According to preliminary data, per capita disposable income in current dollars grew 2.0% to $36,531 in Québec in 2023. This is much lower than the growth rate recorded in 2022 (+5.4%).
Disposable income is an internationally recognized concept from the System of macroeconomic accounts. Disposable income is defined as the sum of all incomes received by the residents of a given territory, minus current transfers paid by them to other institutional sectors, including governments (income tax and contributions to social insurance plans) and financial corporations (contributions to defined-benefit pension plans).
Therefore, disposable income is the amount available to individuals for final consumption of goods and services and for voluntary savings.