That is pretty disastrous. 22% over 20 years is 1% per year.
A few countries have done spectacularly well, but others have done incredibly badly (two have an actual decline over a 20 year period!).
A few countries have done spectacularly well, but others have done incredibly badly (two have an actual decline over a 20 year period!).
I can't find corresponding US numbers?
However, its not the same number at all. it is median real disposable income per head (person), whereas the the EU number is mean real income per household.
I think it is probably correct to say the UK has broadly speaking performed about as well as obvious peers such as France and Germany over the last 20 years, but its not greater performance for any of them.
This means that if countries get older, they get less working people so this number drops. This makes it difficult to draw conclusions.
An inverted population pyramid in a high-entitlement society will lead to economic collapse.
Once you remove cooked numbers and account for inflation the real growth of developed countries is very slow.