4.1 C
London
Saturday, February 8, 2025

Minimum wage in Poland and the EU. Eurostat data

Must read

- Advertisement -


In January 2025, the minimum wage in the Member States of the European Union ranged from 551 euros in Bulgaria to EUR 2638 in Luxembourg. In Poland, the minimum wage was PLN 4,666 (1091 euros), which provided us with the ninth place in the ranking.

Minimum wage It applies in most European Union countries, but its level is varied. According to Eurostat data, in January 2025 its height ranged from 551 to 2638 euros per month.

The decision to establish and the minimum wage belongs to the national authorities. In January 2025, the minimum wage was in force in 22 of 27 EU Member States. The exceptions were: Austria, Denmark, Finland, Sweden and Italy.

Minimum salary in EU countries

- Advertisement -

Eurostat provided the data in force on January 1, 2025. The highest level of minimum wage per month was recorded in Luxembourg (2638 euros). They were behind him Ireland (2282 euros) i Netherlands (2193 euros). The lowest pay was in Bulgaria (551 euros), on Hungary (707 euros) and Latvia (740 euros).

In Poland, the minimum wage was 1091 euros (PLN 4,666 gross), which placed us in 9th place among EU countries.

In the study, Eurostat decided to divide EU countries into three groups due to the level of minimum wage. The border values ​​were 1,000 and 1,500 euros, so Poland was in the second group, together with, among others Spain, Lithuania and Portugal.

Compared to January 2015, the largest increase in the minimum wage in the last 10 years took place in Romania (by 14.1 percent), in Lithuania (by 13.2 percent), in Bulgaria (by 11.6 percent) and Poland (by 10.3 percent). However, the lowest growth occurred in France (by 2.1 percent) and in Malta (by 2.9 percent).

Minimum wage taking into account the price level

The EU statistical office also published data on the minimum wage expressed in the parity of purchasing power (PPS), which takes into account the differences in the price level between countries, so you can better compare the actual salary values.

In this case, three groups were also designated, and the borders were values ​​1000 and 1500 pps.

In this approach, the value for Poland amounted to 1523 PPS and it was the 7th result among EU countries. Poland was therefore found in the first group, in which there are countries with the highest indicators: Germany (1992 PPS), Luxembourg (1969 PPS) and the Netherlands (1875 PPS).

This means that despite the lower nominal amounts, Polish minimum wage allows you to buy more goods and services compared to countries where living costs are higher.

At the end of the list were Estonia (878 PPS), Latvia (902 PPS) and Bulgaria (931 PPS).

Source of the main photo: Michael Gordon/Shutterstock



Source link

More articles

- Advertisement -

Latest article