Disposable income of the household sector has increased by 7.7% in 2014 from the previous year while per capita income increased by 6.5 %. Measured in real terms, purchasing power per capita increased by 4.4%. Households’ total income increased by 7.1% between 2013 and 2014 and total expenditure (i.e. property expenditure and current transfers paid) increased by 6.2% in the same time period.
Main revisions from earlier published data are due to the inclusion of Financial Intermediation Services Indirectly Measured (FISIM) for disposable income of the household sector. This revision is in accordance with the reforms that were introduced in September 2014. The account now records interest payments and receipts on a reference rate basis. Previously, they were recorded at the effective rate, which represented the actual interest paid on loans or received on deposits.