Government hails rising wage data, but full picture tells more complex story

EconomyMacroeconomy Tags: Income, PBO
Photo via https://flic.kr/p/MsYXsT
Photo via https://flic.kr/p/MsYXsT

The issue of wages resurfaced in the public debate last week after the government launched a communication offensive and briefed the Greek media that, based on Eurostat data, incomes in Greece have significantly improved.

According to government officials, the latest Eurostat data for 2024 showed that annual incomes in Greece since 2019 have increased by 24 pct, a development that places Greece in the middle of the EU table in terms of annual earnings.

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