-
Energy drives import price drop of 2.1 pct YoY in July
-
Wages grew by 8.7 pct YoY in Q2 thanks to strong seasonal hires
-
Car sales record modest rise in August, up 3.3 pct YoY in 8M
-
Electricity drags industrial production down by 0.5 pct YoY in July
-
August CPI moderates sligthly to 2.9 pct YoY, rents climb by 10.9 pct
-
Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
Data underlines Greece still has big wage gap to bridge
The issue of Greeks’ wages and spending power has become a thorn in the government’s side - aside from some data and research that place Greece at the bottom of EU tables in terms of real wages and purchasing power parity, the current administration has repeatedly pledged a rise of the average wage in Greece to 1,500 by the end of the term, currently standing just above 1,200 euros.
The Greek authorities have realised that the rises in the minimum wage that started in 2019 under the previous SYRIZA government and continued during this administration’s first term only had a narrow effect on overall earnings. The increases only apply...
You need a subscription to access our analysis. Please choose one of the packages available.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €530 per year.
€530.00