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Income
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EconomyMacroeconomy
Wages index rises by 5.5 pct YoY in Q4, records first quarterly drop since Q3 2021 Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q4, rising by 5.5 percent year-on-year (YoY), thought it slowed down from an upwards revised 6.3 percent in the third quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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Economy
Labour database shows 8 in 10 workers earn less than 1,200 per month The annual edition of data from Ergani, the Labour Ministry’s database, gives a good snapshot of Greek entrepreneurship and economic activity as well as details about the earning capacity of workers.
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EconomyMacroeconomy
Wage growth continues for sixth quarter, up 5.9 pct YoY in Q3 Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q3, rising by 5.9 percent year-on-year (YoY), from an upwards revised 5.6 percent in the second quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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EconomyMacroeconomy
Wages growth slows to 4.3 pct YoY in Q2 Greece’s seasonally adjusted (SA) Wages Index maintained a solid growth trend in Q2, rising by 4.3 percent year-on-year, although it slowed from an upwards revised 6.3 percent in the first quarter of 2023, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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Society
Workers lost almost 9 pct of real income last year, research shows The Greek economy’s debt legacy issues have been lasting despite some progress in the last few years and they were once again captured in the latest annual report published by the research arm of Greece’s largest union GSEE.
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EconomyMacroeconomy
Disposable income rises by 11.3 pct in Q1, saving rate negative for successive quarters Household disposable income increased by a solid 11.3 percent year-on-year (YoY) in Q1 this year, from 10.9 percent in Q4 of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.
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EconomyMacroeconomy
Wage rises become top issue but trajectory lined with obstacles Wages in Greece have featured prominently in this summer's election campaign as, in the midst of the cost-of-living crisis, there is a wider recognition by the leading parties that earnings in Greece need a boost.
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EconomyMacroeconomy
Wages index grows by 5.5 pct in Q1, slows from previous quarter Greece’s seasonally adjusted (SA) Wages Index kept the strong growth territory rising by 5.5 percent year-on-year, from an upwards revised 8.8 percent in the last quarter of 2022, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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EconomyMacroeconomy
Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI The Labour Ministry has presented the updated data of wages in the labour market, after the incorporation of the latest rise in the minimum wage to 780 euros per month, effective April 1.
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EconomyMacroeconomy
Disposable income rises by 10.9 pct in Q4 Household disposable income increased by a solid 10.9 percent year-on-year (YoY) in the fourth quarter (Q4) of 2022, from a 10.2 percent rise in the third quarter (Q3), according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday.