Average Salary in European Union 2018

Average Salary in European Union

As in the case with minimum wages in European Union 2018 article, for this year’s average salary in European article, I was able to pull data both for gross and net minimum wage values across the European Union.

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 a column for tax –  by having both values (gross and net) I did a simple calculation to see approximate tax rates in member states.

All calculations are done using Google Spreadsheets. Data provided below might not be 100% accurate but they should give an overall insight on average salary in European Union member countries.

Countries are ranked by average net salary in 2018

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2018 2017
Rank Country Gross Net TAX NET %
1 Denmark €5,191.00 €3,270.00 37.01% €3,095.00 5.35%
2 Luxembourg €4,412.00 €3,159.00 28.40% €3,009.00 4.75%
3 Sweden €3,340.00 €2,570.00 23.05% €2,465.00 4.09%
4 Finland €3,380.00 €2,509.00 25.77% €2,509.00 0.00%
5 Ireland €3,133.00 €2,479.00 20.87% €2,464.00 0.61%
6 Austria €3,632.00 €2,324.00 36.01% €2,009.00 13.55%
7 Germany €3,703.00 €2,270.00 38.70% €2,270.00 0.00%
8 France €2,957.00 €2,225.00 24.75% €2,157.00 3.06%
9 Netherlands €2,855.00 €2,155.00 24.52% €2,263.00 -5.01%
10 United Kingdom €2,498.00 €1,990.00 20.34% €2,102.00 -5.63%
11 Belgium €3,401.00 €1,920.00 43.55% €2,091.00 -8.91%
12 Italy €2,534.00 €1,758.00 30.62% €1,762.00 -0.23%
13 Spain €2,189.00 €1,749.00 20.10% €1,718.00 1.77%
14 Cyprus €1,779.00 €1,658.00 6.80% €1,658.00 0.00%
15 Slovenia €1,626.00 €1,062.00 34.69% €1,074.00 -1.13%
16 Malta €1,379.00 €1,021.00 25.96% €1,021.00 0.00%
17 Estonia €1,221.00 €957.00 21.62% €945.00 1.25%
18 Portugal €1,158.00 €925.00 20.12% €984.00 -6.38%
19 Greece €1,092.00 €917.00 16.03% €947.00 -3.27%
20 Czech Republic €1,149.00 €873.00 24.02% €837.00 4.12%
21 Croatia €1,081.00 €802.00 25.81% €792.00 1.25%
22 Poland €1,102.00 €784.00 28.86% €752.00 4.08%
23 Slovakia €980.00 €748.00 23.67% €755.00 -0.94%
24 Latvia €1,013.00 €738.00 27.15% €703.00 4.74%
25 Lithuania €885.00 €693.00 21.69% €637.00 8.08%
26 Hungary €955.00 €635.00 33.51% €622.00 2.05%
27 Romania €787.00 €565.00 28.21% €515.00 8.85%
28 Bulgaria €586.00 €457.00 22.01% €406.00 11.16%
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Data source: List of European countries by average wage

This is a list of countries containing monthly (annual divided by 12 months) gross (before taxes) and 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.

Average salary in European Union 2018

The average salary in European Union 2018

The gap (in terms of net salary) between richest (Denmark) and poorest (Bulgaria) is 7.15. Which actually is shrinking, as in 2017 the gap between Denmark and Bulgaria was more than 7.6 times.

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There is one thing that should be kept in mind, not all countries in this list have adopted EUR currency, 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 the United Kingdom)

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