Metadata

General description

The data give estimates of gross disposable household sector income for the UK, Wales, Welsh economic regions and Welsh sub-regions for the period 1997 to 2015.

Data collection and calculation

Gross disposable household Income (GDHI) is one of the balances drawn in the household sector of the National Accounts. The sector actually covers households, sole-traders and not for profit institutions serving households (such as universities and charities).
GDHI is an estimate of the amount of money that households have available for consumption expenditure or saving. It is equivalent to the excess of income (including earnings, pensions, investments, benefits etc) over expenditures associated with their income (tax, property ownership and the provision for future pension provision).
Estimates of GDHI presented here are consistent with the 2016 edition of UK National Accounts - The Blue Book.

Frequency of publication

Annual

Data reference periods

1997 to 2017

Rounding applied

Figures are rounded and so there may be some apparent slight discrepancies between the sum of constituent items and the totals as shown.

Statistical quality

GDHI is an estimate of the amount of money that households have available for consumption expenditure or saving. It is equivalent to the excess of income (including earnings, pensions, investments, benefits etc) over expenditures associated with their income (tax, property ownership and the provision for future pension provision).
GDHI is made up of the balance of primary incomes less the balance of secondary incomes. The balance of primary incomes are the result of individuals’ participation in the production process, for example, as employees providing labour or through the ownership of assets and/or from self-employment less primary uses which consist of property income paid, i.e. rent on land and interest paid on mortgages and other borrowing. The balance of secondary incomes are received as the result of redistribution of income, for example, pensions and benefits less secondary uses which are mainly non-discretionary payments, i.e. taxes and social contributions to National Insurance.
Estimates of GDHI presented here are consistent with the 2016 edition of UK National Accounts - The Blue Book.

Weblinks

http://www.ons.gov.uk/ons/guide-method/method-quality/quality/quality-information/economic-statistics/quality-and-methodology-information-for-regional-gross-disposable-household-income--gdhi-.pdf

Keywords

Household income

Name

Econ0092