Income gap declines to four-year low: DGBAS
CNATAIPEI--The disposable household income of Taiwan's richest families in 2012 was 6.13-times greater than the disposable income of the country's poorest, a four-year low, according to a government report.
August 18, 2013, 12:01 am TWN
The top 20 percent of households had an average disposable income of NT$1.846 million (US$61,752), an increase of 1 percent from a year earlier, while the bottom 20 percent saw their average disposable income rise 1.7 percent to NT$301,000, the report released Friday by the Cabinet-level Directorate General of Budget, Accounting and Statistics (DGBAS) showed.
On average, the disposable income of all households reached NT$924,000 in 2012, an increase of 1.7 percent from 2011. Disposable individual income was NT$286,000, an increase of 3.6 percent.
The income gap narrowed because the domestic economic growth rate stood at 1.32 percent and the unemployment situation improved in 2012, according to the DGBAS.
The government, which injected over NT$10 billion into social welfare subsidies throughout the year, has helped benefit low income families and individuals, DGBAS officials said.