Minimum wages in Greece increased to 758.33 EUR/Month in 2019 from 683.76 EUR/Month in 2018. Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. For instance, for Greece, where it is paid for 14 months a year, the minimum wage is calculated as follows: (EUR 650 x 14) / 12 = EUR 758.33. Minimum Wages in Greece averaged 693.69 EUR/Month from 1999 until 2019, reaching an all time high of 876.62 EUR/Month in the fourth quarter of 2011 and a record low of 522 EUR/Month in the second quarter of 1999.

Minimum Wages in Greece is expected to be 758.33 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Greece to stand at 758.33 in 12 months time. In the long-term, the Greece Gross Minimum Monthly Wage is projected to trend around 758.33 EUR/Month in 2020, according to our econometric models.

Greece Gross Minimum Monthly Wage
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Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 16.90 17.10 27.80 7.30 percent [+]
Employed Persons 3918.08 3989.27 4658.20 3438.10 Thousand [+]
Unemployed Persons 784.66 742.98 1384.90 335.60 Thousand [+]
Part Time Employment 362.00 351.90 385.20 158.68 Thousand [+]
Full Time Employment 3594.50 3462.20 4383.59 3153.50 Thousand [+]
Employment Rate 83.31 84.30 93.28 71.29 percent [+]
Long Term Unemployment Rate 12.50 13.00 19.90 3.60 percent [+]
Youth Unemployment Rate 33.00 33.00 59.60 21.00 percent [+]
Labour Costs 91.90 93.20 107.40 48.50 Index Points [+]
Job Vacancies 14343.00 12570.00 51613.00 2825.00 [+]
Minimum Wages 758.33 758.33 876.62 522.00 EUR/Month [+]
Population 10.74 10.77 11.12 8.30 Million [+]
Retirement Age Women 67.00 67.00 67.00 57.00 [+]
Retirement Age Men 67.00 67.00 67.00 57.00 [+]
Labor Force Participation Rate 52.30 51.80 53.70 51.00 percent [+]
Living Wage Family 1070.00 1080.00 1080.00 1030.00 EUR/Month [+]
Living Wage Individual 595.00 600.00 600.00 555.00 EUR/Month [+]
Wages High Skilled 1510.00 1590.00 1710.00 1510.00 EUR/Month [+]
Wages Low Skilled 717.00 868.00 913.00 717.00 EUR/Month [+]
Productivity 91.70 88.90 108.10 70.90 Index Points [+]
Employment Change 0.70 0.70 3.60 -2.80 percent [+]


Greece Gross Minimum Monthly Wage

Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. For instance, for Greece, where it is paid for 14 months a year, the minimum wage is calculated as follows: (€650 x 14) / 12 = €758.33. This page provides the latest reported value for - Greece Minimum Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Gross Minimum Monthly Wage - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
758.33 758.33 876.62 522.00 1999 - 2019 EUR/Month Quarterly




Country Last Previous
Argentina 16875.00 Oct/19
Australia 740.80 Jul/19
Brazil 998.00 Oct/19
Canada 14.00 Dec/19
China 2480.00 Apr/19
France 1521.22 Dec/19
Germany 9.19 Jan/19
India 176.00 Dec/18
Indonesia 3.94 Jan/19
Japan 901.00 Oct/19
Mexico 102.68 Aug/19
Netherlands 1635.60 Dec/19
Russia 11163.00 May/18
South Korea 8350.00 Dec/19
Spain 1050.00 Jun/19
Turkey 2558.40 Dec/19
United Kingdom 8.21 Apr/19
United States 7.25 Dec/19


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