In 2016 there were 22 out of 28 European Union member states with official minimum wage set by government.
The most are receiving residents of Luxembourg (EUR 1,923.00) while the least in Bulgaria (EUR 215). By simple calculations I averaged the average minimum wage in 22 EU member states - EUR 810.82. In most of the member countries there is an increase for minimum wage in 2016, still there is one country with sharp decrease.
N.B. Countries that don't have minimum wage set by government in European Union - Austria, Denmark, Finland, Cyprus, Italy and Sweden (collective bargaining agreements effective, instead of minimum wage)
For this years minimum wage table I decided to include data for 2014, 2015 and current 2016, added growth over year and growth over two years, to better understand overall scene. Data used in this table are from Minimum wages on Eurostat, List of sovereign states in Europe by minimum wage and my previous articles: Minimum wage 2015; Minimum wage 2014;
|Rank||Country||2014||2015||2016||Growth one year||Growth two years||%|
Average minimum wage for 22 EU member states have increased by almost EUR 70 during past two years, from EUR 746 in 2014 to EUR 810.92. Of course its just an overall indicator and doesn't mean minimum wages in all member states are equal. Not at all.
In 2016, there were seven countries with minimum wage larger than EUR 1,000 - Luxembourg, Ireland, Belgium, Netherlands, Germany, France and United Kingdom. These countries as the richest of EU usually doesn't increase their minimum wages sharply, but in 2016 Ireland and UK stands out, by increased monthly minimum by EUR 82.00 and EUR 172.00 respectively, over the past two years.
Map of minimum wages in EU 2016
Five countries - Slovenia, Spain, Malta, Greece and Portugal averages between EUR 791 and EUR 530, with Portugal showing a sharp decrease (- EUR 59) in minimum.
All the rest countries, and they are ten (located in the East) fells bellow EUR 500 monthly mark. It will require years, if not decades, for these countries to catch up with better developed countries in the Western Europe.
Are you living in one of EU member countries and receive minimum wage? - leave your thoughts in comments section - readers and me would love to hear!