Minimum Wage in Greece Over €1,000 Monthly: Eurostat

Greece is now among the European Union countries where the minimum wage exceeds €1,000 per month on an annualized basis, according to the latest consolidated data from Eurostat. The data also reflects a significant surge in nominal wages over the past six years.

Following the fifth increase in the statutory minimum wage since 2022, the monthly minimum rose to €1,027 as of April, calculated over 12 months, including the two annual bonuses. This is the standard Eurostat methodology, which divides the total annual compensation across twelve months.

With this adjustment, Greece moves into the mid-tier group of EU countries where the minimum wage ranges between €1,000 and €1,500 per month, surpassing Portugal, Cyprus, and Croatia since the previous Eurostat assessment. Greece now shares this wage category with six other EU member states, including Spain, the bloc’s fourth-largest economy, and Poland, which ranks sixth in GDP among the EU27.

This marks Greece’s exit from the group of countries with a minimum wage below €1,000 per month—a category that currently includes nine of the 22 EU member states that have legislated national minimum wages. Bulgaria remains at the bottom of the list, with a minimum wage of €551 per month.

Back in 2019, Greece’s minimum wage stood at €758 per month (annualized), meaning it has since increased by €269—or 35.5%. This represents a cumulative annual increase of €3,328, equivalent to more than four additional monthly wages at 2019 levels.

Source: tovima.com