Disposable income

According to preliminary data for 2022, per capita disposable income in current dollars grew 7.4% in Québec as a whole. In real terms, meaning when price variations are excluded, disposable income was up by 1.8%. 

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.