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Greece Average Salaries & Expenditures
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Average Salary in Greece - Sector Comparison.
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Sector
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Net Monthly Income constant 2005 US$ (1)
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Notes
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Gross Monthly Average Income (2)
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Compulsory Deductions (3)
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Weekly Hours (4)
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Gas-Electricity-Water average income
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PPP $ 3,194
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$ 2,079
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Part-time and full-time employees, 2002.
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3,117
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euros
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35%
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38.7
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Mining-Quarrying average income
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PPP $ 2,735
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$ 1,780
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Part-time and full-time employees, 2002.
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2,514
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euros
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31%
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41.0
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Financial average income
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PPP $ 2,512
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$ 1,635
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Part-time and full-time employees, 2002.
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2,213
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euros
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28%
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39.1
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Transport-Communication average income
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PPP $ 2,089
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$ 1,359
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Part-time and full-time employees, 2002.
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1,743
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euros
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24%
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45.7
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Construction average income
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PPP $ 1,672
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$ 1,088
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Part-time and full-time employees, 2002.
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1,342
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euros
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21%
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42.0
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Manufacturing average income
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PPP $ 1,657
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$ 1,078
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Part-time and full-time employees, 2002.
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1,330
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euros
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21%
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42.3
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Real Estate average income
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PPP $ 1,584
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$ 1,031
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Part-time and full-time employees, 2002.
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1,256
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euros
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20%
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41.4
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Hotels-Restaurants average income
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PPP $ 1,116
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$ 727
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Part-time and full-time employees, 2002.
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853
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euros
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17%
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47.8
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(1)
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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.
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(2)
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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.
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(3)
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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.
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(4)
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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.
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percentage of total workforce | |
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Primary
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(1) |
Manufacturing
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Education
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Financial
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Paid Employees
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Unemployed
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2005
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12.8
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12.8
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7.1
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2.6
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63.6
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10.7
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(1) |
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Agriculture, hunting, forestry, fishing, mining, and quarrying. |
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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]. |
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129.6 (2001), 134.6 (2002), 139.2 (2003), 143.8 (2004), 148.6 (2005); |
Source: |
IMF inflation rates [d], Index: 1995=100. |
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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.
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References |
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[9]
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International Labour Organization.
Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
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[13]
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Statistics Greece.
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[a]
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Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.adjusted with inflation.
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[d]
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World Economic Outlook Database, September 2006, International Monetary Fund.
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[k]
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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.
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Other links:
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Social Security in Greece, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
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Greece Economy Overview, CIA World Factbook.
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Greece: Selected Internet Resources, U.S. Library of Congress.
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Greece: Statistics, Organization for Economic Co-Operation and Development (OECD).
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