Where did the real and higher salaries in Europe increased in 2024?

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Los The total annual salaries have increased nominal In almost all European countries in 2024, with the exception of a very low light in Finland. but, This does not take into account inflation. When consumer inflation is suitable, Real salaries decrease slightly In four countries.

Thus, what are the European countries that recorded the highest increases and real salary cuts in 2024? The numbers are based on a One worker without children that Average salaryExpressive in national currencies.

According to the “2025 tax wages” report on OECD and Eurostat data, between European Union, UK, and three members of ALC and Turkey, country candidate for adhesion, Türkiye stands out as a non -stereotype, with an increase of 82.9 % of salaries The annual nominal total in 2024 compared to 2023. This is strong height This is largely due to the high rate of inflation in the country, 58.3 %.

The biggest growth of real wages in Türkiye

However, this was enough for Türkiye will register the highest salary growth Real before taxes, with 15.5 %. On the other hand, the opposition parties and the former director of the conquests Official inflation numbers are manipulatedThis indicates that the real rate can be greatly superior.

RomaniaFollow Türkiye In both the nominal salary (20.9 %) and real (14.3 %). The low inflation rate, 5.8 %, contributed to the largest real wage increase in Romania. Bulgaria occupies the third Place of real salaries growth, with 9.2 %, driven by an increase in nominal salaries by 12 % and the rate of inflation is relatively low of 2.6 %.

The growth of real wages exceeds 7 % in eight countries

Regardless of these three countries, real salary growth exceeded 7 % in five others: Malta (9 %), Hungary (8.9 %), Latvia (8.4 %), Poland (7.8 %) and Lithuania (7.2 %). Southern European countries recorded an increase in the real salary. Italy recorded a 2.7 % increase, Greece by 1.7 %, Spain by 1.9 % And Cyprus is from 2.1 %. These numbers are higher than those in many Western Europe. However, it is still much lower than the strong growth observed in Eastern Europe.

The purchase force decreased in four countries

Among the five More European economiesItaly registered the greatest Real salary growthwith 2.7 %Followed by Germany (2.2 %) and Spain (1.9 %). The UK recorded a 1.6 % increase, while France recorded the lowest growth, with only 0.7 %.

I noticed four countries a The negative growth of real wages. This means that salaries They did not follow the rhythm of inflationTherefore, the purchase force decreased in these countries.

Belgium Record the largest decrease in real wages, with 1 % in 2024. Countries from the north, Finland (-0.9 %) e Iceland (-0.7 %), as they recorded negative growth. Luxembourg It saw a slight decrease of 0.4 % of real wages compared to 2023.

These numbers indicate Strong growth One of the real wages in Eastern Europe, while southern and central Europe has seen more moderate increases. the North countries The researcher was mostly a Real or negative growth for real salary.

Only in Finland there was a decrease in salaries

Finland was the only one of the countries in which it was analyzed The average nominal salaries decreased by 2024Nevertheless only a little, On only 14 eurosFrom 52,907 to 52,893 euros. With annual inflation by only 0.9 %, the decrease in the real resulting salary was small.

All of these changes reflect salaries before Taxes. So, Any change in Income tax for natural personsOr in the social security contributions to workers It can affect net income. According to the report, in 2022 and 2023, real wages decreased in most countries of the Organization for Economic Cooperation and Development, including Europe.

When you compare inflation rates from all over Europe in 2024, Türkiye was a non -stereotype, with an exceptionally high rate of 58.3 %As shown in the previous table. No country has recorded an enlargement greater than 6 %. These numbers reflect the average rate of the 12 -month variation in December 2024, and some are based on estimates of the Organization for Economic Cooperation and Development.

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