Plus
Post a job ad

How Much Does the Average European Earn?

12/11/2023

How Much Does the Average European Earn?

Over the past two years, we have witnessed how rising prices, or inflation, have significantly reduced the standard of living of Europeans. Of course, not every citizen, but here we are talking about the average citizen of the EU and Europe.

Statistics from Germany, Ireland, and other Western European countries show that several million citizens from the Balkans live there. Although politicians in that same Balkans like to boast that life has never been better, the fact is that every year those countries are left by several tens of thousands of citizens in search of a better life.

To understand the main reason for migration from the Balkans to other countries, below we present an overview of the average net salary in the countries of Europe, in euros:

Liechtenstein7046
Switzerland5522
Denmark4149
Luxembourg3699
Iceland3377
Norway3323
San Marino3237
Netherlands3145
Ireland3086
Sweden3014
Germany2831
Austria2807
United Kingdom2502
France2464
Belgium2463
Finland2366
Spain1910
Cyprus1904
Italy1740
Estonia1474
Slovenia1442
Czech Republic1423
Malta1419
Lithuania1252
Poland1252
Portugal1212
Croatia1163
Latvia1128
Greece1098
Slovakia1073
Hungary1016
Romania924
Bulgaria822
Montenegro803
Serbia726
Bosnia and Herzegovina652
North Macedonia557
Albania532
Kosovo446

Average net salary in the countries of Europe, expressed in euros

Comparison among countries:

If we look only at EU countries, the highest earnings are in Denmark, the Netherlands, Ireland, and Sweden, while salaries are the lowest in Bulgaria, Romania, Hungary, and Slovakia.

For the average salary in Denmark, the average worker in Bulgaria works 5 months, while for the average salary in Switzerland they have to work more than half a year..

When we look at the countries in the region, Slovenia and Croatia have the highest salaries, while Kosovo and Albania have the lowest. An average worker in Croatia earns in two months what an average worker in Serbia earns in three months, while in Albania four months are needed.

When we make a comparison with the countries where the largest number of our citizens live, namely Germany and Austria, the average worker in Croatia works about 2.5 months, and the average worker in Serbia almost four months.

Conclusion of this brief analysis

This analysis of average salaries provides insight into the economic differences among European countries. Differences in earnings necessarily affect citizens' quality of life, raising additional questions about the fairness and sustainability of the economic balance within the EU and beyond. It also answers the basic question of why citizens migrate to certain countries.