Salaries in Greece See Significant Growth Over the Past Five Years

08:41 6/11/2024 - Πηγή: iEfimerida

Workers in Greece have seen substantial salary increases over the past five years, with average wages rising between 12% and 46% in the country's largest employment sectors.

The data, released by the Labor Ministry, highlights a positive trend in the Greek job market.

The food service industry leads the way with a remarkable

46% average wage increase since 2019. Other sectors showing significant growth include rental and leasing activities (35%), building services (34%), legal and accounting activities (34%), and personal services like barbershops and hairdressers (34%).

The motor vehicle repair industry saw a 32% jump in average wages, while retail workers experienced a 30% increase.

Salaries in head office and management consulting grew by 29%, and specialized construction activities saw a 28% rise.

The food industry and computer programming sectors both recorded a 23% increase in average wages. Wholesale trade also saw a healthy 22% growth in average earnings.

While these figures paint a positive picture of wage growth in Greece, it's important to note that some sectors still report average monthly earnings below the minimum wage.

This is because the average is calculated based on all employees, including part-time workers.

The Labor Ministry data indicates that the rise in the minimum wage has played a significant role in driving overall wage growth.

The positive trend in salaries is good news for Greek workers and reflects a strengthening economy.

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