Residents’ disposable income up 12.9% in H1

Writer: Zhang Yu  |  Editor: Holly Wang  |  From: Shenzhen Daily  |  Updated: 2021-07-22

The per capita disposable income of Shenzhen residents reached 37,026 yuan (US$5,720) in the first half of the year (H1), up 12.9 percent year on year in real terms after deducting the price factor, according to data released by the Shenzhen survey team of the National Bureau of Statistics (NBS).

According to the source of income, the disposable income is composed of four major items – the per capita salary income, the net per capita operating income, the net per capita property income and the net per capita transfer income.

The per capita salary income of Shenzhen residents in H1 was 30,676 yuan, a nominal increase of 15.7 percent year on year. The net per capita operating income was 3,723 yuan, up 5.3 percent.

The net per capita property income stood at 4,374 yuan, an increase of 6.4 percent, while the net per capita transfer income was -1,747 yuan, compared to -1,386 yuan in the same period last year.

During the January-June period, Shenzhen residents’ per capita consumption expenditure was 22,853 yuan, an actual increase of 19.8 percent after deducting the price factor of the same period last year.

Consumer spending on the eight major consumption categories increased in varying degrees in the first half of the year. Three categories — education, culture and recreation, miscellaneous goods and services, and health care and medical services all witnessed a growth of more than 50 percent.

The H1 per capita disposable income of residents in China was 17,642 yuan, a nominal increase of 12.6 percent year on year, data from the NBS showed.

Shanghai and Beijing led per capita disposable income nationwide at 40,357 yuan and 38,138 yuan, respectively in this period.