Resident Income and Consumption Expenditures in the First Quarter of 2018

I. Resident income

In the first quarter of 2018, the per capita disposable income of residents in the country was 7,815 yuan, a nominal increase of 8.8% over the same period of the previous year. After deducting price factors, the actual growth was 6.6%. Among them, the per capita disposable income of urban residents was 10,781 yuan, an increase (unless specified otherwise). , are all nominal growth of 8.0%, deducting price factors, the actual growth of 5.7%; rural residents per capita disposable income of 4226 yuan, an increase of 8.9%, after deducting price factors, the actual growth of 6.8%.

In the first quarter, the median per capita disposable income of the country’s residents was 6,580 yuan, an increase of 8.5%, and the median was 84.2% of the average. Among them, the median per capita disposable income of urban residents was 9,275 yuan, an increase of 6.6%, which was the average. The median disposable income per capita of rural residents was 3,363 yuan, an increase of 9.9%, which was 79.6% of the average.

Figure 1 Average and median disposable income of residents in the first quarter of 2018

According to income sources, in the first quarter, the per capita wage income of residents in the country was 4,450 yuan, an increase of 9.0%, accounting for 56.9% of disposable income; per capita net operating income of 1,372 yuan, an increase of 7.1%, accounting for 17.6 percent of disposable income. Per capita net property income was 643 yuan, an increase of 10.3%, accounting for 8.2% of disposable income; net income per capita transferred was 1,351 yuan, an increase of 9.2%, accounting for 17.3% of disposable income.

Second, the resident consumer spending situation

In the first quarter of 2018, the per capita consumption expenditure of the country’s residents was 5,162 yuan, a nominal increase of 7.6% over the same period of the previous year, and a real increase of 5.4% after deducting price factors. Among them, the per capita consumption expenditure of urban residents was 6,749 yuan, an increase of 5.7%, after deducting price factors. 3.4% increase; per capita consumption expenditure of rural residents was 3241 yuan, an increase of 11.0%, a real increase of 8.8% after deducting price factors.

In the first quarter, the nation’s per capita food and tobacco consumption expenditure was 1,615 yuan, an increase of 5.2%, accounting for 31.3% of the per capita expenditure; the per capita clothing expenditure was 441 yuan, an increase of 9.4%, accounting for 8.6% of the per capita consumption expenditure; Residential consumption expenditure was 1,107 yuan, an increase of 13.1%, accounting for 21.4% of per capita consumer spending; consumption expenditure per capita of daily necessities and services was 310 yuan, an increase of 11.9%, accounting for 6.0% of per capita consumption expenditure; per capita expenditure on communications and communications 676 Yuan, an increase of 4.9%, accounting for 13.1% of per capita consumer spending; per capita spending on education, culture and entertainment, 454 yuan, a decrease of 5.4%, accounting for 8.8% of per capita consumer spending; per capita health care expenditure of 424 yuan, an increase of 20.7% The per capita consumption expenditure accounted for 8.2%; per capita consumption of other supplies and services was 135 yuan, an increase of 6.3%, accounting for 2.6% of per capita consumer spending.

Figure 2 Per Capita Consumption Expenditure and Composition of Residents in the First Quarter of 2018

Table 1 Main Data of National Residents' Income and Expenditures in the First Quarter of 2018

index

Level

(yuan)

growth rate

(%)

(I) Per capita disposable income of residents in the country

7815

8.8 (6.6)

According to usual place:

Citizens

10781

8.0 (5.7)

rural resident

4226

8.9 (6.8)

Divided by income source:

Wage income

4450

9.0

Operating net income

1372

7.1

Net property income

643

10.3

Transfer net income

1351

9.2

(II) Median per capita disposable income of residents in the country

6580

8.5

According to usual place:

Citizens

9275

6.6

rural resident

3363

9.9

(III) Per Capita Consumer Expenditure of the Whole Country

5162

7.6 (5.4)

According to usual place:

Citizens

6749

5.7 (3.4)

rural resident

3241

11.0 (8.8)

According to consumption category:

Food and tobacco

1615

5.2

clothes

441

9.4

live

1107

13.1

Daily necessities and services

310

11.9

Traffic Communication

676

4.9

Education, Culture and Entertainment

454

-5.4

medical insurance

424

20.7

Other supplies and services

135

6.3

Note: 1 Per capita disposable income per capita = Per capita disposable income of urban residents* Proportion of urban population + Per capita disposable income of rural residents* Proportion of rural population.

