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What is the average monthly net wage in European countries? - Answers

Questions answered : 962||Last updated on : September 24th, 2018 At 09:30am (ET)

What is the average monthly net wage in European countries?

European Union Map - Average Annual Net Wage

Luxembourg, at €38,800.85, has the highest average annual net wage (the year 2016) in the European Union, for a single person, without children.

The monthly minimum wages disparity is significant with Luxembourg recording the highest at €1,999 and Albania the lowest at €181

Average monthly minimum wages in European Countries:

Rank Country Average Monthly Minimum Wage (EURO)
1 Luxembourg 1,999
2 Ireland 1,563
2 Belgium 1,563
3 Netherlands 1,552
4 Germany 1,498
5 France 1,480
6 The United Kingdom 1,397
7 Spain 826
8 Slovenia 805
9 Malta 736
10 Greece 684
11 Portugal 650
12 Poland 473
13 Estonia 470
14 Turkey 443
15 Croatia 442
16 Slovakia 435
17 The Czech Republic 420
18 Hungary 413
19 Lithuania 380
19 Latvia 380
20 Romania 319
21 Montenegro 288
22 Serbia 253
23 Macedonia 240
24 Bulgaria 235
25 Albania 181

The United States equivalent wage is €1,101. Austria, Finland, Italy, Cyprus, Sweden, and Denmark have not been included as they don’t have a national minimum wage.

The average net annual wage for countries of the European Union:

Rank Country Average Annual Wage (EURO)
1 Luxembourg 38,800.85
2 United Kingdom 37,995.26
3 Austria 35,369.62
4 Denmark 34,878.05
5 Netherlands 34,825.82
6 Sweden 33,919.60
7 Finland 30,324.13
8 Poland 30,255.79
9 Germany 28,848.03
10 Ireland 28,740.78
11 Belgium 27,572.89
12 France 26,978.48
13 Italy 21,106.33
14 Spain 20,998.93
15 Malta 16,924.35
16 Greece 14,976.99
17 Portugal 12,691.52
18 Slovenia 12,175.93
19 Czech Republic 8,940.56
20 Croatia 8,841.63
21 Slovakia 8,381.10
22 Latvia 7,218.00
23 Hungary 6,702.39
24 Lithuania 6,651.85
25 Romania 5,119.04
26 Bulgaria 4,333.93

Luxembourg continues to lead in the annual net wages for singles without children category; Bulgaria records the lowest at €4,333.93.

The wage difference has led to the migration of people from lower income countries to higher income regions within the EU and has been the source of stress among EU members.

In December 2017, the unemployment rate in EU (28 members) was 7.3%. This was the lowest rate recorded since 2009. Among EU member states, Czech Republic (2.3%), Germany (3.6%), and Malta (3.6%) recorded the lowest unemployment rate, while the highest unemployment rate recorded was by Greece (20.6%) and Spain (16.4%).

Between October 2016 and October 2017, the unemployment rate fell maximum in Greece, from 23.3% to 20.7%, Croatia from 12.5% to 10.0%, Portugal from 10.2% to 7.8%, and Spain from 18.5% to 16.4%.

The unemployment rate in the United States was 4.1% in December 2017, down from 4.7% in December 2016.

In December 2017, 3.654 million youth under 25 years in the EU (28 countries) were unemployed. The rate of unemployment stood at 16.1% in December 2017, down from 18.0 in December 2016.

Visit the following to learn more about the European Union:

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