What is the average salary in Greece?

According to Greece in Figures, the average salary in Greece is around 15,335 per year or 1,277 EUR per month, which is relatively low compared to other countries in the region.

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Further analysing the average salary in Greece

As the above figure represents the net salary for a single person without children, it would be good to look at the other average figures for the country:

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Source: Greece in Figures

Despite the low salary averages, the unemployment rate is much lower than previous years, at 12.5%. 

The average salary in Greece by occupational group 

Now let's dive deeper by exploring the average salaries by occupational group. Here’s the breakdown: 

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Source: PayLab

The average salary in Greece by individual job role

As the above table only looks at each industry as a whole, we’ll dig a bit deeper and focus on specific roles within some of these industries: 

1. Technology and Development 

It’s quite common across the globe to find higher salaries within this industry, and Greece isn’t an exception. Below are the average salaries for earners in this field. 

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2. Pharmaceutical

It should be no surprise that those in the pharmaceutical industry are also very well compensated. Here’s a quick breakdown:

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3. Law & Legislation

Another lucrative industry is Law, which, again, shouldn’t be a surprise as this is quite common across the world. 

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4. Medicine & Social Care

Those in the medical field also have the potential to earn high amounts, depending on their role and experience level. 

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5. Mechanical engineering

There is a great need for mechanical engineers in a variety of industries, such as energy, manufacturing, construction, and transportation, which is why this industry also pays high. 

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Sources: Economic Research Institute (ERI)

What influences the average salary in Greece? 

The average salary is determined by a combination of various factors that impact the overall level of income as well as the gaps between different industries and job positions. Let’s look into this further: 

1. Economic Factors

Gross Domestic Product (GDP): When an economy is strong and growing, people tend to earn more money on average. But recently, Greece has been struggling economically compared to some other countries in Europe, which has affected the average salary.

Inflation: The price for goods and services in Greece is relatively high, and has been for quite some time. This could be attributed to its steady tourism. Did you know that every year, the number of visitors to Greece exceeds its population?

2. Government Policies

Minimum wage: Greece's minimum wage is relatively low compared to some European countries. 

Social Security and benefits: Greece's social safety net has been strained in recent years, potentially impacting wage demands.

Average salaries in other European countries

According to the data from Greece in Figures, Greece’s average salary is 81.78% less than Switzerland's and 32.96% less than Poland's. Here’s a breakdown of other European countries: 

Country	Average Annual Salary (Euros)
Switzerland	€84,159
Norway	€56,810
Denmark	€49,850
Germany	€49,260
Finland	€47,688
Sweden	€43,690
Netherlands	€42,236
France	€39,800
Italy	€35,561
Austria	€31,407
United Kingdom	€30,031
Spain	€29,113
Slovenia	€27,350
Estonia	€22,850
Portugal	€22,000
Poland	€20,390
Czechia	€19,200
Hungary	€18,807
Croatia	€16,440
Greece	€15,335