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[BUSINESS] · Greece · 10 sources

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Greece records steepest 3.6% drop in real household income Q1 2026

The Organisation for Economic Co‑operation and Development (OECD) reported that real per‑capita household income in Greece fell by 3.6% in the first quarter of 2026, the largest decline among the 21 member economies that provided data. The overall OECD average rose modestly by 0.2% in the same period. The Greek contraction was driven mainly by lower property‑related earnings and a cut in social‑benefit transfers, which reduced households’ purchasing power.

Thirteen of the 21 OECD countries posted a rise in real household income, while eight recorded a fall. Austria posted the second‑largest drop at 2.8%. By contrast, Hungary saw a 6.0% increase and Chile a 4.8% rise, reflecting stronger wage growth in those economies. Within the G7, Italy’s household income grew by 0.8%, whereas the United Kingdom’s fell by 0.8%.

These figures highlight a widening gap between macro‑economic indicators and the disposable income of Greek families, underscoring the pressure from inflation and reduced net asset earnings on the country’s standard of living.

Entities

Akis Skertsos · Austria · Chile · Euro 4 · European Union · Eurostat · Greece · Greek Ministry of Labour and Social Affairs · Greek households · Greek pensioners · Hungary · Organisation for Economic Cooperation and Development

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