Over the past five years, real household disposable income (HDI) growth averaged 1.4% p.a. HDI growth declined by 4.5% y/y in 2020 but recovered by -5.6% y/y in 2021. The weak growth numbers in 2020, resulted form the lockdown measures due to Covid-19, although HDI growth already started to lose momentum in mid-2018. Real HDI growth is forecast to amount to 2.4% in 2022, and to average around 3% p.a. during the period 2023-2027.
Subscribers to EasyData can download the complete report in PDF format on www.easydata.co.za.