Average Salary in European Union 2017

For the fourth year in row I'm publishing my humble observations on average salary changes in European Union. In this article I've decided to compare average salary in 2017 with 2014. 

For previous archives see: Average salary in EU: 2016, 2015, 2014

I wouldn't call bellow written a scientific research, as most of the data in this article are taken from Wikipedia's article List of European countries by average wage. To make it more interesting I've added year of 2014  as a reference and made some simple calculations in Google Sheets. Data provided bellow might not be 100% accurate but they should give an overall insights on average salary levels across European Union member countries.

Average salary in European Union member countries 2017

If compared to 2014, average median salary has increased for about 2.02% during the past three years. Average salary in EU as of 2017 stands at EUR 1,520 monthly what is up from EUR 1489 in 2014

Now, there is a new leader with most average salary in Denmark (EUR 3,095) overtaking longtime leader Luxembourg and leaving it on second place with EUR 3,095 monthly. Speaking of the bottom end Bulgaria and Romania takes the last places with average salary in EU, (EUR 406 and EUR 515, respectively).

Average salary in European Union 2017

Average salary in European Union 2017

The gap between richest (Denmark) and poorest (Bulgaria) is 7.6. Which actually is shrinking, as in 2016 the gap between Luxembourg and Bulgaria was more than 8 times.

There is one thing that should be kept in mind, not all countries in this list use EUR, in fact there are 9 out of 28 countries in EU using their national currencies instead of EUR. ( Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden and United Kingdom)

From table bellow you will notice there is negative average salary growth in 9 countries during the past three years, for countries like Denmark, Sweden, United Kingdom I can it explain  because of their national currencies been volatile against EUR and USD currencies. For other countries it would ask more investigation, what is not a main topic of this article (though you are more than welcome to leave your feedback in comments section)

    EUR Growth
Rank Country 2017 2014 Money %
1 Denmark 3,095 3,122 -27 -0.87
2 Luxembourg 3,009 3,189 -180 -5.98
3 Finland 2,509 2,330 179 7.13
4 Sweden 2,465 2,690 -225 -9.13
5 Ireland 2,464 2,160 304 12.34
6 Germany 2,270 2,054 216 9.52
7 Netherlands 2,263 2,136 127 5.61
8 France 2,157 2,128 29 1.34
9 United Kingdom 2,102 2,597 -495 -23.55
10 Belgium 2,091 1,946 145 6.93
11 Austria 2,009 2,114 -105 -5.23
12 Italy 1,762 1,923 -161 -9.14
13 Spain 1,718 1,615 103 6.00
14 Cyprus 1,658 1,833 -175 -10.55
15 Slovenia 1,074 1,044 30 2.79
16 Malta 1,021 1,092 -71 -6.95
17 Portugal 984 985 -1 -0.10
18 Greece 947 818 129 13.62
19 Estonia 945 841 104 11.01
20 Czech Republic 837 701 136 16.25
21 Croatia 792 710 82 10.35
22 Slovakia 755 683 72 9.54
23 Poland 752 678 74 9.84
24 Latvia 703 557 146 20.77
25 Lithuania 637 524 113 17.74
26 Hungary 622 503 119 19.13
27 Romania 515 398 117 22.72
28 Bulgaria 406 333 73 17.98
  Average 1,520 1,489 31 2.02

Data source: List of European countries by average wage

This is a list of countries containing monthly (annual divided by 12 months) net income (after taxes) average wages in Europe in EUR currency.The table above reflects the average (mean) wage as reported by various data providers. In less developed markets, actual incomes may exceed those listed in the table due to the existence of grey economies.

While the median average wage in EU is about EUR 1,520 not all countries are equal, so for example the largest average salary have been registered in Denmark (EUR 3,095) while the lowest in Bulgaria (EUR 406).

If compared to 2016, there is no significant changes in overall development, and we still can observe that the median EUR 1,500 average wage divides EU by half - there are 14 countries were average wage is above that line, and there are 14 countries were average salary is bellow median. 

In fact just two out of fourteen countries were median average salary is bellow EU average (Slovenia and Malta) has average salary just barely more than EUR 1,000, making the rest from camp 'bellow the median average salary in EU' with even less than EUR 1,000 average monthly salary. 

How does your country stands in this table? Readers and me would love to hear! Drop a comment!