The median was lower however at 899 per week the abs. While the average household earns just over 116 000 per annum the top 1 in 5 earn more than twice this exceeding 280 000 and the bottom 1 in 5 take home around one fifth of the average a little over 24 000.
59 4 percent of australians were in the wealth range between 100 000 and one million u s.
Australian income distribution graph. Estimates for 2003 04 and 2005 06 have been. The average income of the top 10 of income earners is almost 9 times higher than that of the bottom 10 in up from a ratio of 8 to 1 in the mid 1990s. Distribution of net oda indicator.
584 7 least developed countries million us dollars 2019. Individual labour earnings have increased by around 38 per cent on average while final equivalisedhousehold income which s. Twelve times more than the bottom 20 who are left with just 4 of australia s income.
The average also flatters the situation for the typical australian the median smack bang in the middle of the income distribution. Oda grant equivalent of gross national income 2018 2019 australia red dac countries black. Just 6 3 percent of australian adults had wealth of over one million u s.
Graph 1 weekly household income australia 1994 95 to 2015 16 a footnote s. The average household gross income is 116 584 however the top 20 of households earn 48 of all income. The authors found that australia experienced strong income growth across all parts of the distribution over the 20 year period to 2009 10.
That leaves the middle classes 60 of australia s population with the other 48 of earnings. In this period a number of differing trends in distribution are found. Inequality has increased since the 1990s as in many other oecd countries.
A survey of income and housing data was collected in labelled years b estimates presented for 2007 08 onwards are not directly comparable with estimates for previous cycles due to the improvements made to measuring income introduced in the 2007 08 cycle. Income inequality in australia is similar to the oecd average with a gini coefficient of 0 326 in 2012. The context for any analysis of australia s income distribution over the last 20 years is the widespread increases in real incomesdriven by the growth in the australian economy.
Of gross national income 2019 australia of gross national income. This infographic of annual household income by quintiles 20 categories each comprising around 2 million of australia s 10 million households shows the spread of total earnings. Across the oecd this ratio is 9 6 1 on average.
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