Las Gross annual salary increased on nominal basis In almost all European countries by 2024, except for the lack of light in Finland. However, It does not take into account inflation. When they match consumer prices in inflation, Real salary slightly decreases In four countries.
Thus, in 2024, which European countries recorded the highest increase and actual salary cuts? Statistics are based on A A single worker who is not children That Mean salaryExpressed in national currencies.
According to the ‘Taxation Wage 2025’ report on the OECD and Eurostat data, three members of the United Kingdom, AELC and Turkey, the country’s candidate for adhesion, Durgay stands as a different case, an increase of 82.9% salary Annual nominal total in 2024 compared to 2023. This is the strongest hike This is often due to the country’s highest inflation rate, 58.3%.
The biggest growth of actual wages occurred in Turgie
In spite of that, this was enough Turkey will record high pay growth Real before the lines, with 15.5%. On the other hand, the opposition parties and the former director of Turkstat have confirmed that Official inflation statistics are handledIt suggested that the actual rate would be significantly higher.
RomaniaHe followed Turkey Nominal salary (20.9%) and actual (14.3%). The low inflation rate, 5.8%, contributed to the largest increase in real wages in Romania. Bulgaria is in third place With the real salary growth location, 9.2%, the nominal salary increase is 12%and the relatively low inflation rate is 2.6%.
The growth of real wages exceeded 7% of eight countries
Apart from these three countries, actual salary growth has exceeded 7% of another five: Malta (9%), Hungary (8.9%), Latvia (8.4%), Poland (7.8%) and Lithuania (7.2%). Countries of Southern Europe have registered a moderately real salary. Italy 2.7%, Greece 1.7%, Increase recorded, Spain is 1.9% And Cyprus 2.1%. These statistics are higher than most of Western Europe. However, they are less than the stronger growth in Eastern Europe.
Less than the power to buy in four countries
In five The biggest European economiesItaly recorded the largest Actual salary growthA 2,7%It is followed by Germany (2.2%) and Spain (1.9%). United Kingdom recorded an increase of 1.6% France recorded the lowest growth, only 0.7%.
Four countries noticed Negative growth of actual wages. This means salary They do not follow the rhythm of inflationSo the purchase power in these countries is minimal.
Belgium The biggest downside on real wages was recorded, with 1% in 2024. Two nordic nations, Finlandia (-0,9%) e Iceland (-0.7%), they also recorded negative growth. Luxemburg It experienced a slight decrease of 0.4% of the actual wage compared to 2023.
These figures indicate Strong growth True wages in Eastern Europe, South and Central Europe were experiencing high moderate increases. The Nortic states And Benus often registered a Real or negative actual salary development.
In Finland only had a decrease in salary
Finland was the only one of the analyzed countries Nominal Average Salary is at least by 2024Although only slightly, In just 14 euros52,907 to 52,893 euros. The annual inflation was only 0.9%, resulting in a minimalist for actual salary.
All these changes reflect the salary before this Line. So,, Any change In Income tax of natural personsOr in the contribution of workers’ social security Will affect net income. According to the report, in most OECD countries, including Europe, real wages have declined in 2022 and 2023.
Turkey is a different case, compared to inflation rates from all over Europe by 2024, with the exceptionally higher rate 58,3%As shown in the previous table. No other country has registered inflation more than 6%. These figures reflect the average variation rate of 12 months by December 2024, and some are based on some OECD estimates.
