Italy Average Salaries & Expenditures

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

Average Salary in Italy - Job and Sector Comparison.

Job  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
Airline Pilot average salary PPP $ 3,997 $ 4,316 Normal hours of work, 2005. 6,080 euros 43% 38.0
Dentist average salary PPP $ 3,051 $ 3,294 Normal hours of work, 2005. Average of general physician and dentist 4,336 euros 39% 38.0
General Physician average salary PPP $ 3,051 $ 3,294 Normal hours of work, 2005. Average of general physician and dentist 4,336 euros 39% 38.0
Professor average salary PPP $ 2,969 $ 3,206 Normal hours of work, 2005. 4,220 euros 39%
Accountant average salary PPP $ 2,580 $ 2,785 Normal hours of work, 2005. 3,550 euros 37% 38.0
Engineer average salary PPP $ 2,332 $ 2,518 Power distribution and transmission engineer, normal hours of work, 2005. 3,159 euros 36% 38.0
Flight Attendant average salary PPP $ 1,747 $ 1,886 Normal hours of work, 2005. 2,227 euros 32% 38.0
Office Clerk average salary PPP $ 1,544 $ 1,667 Normal hours of work, 2005. 1,859 euros 28% 38.0
Professional Nurse average salary PPP $ 1,509 $ 1,629 Normal hours of work, 2005. 1,817 euros 28% 36.0
Firefighter average salary PPP $ 1,447 $ 1,563 Normal hours of work, 2005. 1,719 euros 27% 36.0
Computer Programmer average salary PPP $ 1,442 $ 1,557 Insurance industry, normal hours of work, 2005. 1,713 euros 27% 37.0
Teacher average salary PPP $ 1,441 $ 1,555 Normal hours of work, 2005. 1,711 euros 27%
Carpenter average salary PPP $ 1,441 $ 1,555 Normal hours of work, 2005. 1,711 euros 27% 40.0
Physiotherapist average salary PPP $ 1,405 $ 1,517 Normal hours of work, 2005. 1,669 euros 27% 36.0
Car Mechanic average salary PPP $ 1,289 $ 1,392 Normal hours of work, 2005. 1,490 euros 25% 39.0
Postman average salary PPP $ 1,285 $ 1,387 Normal hours of work, 2005. 1,485 euros 25% 36.0
Auxiliary Nurse average salary PPP $ 1,259 $ 1,359 Normal hours of work, 2005. 1,455 euros 25% 36.0
Bus Driver average salary PPP $ 1,250 $ 1,350 Normal hours of work, 2005. 1,445 euros 25% 39.0
Wood Grinder average salary PPP $ 1,233 $ 1,332 Normal hours of work, 2005. 1,407 euros 24% 40.0
Salesperson average salary PPP $ 1,225 $ 1,322 Normal hours of work, 2005. 1,397 euros 24% 38.0
Hotel Receptionist average salary PPP $ 1,204 $ 1,300 Normal hours of work, 2005. 1,374 euros 24% 40.0
Baker average salary PPP $ 1,196 $ 1,291 Normal hours of work, 2005. 1,329 euros 22% 39.0
Furniture Finisher average salary PPP $ 1,178 $ 1,272 Normal hours of work, 2005. 1,309 euros 22% 40.0
Miner average salary PPP $ 1,145 $ 1,237 Normal hours of work, 2005. 1,257 euros 21% 40.0
Garment Cutter average salary PPP $ 1,115 $ 1,204 Normal hours of work, 2005. 1,224 euros 21% 40.0
Chambermaid average salary PPP $ 954 $ 1,030 Normal hours of work, 2005. 1,021 euros 19% 40.0
Sector              
Financial average income PPP $ 2,103 $ 2,270 Employees, 2005. 2,681 euros 32% 38.2
Transport-Communication average income PPP $ 1,762 $ 1,902 Employees, 2005. 2,182 euros 30% 40.2
Gas-Electricity-Water average income PPP $ 1,703 $ 1,839 Employees, 2005. 2,080 euros 29% 38.1
Mining-Quarrying average income PPP $ 1,627 $ 1,757 Employees, 2005. 1,987 euros 29%
Construction average income PPP $ 1,496 $ 1,616 Employees, 2005. 1,802 euros 28% 39.9
Manufacturing average income PPP $ 1,452 $ 1,567 Employees, 2005. 1,724 euros 27% 39.2
Real Estate average income PPP $ 1,442 $ 1,557 Employees, 2005. 1,713 euros 27% 37.0
Hotels-Restaurants average income PPP $ 1,179 $ 1,272 Employees, 2005. 1,310 euros 22% 41.5
 
  (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 OECD PPP exchange rates for actual individual consumption [l] 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 supplied by the Istituto Nazionale di Statistica to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions reflect the 2004 income tax rates and social security withholdings in Italy. The deductions are representative of single-earner-married-without-child status, and take into account family benefits in terms of cash transfers.
  (4) The hours by job correspond to the normal hours of work, not to the hours actually worked. 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 4.4   21.3   6.8   2.8   54.9   9.3  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

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

Population

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

Compulsory Deductions

 :  
27.3% for a single with no child, 16.9% for a single with two children, 24.8% for a one-earner married couple with no child, and 13.7% for a one-earner married couple with two children.
Source:   OECD Tax Database, 2005, combined deductions on a gross monthly salary income of 1,897 euros including family allowances in terms of cash transfers [k].
 

Vacation Time

 :  
42 days per year taken on average [f]. This corresponds to the highest number of vacation days taken amongst industrialized nations.
 

Inflation

 :  
115.3 (2001), 118.3 (2002), 121.6 (2003), 124.2 (2004), 126.8 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
0.802 (2001), 0.834 (2002), 0.852 (2003), 0.863 (2004), 0.867 (2005), 0.863 (2006), 0.856 (2007), 0.854 (2008);
Source:   OECD PPP exchange rates for actual individual consumption [l], 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

 :  
0.736 (2001), 0.789 (2002), 0.952 (2003), 1.049 (2004), 1.042 (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.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[f]   World Tourism Organization, a United Nations agency; survey of vacation days worldwide, 2000.
[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.
[l]   OECD. PPP exchange rates for actual individual consumption.
 
Other links:
Social Security in Italy, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
Italy: Statistics, Organization for Economic Co-Operation and Development (OECD).
Italy: Selected Internet Resources, U.S. Library of Congress.
Italy Economy Overview, CIA World Factbook.
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