Average net earnings in the European Union was 26,136 Euros for a single person with no children in 2022, while for a couple with children who both worked it was 55,573 Euros. Among countries in Europe, Switzerland was the country with the highest net earnings in 2022, followed by Iceland, Luxembourg, and Norway. The lowest net earnings were found in Bulgaria and Romania, where a single person without children earned on average less than 9,000 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.

Luxembourg had the highest average annual wage in Europe in 2023, at approximately 89,700 U.S. dollars when adjusting for purchasing power parity (PPP). Greece, which had an average annual salary of less than 30,238 U.S dollars a year, had the lowest among the countries provided in this statistic.

The country with the highest minimum wage rate in Europe during the first half of 2025 was Luxembourg, with a minimum wage of 2638 euros. Ireland, the Netherlands, and Germany were the countries with the next highest minimum wages, all above 2000 euros a month, while Albania, Bulgaria, and Montenegro had the lowest minimum wages in the same period.

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 annual net earning for an individual in the European Union was 28,000 Euros in 2023, an increase of over 2000 Euros since 2022. The average earning figure may not represent what a normal person earns in the EU, however, as this figure is skewed by regions and individuals which earn higher amounts.

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.

European Financial Services and Insurance Wages and Salaries Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

European Wages and Salaries of Employment Services Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

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 Luxembourg men earned on average 8,027 U.S. Dollars a month and women earned 6,666 U.S. Dollars (a gap of roughly 1,350 Euros), in Switzerland men earned 7,719 U.S. Dollars - a whole 2,500 U.S. dollars more than the average earnings for women, at 5,159 dollars.

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.

Key information about European Union GDP Per Capita

• European Union Gross Domestic Product (GDP) per Capita reached 38,454.191 USD in Dec 2021, compared with 34,402.825 USD in Dec 2020.
• EU GDP Per Capita data is updated yearly, available from Dec 1999 to Dec 2021, with an average number of 33,135.176 USD.
• The data reached an all-time high of 38,454.191 USD in Dec 2021 and a record low of 16,892.743 in Dec 2000.
• CEIC calculates GDP per Capita from quarterly Nominal GDP and annual Population and converts it into USD. Eurostat provides Nominal GDP in EUR and Population. Federal Reserve Board average market exchange rate is used for currency conversions. European Union stands for EU27 excluding UK.

• In the latest reports, EU GDP expanded 1.264 % YoY in Mar 2023.
• EU Nominal GDP reached 4,140.452 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 6.144 % in Dec 2022.
• Gross Savings Rate of EU was measured at 25.835 % in Dec 2022.

European Wages and Salaries in Postal Services Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

European Wages and Salaries of ICT Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

As of 2023, the average annual wage of Germany was 48,301 euros per year, a growth of almost 6,000 Euros when compared with 2000. From 2000 until 2007, wages rose by less than a thousand euros, with wage growth accelerating mainly in the period after 2010. Comparisons with rest of the EU Within the European Union Luxembourg had an average annual salary of almost 80 thousand Euros, with Germany having an annual salary comparable to other large European Countries, such as the United Kingdom and France. In neighboring Poland, the average annual salary was just over 39 thousand U.S dollars, meaning that German’s earned, on average, 20 percent more than what their Polish counterparts did. German economy slowing in 2023 While Germany initially had one of the strongest recoveries from the 2008 financial crash and as of 2020 had the largest economy in Europe its economy has started to slow in recent years. For 2023 the German economy is contracted by 0.26 percent, and while 2024 marked a slight improvement, the expectations are that 2025 remains a year of slow growth.

European Wine Wages and Salaries Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

This statistic shows a forecast for the development of the real wages in the member states of the European Union in 2024. In 2024, the real wages in Romania are forecasted to increase by 5.9 percent compared to the previous year.

European Wages and Salaries in High (2-Digit Definition) R&D Intensive Activities Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

Annual net earnings of a single person without children grew substantially in all the largest EU economies over the period from 2000 to 2023. The Netherlands has consistently been the country where annual net earnings have been the highest over this period, with annual earnings in the country growing from 21,176 Euros in 2000, to 45,249 euros in 2023. Germany and France have similar net annual earnings from 2000 up to the global financial crisis of 2008-2009, after which the two countries diverged, with Germany's relative economic success and France's economic struggles meaning that the average earner in Germany made over 6,000 euros more per year than in France by 2023. Italy and Spain also have similar net annual earnings, with Spain having caught up with Italy before the global financial crisis, with the two countries having almost identical earnings for much of the period from 2008 to 2019. Since 2019, however, annual net earnings in Spain have taken a significant hit, lagging Italy by more than 1,000 euros a year by 2023.

European Wages and Salaries in Construction Services Share by Country (Million Euros), 2023 Discover more data with ReportLinker!