By about 24% has increased the net annual income of the Greeks over the last five years, despite the deep recession caused by the pandemic, with our country even ranked steadily in the middle sends of the 27 Member States of the European Union.
According to Eurostat’s latest aggregate data, in 2024 the average income of an unmarried and childless employee, after paying taxes and the detention of insurance contributions, stood at EUR 18,709, while in 2019 it was measured at 15,112 euros, equivalent to an increase of EUR 3,596 (23.8%).
Even better is the development of income for couples with two children. Last year, parents in a four -member household won 41,142 euros, compared to 33,015 euros five years ago, up to an increase of EUR 8,127 (24.6%).
Private market factors, which has recorded the highest stimulation of earnings, have reported that the increase in net income is due to the reductions of taxes and contributions implemented in recent years and is attributed to the reduction of unemployment and the upward course of wages.
It is noted that on the days of the third memorandum, in 2016, 2017 and 2018, the net income for the unmarried without children had fallen from 15,000 euros, reflecting the tax burden on the labor.
Increases exceed the cumulative rise in prices at the same time caused by the global inflationary crisis. This means that increases have not only improved the nominal value of income, but also the real, that is, the money left in the citizens’ wallet after calculating the effect of ratings.
With these net income, Greece ranks 16th among the 27 Member States of the European Union, lag behind the richest countries of the North but overcoming all the Balkan countries, the population identical Portugal and the states of the former Eastern Bloc, which includes the largest economy of the EU.
The first places are Luxembourg and the Netherlands, while Bulgaria and Romania are the skies.
This rankings conflict with the measurements of GDP per capita, where Greece occupies the penultimate position, above Bulgaria, and has been the subject of intense political controversy. However, in finances, GDP per capita is usually used as a productivity measure, not for income evaluation, which means that net revenue is clearly more appropriate on this front.