Luxembourg had the highest average annual wage in Europe in 2023, at approximately ****** U.S. dollars when adjusting for purchasing power parity (PPP). Greece, which had an average annual salary of less than ****** U.S dollars a year, had the lowest among the countries provided in this statistic.

Average net earnings in the European Union was ****** Euros for a single person with no children in 2022, while for a couple with children who both worked it was ****** Euros. Among countries in Europe, *********** was the country with the highest net earnings in 2022, followed by *******************************. The lowest net earnings were found in Bulgaria and Romania, where a single person without children earned on average less than ***** Euros in 2022.

This dataset provides values for WAGES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Net annual earnings for a single earner family with two children in the European Union have increased from 25,434 euros in 2013 to 33,939 euros over the period from 2013 to 2023. Net earnings received a boost during the pandemic years of 2020 and 2021, in spite of gross earnings decreasing in 2020, due to reduced taxes and increased family allowances.

Germany had an average salary of 65.7 thousand U.S dollars per year in 2023, the highest among the five largest European economies. Germany has consistently had the highest wages in Europe over the last thirty years. Many countries in Europe experienced a significant decrease in their average wage level following the global financial crisis of 2008, with France and Germany bucking this trend by retaining robust wage growth. While British wages have stagnated since the crash, only surpassing their 2007 level in 2019, Italian and Spanish wages have in fact fallen, driven by the macroeconomic troubles of these countries since the Eurozone crisis.

This dataset provides values for AVERAGE HOURLY EARNINGS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In all countries in Europe, there was a significant gender pay gap when looking at average monthly earnings in 2022. This pay gap varied between countries, however, with the differences between the two countries with the highest average earnings being illustrative of this. While in ********** men earned on average ***** U.S. Dollars a month and women earned ***** U.S. Dollars (a gap of roughly ***** Euros), in *********** men earned ***** U.S. Dollars - a whole ***** U.S. dollars more than the average earnings for women, at ***** dollars.

Information on net earnings (net pay taken home, in absolute figures) complements gross earnings data with respect to disposable earnings. The transition from gross to net earnings requires the deduction of income taxes and employee's social security contributions from the gross amounts and the addition of family allowances, if appropriate. The amount of these components and therefore the ratio of net to gross earnings depend on the individual situation (marital status, number of dependent children, and level of gross earnings compared to the average salary). The figures represent the percentage change on the previous period, defined as either the annual amount or the average the last 3 years. The data is based on a widely acknowledged model developed by the OECD, where tax and benefit information is obtained from national sources.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This dataset provides values for GDP PER CAPITA PPP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The average for 2021 based on 31 countries was 24.61 percent. The highest value was in Turkey: 34.7 percent and the lowest value was in Slovakia: 19.1 percent. The indicator is available from 1963 to 2023. Below is a chart for all countries where data are available.

For the calculation of average gross wages, account shall be taken of: — gross salaries for regular payments (regular work, overtime and on-call work and allowances charged to the employer or other payers) — the number of employees calculated from the hours relating to the corresponding payments.

Data on average wages for 2020 are not comparable with the data of previous years, as this is a change in the methodology for calculating the average wage due to exceptional circumstances caused by the epidemic.
The data of previous years will be comparable to the data in 2020 as soon as possible.

Wages In the Euro Area increased to 2589 EUR/Month in the fourth quarter of 2024 from 2571 EUR/Month in the third quarter of 2024. This dataset provides the latest reported value for - Euro Area Average Monthly wage per person - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Explore the progression of average salaries for graduates in European & Eurasian Studies from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of European & Eurasian Studies relative to other fields. This data is essential for students assessing the return on investment of their education in European & Eurasian Studies, providing a clear picture of financial prospects post-graduation.

This dataset provides values for WAGES IN MANUFACTURING reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

As of 2023, the average taxation rate for a single person without children who earned an average salary in the European Union was 29.67 percent of their total earnings. For a two-earner couple without children earning an average salary it was slightly less, at 29.57 percent, while for a single person without children earning 1.67 times the average salary, the rate of taxation in the EU was 35.16%. Having children greatly reduced the average rate of taxation, with a one-earner couple with two children in the EU only paying out 15.97 percent of their gross household earnings in taxes in 2023. Tax rates in Europe are generally quite high, due to the progressive income tax systems set in place during the 20th century in many countries, which require high taxation in order to fund generous social welfare systems. Belgium was the country with the highest average rates of taxation in 2023, with a high earning single person without children subject to pay almost half of their gross household earnings out in taxes. Other countries in North-western Europe such as Germany, Denmark, and Luxembourg also top the list for highest income taxation rates in Europe, while Cyprus was the country in Europe with the lowest average taxation rates in Europe during the same period. In both Czechia and Poland, single-earner families with two children actually saw the lowest average tax rates, due to the strong pronatalist policies in these countries and tax incentives for traditional single-earner households.

Income of households by NUTS 2 region

Wages In the Euro Area increased 3.40 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Gross Domestic Product Per Capita: All Income Levels for Europe and Central Asia (NYGDPPCAPCDECS) from 1960 to 2024 about Central Asia, Europe, per capita, income, and GDP.

Graph and download economic data for Labor Compensation: Earnings: Manufacturing: Hourly for Euro Area (19 Countries) (LCEAMN01EZA659S) from 1997 to 2024 about compensation, Euro Area, earnings, Europe, hours, and manufacturing.