The median income of Uruguayan households throughout the country stood at $79,000 at the end of the first quartertre and grew 5.2% ($ 3,912) compared to the October-December period, reported the National Institute of Statistics (INE) this Monday. For its part, the average per capita income was $28,026 (+$1,376).
At constant prices as of January 2005 (discounting inflation), the average household income stagnated in the last quarter in the interior of the country, according to INE data. In the January-March period, the estimate was $18,536, a slight improvement compared to the $18,457 of the October-December 2021 quarter. On the other hand, in Montevideo it made a greater jump, going from $25,104 to $26,305 in the last quarter. .
INE
As posted on his Twitter account by the economist Nicholas Cichevsky of CPA Ferrere, the average household income for January-March was 1.6% below the October-December 2019 level, and it is 7% below the maximum reached in 2017. In turn, he indicated that in Montevideo “the recovery accelerated and exceeded the pre-pandemic level by 1%, while in the interior it is almost 3% below.”
“A striking fact is the fact that unlike employment, which recovered faster in the interior, the average income of households recovers faster in Montevideo,” he stressed.
In Jan-Mar 2022 the #ingress real average of households was 1.6% below the level of Oct-Dec19, almost 7% below the maximum of 2017 (cyclical trend)
In MVD, the recovery accelerated and exceeded the pre-pandemic level by 1%, while in the interior it is almost 3% below pic.twitter.com/UxJamZquWC
— Nicholas Cichevski (@ncichevski) May 9, 2022
The median estimate of household income for the entire country in the first quarter of 2022 stood at $61,671which implies that el 50% of households receive an income less than or equal to that figure, according to the INE. This Vvalue was $2,495 higher than the estimated value in the previous quarter ($59,176).
Whilethe median estimate of per capita income in January-March was $24,326, which implies that 50% of households have a per capita income less than or equal to that threshold. That value was $1,132 higher than the estimated value in the previous quarter ($23,194).
