The average gross salary in Greece was up by 7.2% in 2024, reaching €1,342 compared to 2023, according to an annual report by the ERGANI system. Notably, the rise marks a 28.3% increase since 2019 when the average monthly gross wage amounted to €1,046.
For the first time since the ERGANI annual reports began in 2013, the majority of employees (53.7%) earn over €1,000, compared to 46.3% in 2023 and 36.3% in 2019. Full-time employment reached 76.4%, up 1.6% from 2023 and 7.2% from 2019.
In 2024, there were 312,000 more employees than in 2023, reflecting a 4.1% increase (2,390,157 workers compared to 2,296,845 in 2023). The rate of job growth doubled compared to the 2022-2023 period, with 93,312 additional workers compared to 47,246 in the previous year.
The gender employment gap narrowed to 3.7 percentage points in 2024, down from 4.08 percentage points in 2023 and 6.74 percentage points in 2019. Meanwhile, the number of employees aged 15 to 29 reached 469,634 in 2024, representing an increase of 12,137 workers (a 2.6% rise) from 2023 and 61,456 workers (a 15% rise) from 2019.
Minister of Labor and Social Security Niki Kerameus remarked on the report: “The ERGANI Report for 2024 proves that our initiatives to raise wages and boost employment are yielding results.”
Despite the encouraging numbers in the report, Greece ranks last among Eurozone member states in a metric that is considered a more accurate account for the standard of living, namely, the purchasing power of wages, which measures the average full-time adjusted salary in Purchasing Power Standards (PPS).
According to this metric, Greece ranks below Bulgaria, with a GDP per capita at 68% of the EU average and an average full-time wage even lower at 54% of the EU average.
The “adjusted” wage accounts for both salary levels and working hours per country, converting part-time wages into full-time equivalents. This approach was adopted as part-time work is becoming more prevalent in the EU, aiming for a more representative indicator than simple wage averages.
Ergani is an online system allowing employers to register themselves and their employees with Social Insurance Services electronically.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek PM Appeals for Calm, Says Santorini Phenomenon ‘Complex’
The Greek government announced daily public briefings on Santorini quake activity to reassure citizens
Greek Finance Minister Presents Measures to Tackle Private Debt
A permanent compensation mechanism is being established for those affected by the collapse of the insurance company "Aspis Pronoia," thus resolving outstanding life insurance compensation claims
Athens International Airport: Passenger Traffic Up 14.5% in January
Notably, in 2024, Athens’ main airport entered the top 10 European airports for the first time in its history, according to Eurostat
Yannis Papachristou Appointed New HCAP CEO
Papachristou, born in Greece in 1970, began his academic journey at the National Technical University of Athens, where he studied Chemical Engineering
A Glimpse at Santorini’s Past: Ancient Quakes, Timeless Wonders
While Santorini’s volcanic nature continues to shape its landscape, it has also granted the island an extraordinary history and cultural legacy
AADE Targets Airbnb Rentals with Audits and Fines
For cases of late submission of the declaration, an administrative fine of 100 euros is imposed.
Greek Government Announces Emergency Electricity Bill Subsidies for February
Greek government announces emergency subsidies for February to combat rising energy costs.
Seismic Activity in Santorini Raises Concerns for Tourism
So far, major international media outlets have not reported or provided assessments regarding the immediate impact on the island’s tourism activity in terms of bookings or cancellations.
TERNA ENERGY: Masdar’s Public Offer at the Upper End of Valuation Range
TERNA ENERGY’s Board of Directors, in its reasoned opinion, notes that the company’s valuation range is between €11.9 and €21.5 per share, while Masdar’s offer stands at €20 per share.
AEGEAN Airlines Adds Extra Flights to Santorini Amid Ongoing Seismic Activity
As reported, the Blue Star Chios ferry, departed from the Athinios port for Athens, fully booked, in the early hours of Monday
