Greece has the lowest average annual salary in the EU

Greece has the lowest average annual salary in the EU
Greece has the lowest average annual salary in the EU
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Another negative first for Greece, as according to Statista data in 2022, average annual salaries in the European Union ranged from 24,067 euros in Greece to 73,642 euros in Iceland.

The Euronews Business presents Statista data (referring to the year 2022), which records that average annual salaries in the E.U. they ranged from 24,067 euros in Greece to 73,642 euros in Iceland. This is a particularly large wage gap.

According to the same source, the countries with the highest salaries in 2022 were Iceland (€73,642), Luxembourg (€72,529), Switzerland (€67,605), Belgium (€63,758) and Denmark (€59,405). Conversely, the countries with the lowest earnings were Greece (€24,067), Slovakia (€24,337), Hungary (€26,376), Portugal (€29,540) and the Czech Republic (€30,967).

Statista’s figures refer to 2022, however the situation regarding wages is worsening in our country, as a recent survey of the Confederation of European Trade Unions recorded, the wages of workers continues to decline in real terms. According to the said report, “the value of wages has fallen this year across the European Union. In contrast, corporate profits rose by almost 2% in real terms.” For Greece, real earnings growth is at 5.9%, while real wages are down 0.2%.

It is noted that according to Eurostat, the average hourly labor cost in the EU it was 30.5 euros. Also, the average annual salary for single employees without children was 26,136 euros, while employee couples with two children received an average of 55,573 euros per year.

The article is in Greek

Greece

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