Minimum wages in Greece remained unchanged at 683.76 EUR/Month in 2018 from 683.76 EUR/Month in 2017. 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 586.08 x 14) / 12 = EUR 683.76. Minimum Wages in Greece averaged 690.45 EUR/Month from 1999 until 2018, 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 683.76 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 683.76 in 12 months time. In the long-term, the Greece Gross Minimum Monthly Wage is projected to trend around 683.76 EUR/Month in 2020, according to our econometric models.