2 The nominal growth rate of disposable income of residents per capita = (Per capita annual disposable income of residents / per capita disposable income of residents in last year -1) *100%; Actual growth rate of per capita disposable income of residents = nominal increase in per capita disposable income of residents Speed/contemporary consumer price index.

3 The per capita income of the country's residents is based on the basic data of a sample survey of more than 100,000 households across the country, and is based on a weighted sum of the number of households represented by each sample household. Due to urbanization and population migration and other factors, the suburban and rural areas in each period are divided into Changes in the demographic composition of the region may sometimes result in the growth of the country’s residents’ income exceeding the income growth rate of urban and rural residents. If the national income growth of residents exceeds that of urban and rural areas, mainly in the process of urbanization, part of the income in rural areas will be higher. High population enters urban areas, but in urban areas it belongs to lower-income groups. Their migration will reduce the income of both urban and rural residents. However, in both urban and rural areas, the income growth effect will be reflected in the growth of income of all residents.

4 The actual growth rate is in parentheses, and the other is the nominal growth rate.

5 In the Spring Festival this year and the wrong year in the previous year, some areas started late in the spring, and some residents’ education expenditure was not included in the survey period as in the previous year. This has affected the level of household consumption expenditure in the first quarter of this year to some extent.

Table 2 Main data of income and expenditure of urban and rural residents in the first quarter of 2018

index

Level

(yuan)

Nominal growth rate

(%)

(I) Per capita disposable income of urban residents

10781

8.0

Divided by income source:

Wage income

6605

7.7

Operating net income

1308

7.9

Net property income

1076

8.8

Transfer net income

1792

8.4

(II) Per Capita Consumption Expenditure of Urban Residents

6749

5.7

According to consumption category:

Food and tobacco

2099

3.2

clothes

608

8.1

live

1489

11.6

Daily necessities and services

393

7.8

Traffic Communication

863

1.0

Education, Culture and Entertainment

605

-4.3

medical insurance

506

18.2

Other supplies and services

186

5.9

(iii) Per capita disposable income of rural residents

4226

8.9

Divided by income source:

Wage income

1843

10.4

Operating net income

1449

6.5

Net property income

118

14.0

Transfer net income

816

9.5

(IV) Per Capita Consumption Expenditure of Rural Residents

3241

11.0

According to consumption category:

Food and tobacco

1030

8.8

clothes

240

11.3

live

644

15.4

Daily necessities and services

209

20.7

Traffic Communication

450

13.3

Education, Culture and Entertainment

272

-9.8

medical insurance

325

24.6

Other supplies and services

72

5.3

Notes

1, indicator interpretation

Resident disposable income refers to the sum of residents' available final consumption expenditure and savings, that is, residents can use their discretionary income, including both cash income and in-kind income. According to sources of income, disposable income includes wage income, Net income, net assets and net income.

Residents' consumption expenditure refers to all expenditures that households use to meet household daily consumption needs, including both cash consumption expenditures and physical consumption expenditures. Consumption expenditure includes food and tobacco, clothing, living, daily necessities and services, transportation and communications, and education. Culture and entertainment, health care and other supplies and services eight categories.

The median per capita income refers to the per capita income of the surveyed households who ranked all surveyed households in descending order of per capita income.

The quarterly income and expenditure data does not include the income and consumption of the self-produced part of the residents. The annual income and expenditure data includes.

2, survey method

The data on income and expenditures of residents across the country and by urban and rural areas comes from household income and expenditure surveys and living conditions organized by the National Bureau of Statistics and is released quarterly.

The National Bureau of Statistics uses a stratified, multi-stage, probabilistic sampling method that is proportional to the size of the population. It randomly selects 160,000 households in 1650 counties (cities, districts) in 31 provinces (regions, cities) of the country as a survey. Households.

According to a unified system and method, the direct investigation team sent by the National Bureau of Statistics organizes survey accounts to collect data on residents' income, expenditures, family business, and production investment. At the same time, according to a unified questionnaire, the household members and the workforce are collected. The ownership of housing and durable consumer goods, and the basic social and public services enjoyed by residents, and other survey contents. After data collection is completed, the city's county-level survey team uses a unified method and data processing program to encode, review, and enter the original survey data. Transfer basic household data directly to National Bureau of Statistics for unified summary calculation.

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