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Economy

Update: China's resident nominal disposable income up 5.1 pct in Q1

April 18, 2023


Abstract : China's per capita disposable income stood at 10,870 yuan (about 1,579.6 U.S. dollars) in the first quarter of 2023, up 5.1 percent year on year in nominal terms, data from the National Bureau of Statistics showed Tuesday.

Tea-picking workers harvest tea leaves at a tea garden in Maoping Town of Zigui County, central China's Hubei Province, April 1, 2023.(Photo by Wang Huifu/Xinhua)

BEIJING, April 18 (Xinhua) -- China's per capita disposable income stood at 10,870 yuan (about 1,579.6 U.S. dollars) in the first quarter of 2023, up 5.1 percent year on year in nominal terms, data from the National Bureau of Statistics showed Tuesday.

After deducting price factors, per capita disposable income rose 3.8 percent from the previous year.

Separately, urban per capita disposable income came in at 14,388 yuan, up 4 percent in nominal terms and 2.7 percent in real terms, while income in rural areas stood at 6,131 yuan, up 6.1 percent in nominal terms and 4.8 percent in real terms.

Tuesday's data also showed that China's gross domestic product expanded 4.5 percent year on year in the first quarter of 2023.

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