Gross disposable household income (GDHI) in the UK grew by 7.4% in 2024 when compared with 2023, says the latest data by the Office for National Statistics (ONS).
According to its annual estimates, GDHI in England grew by 7.3%, while GDHI in Wales, Scotland and Northern Ireland grew by 7.6%, 7.9% and 8.1%, respectively.
Of the countries and regions classified as International Territorial Level (ITL) 1, London had the highest GDHI per head in 2024 where, on average, each person had £36,487 available to spend or save; the North East had the lowest at £20,562, compared with a UK average of £25,965.
UK total gross disposable household income (GDHI) in 2024 was nearly £1.8 trillion. Of that, 86.3% was in England, 7.5% was in Scotland, 3.8% was in Wales and 2.4% was in Northern Ireland.
When compared with the size of each country’s population, only England had a GDHI per head above the UK average.
Gross disposable household income (GDHI) is the amount of money that all the individuals in the household sector have available for spending or saving after they have paid direct and indirect taxes and received any direct benefits.
GDHI is a concept that is seen to reflect the “material welfare” of the household sector. The household sector includes residents of traditional households, as well as those living in communal establishments. GDHI also includes the business income of self-employed people.
