Greece Average Salaries & Expenditures

 
Contents
Average Salary per Sector   Workforce Composition   Exchange Rates
Cost of Living   References
 
 

Average Salary in Greece - Sector Comparison.

Sector  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
Gas-Electricity-Water average income PPP $ 3,194 $ 2,079 Part-time and full-time employees, 2002. 3,117 euros 35% 38.7
Mining-Quarrying average income PPP $ 2,735 $ 1,780 Part-time and full-time employees, 2002. 2,514 euros 31% 41.0
Financial average income PPP $ 2,512 $ 1,635 Part-time and full-time employees, 2002. 2,213 euros 28% 39.1
Transport-Communication average income PPP $ 2,089 $ 1,359 Part-time and full-time employees, 2002. 1,743 euros 24% 45.7
Construction average income PPP $ 1,672 $ 1,088 Part-time and full-time employees, 2002. 1,342 euros 21% 42.0
Manufacturing average income PPP $ 1,657 $ 1,078 Part-time and full-time employees, 2002. 1,330 euros 21% 42.3
Real Estate average income PPP $ 1,584 $ 1,031 Part-time and full-time employees, 2002. 1,256 euros 20% 41.4
Hotels-Restaurants average income PPP $ 1,116 $ 727 Part-time and full-time employees, 2002. 853 euros 17% 47.8
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the IMF PPP exchange rate [d] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data from Statistics Greece [13]. The average income includes the salaries and the wages of paid employees . Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions are obtained from the OECD Tax Database [k] and include the social security and the income tax. The deductions are representative of single-earner-married-without-child status.
  (4) The weekly hours are based on data supplied by Statistics Greece to the International Labour Organization [9]. The hours by sector correspond to the hours actually worked.
 
 
 
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 12.8   12.8   7.1   2.6   63.6   10.7  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
4.4 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
10.7 million (2006).
Source:   CIA World Factbook [b].
 

Compulsory Deductions

 :  
21.6% for a single with no child, 20.4% for a single with two children, 23.4% for a one-earner married couple with no child, and 22.1% for a one-earner married couple with two children.
Source:   OECD Tax Database, 2005, combined deductions on a gross monthly salary income of 1,528 euros including family allowances in terms of cash transfers [k].
 

Inflation

 :  
129.6 (2001), 134.6 (2002), 139.2 (2003), 143.8 (2004), 148.6 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
0.674 (2001), 0.688 (2002), 0.699 (2003), 0.708 (2004), 0.718 (2005);
Source:   IMF PPP exchange rates [d], euros per U.S. dollar.
 

Nominal Exchange Rate

 :  
1.115 (2001), 1.057 (2002), 0.883 (2003), 0.804 (2004), 0.803 (2005);
Source:   Interbank nominal exchange rates [a], euros per U.S. dollar.
 

Cost of Living

 :  
0.604 (2001), 0.651 (2002), 0.792 (2003), 0.881 (2004), 0.894 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References

 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[13]   Statistics Greece.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.adjusted with inflation.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
 
Other links:
Social Security in Greece, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Greece Economy Overview, CIA World Factbook.
Greece: Selected Internet Resources, U.S. Library of Congress.
Greece: Statistics, Organization for Economic Co-Operation and Development (OECD).
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