollars) in the first quarter of 2024, up 6.2 percent year on year in nominal terms, data from the National Bureau of Statistics showed Tuesday.

Separately, urban per capita disposable income came in at 15,150 yuan, up 5.3 percent, while per capita income in rural areas stood at 6,596 yuan, an increase of 7.6 percent.

In terms of income sources, per capita income from wages, net income from operations and net income from property increased by 6.8 percent, 6.8 percent and 3.2 percent, respectively, in nominal terms.

During this period, the median of nationwide per capita disposable income was 9,462 yuan -- representing nominal growth of 6.4 percent year on year.

Tuesday's data also showed that China's gross domestic product grew 5.3 percent year on year in the first quarter of 2024.

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