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- April 20, 2024
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Rivers of ink have flowed suggesting which countries have the best restaurants, the best hostels, and even the European countries with the happiest citizens. But will no one
Rivers of ink have flowed suggesting which countries have the best restaurants, the best hostels, and even the European countries with the happiest citizens. But will no one
Rivers of ink have flowed suggesting which countries have the best restaurants, the best hostels, and even the European countries with the happiest citizens. But will no one talk about it? Current salary differences between the countries that make up Europe?
Across the broad fabric of the European economy, average salaries paint a picture of diversity and complexity. Today we will dive into a detailed analysis of hourly earnings across the continent through a chart created by . Visual Capitalist It is based on data that Eurostat made public a few days ago. Here you can clearly see how greatly the purchasing power of citizens varies, separated only by the line marking the border.
Here it no longer matters whether the country has the largest number of millionaires on its territory or whether its cities have become golden paradises for millionaires. average hourly wages It reflects the income that employees receive, on average, for their work.
Average salary per hour worked in Europe. Source:VisualCapitalist.com
One of the smallest countries on the continent, highest average salaries. We are talking about Luxembourg, which has one of the highest average salaries at 47.2 euros per hour, as it bases its economy on financial services.
This is not surprising, as despite its small size, the Grand Duchy has the highest GDP in Europe, according to International Monetary Fund data.
Scandinavian countries follow closely; Denmark ranks second with an average salary of 42 euros per hour, followed by Norway with 41.7 euros and Iceland with 39.5 euros per hour worked, taking fourth place in the table.
Finland fell behind in this group, falling to ninth place with 30 euros per hour.
HE The average hourly wage in Europe is 24 euros per hourThis fills the salary gap between Sweden, in twelfth place at 26.3 euros, and Slovenia, next on the list, at 21.9 euros.
We have to go down to the fifteenth place in the table to find Spain, which is in the middle of Italy (21.5 euros) and Cyprus (16.3 euros) with 18.2 euros. Spain is at the center of the picture Thanks to the successive increases in SMI and the salary increases recorded in recent years, falling behind European economies has been prevented.
Similarly, a visualization of Eurostat data shows the wage gap between northern and western European countries compared to countries in the south and east of the continent; This reflects differences in economic development and wealth resulting from recent geopolitics. The past marked by the Iron Curtain.
Countries whose economies were heavily damaged by Soviet influence: Bulgaria has the lowest average salary in EuropeRomania comes next with 8.1 euros per hour, Romania with 10.4 euros, Latvia with 10.7 euros or Hungary and Poland with 11 euros and 11.9 euros respectively.
The chart also highlights the economic policy challenges Europe faces in creating common regulatory frameworks when the economic realities of its citizens are so different.
in Xataka | The countries that work the hardest are far from being the countries that earn the most. The proof is in this chart
Image | VisualCapitalist.com
Source: Xatak Android
Ashley Johnson is a science writer for “Div Bracket”. With a background in the natural sciences and a passion for exploring the mysteries of the universe, she provides in-depth coverage of the latest scientific developments.