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.

Greece Gross Minimum Monthly Wage
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Greece Labour Last Previous Highest Lowest Unit
Unemployment Rate 18.60 18.90 27.90 7.30 percent [+]
Employed Persons 3932.34 3860.66 4658.20 3438.10 Thousand [+]
Unemployed Persons 837.10 895.87 1384.90 335.60 Thousand [+]
Part Time Employment 362.50 357.40 385.20 158.68 Thousand [+]
Full Time Employment 3497.90 3366.30 4383.59 3153.50 Thousand [+]
Employment Rate 82.45 81.17 93.28 71.29 percent [+]
Long Term Unemployment Rate 13.70 14.50 19.90 3.60 percent [+]
Youth Unemployment Rate 36.60 36.80 60.30 20.00 percent [+]
Labour Costs 78.30 90.00 107.40 48.50 Index Points [+]
Job Vacancies 14466.00 14351.00 51613.00 2825.00 [+]
Minimum Wages 683.76 683.76 876.62 522.00 EUR/Month [+]
Population 10.74 10.77 11.12 8.30 Million [+]
Retirement Age Women 67.00 67.00 67.00 57.00 [+]
Retirement Age Men 67.00 67.00 67.00 57.00 [+]
Labor Force Participation Rate 52.10 51.60 53.70 51.00 percent [+]
Living Wage Family 1070.00 1080.00 1080.00 1030.00 EUR/Month [+]
Living Wage Individual 595.00 600.00 600.00 555.00 EUR/Month [+]
Wages 1060.45 1073.07 1462.20 939.14 EUR/Month [+]
Wages High Skilled 1510.00 1590.00 1710.00 1510.00 EUR/Month [+]
Wages Low Skilled 717.00 868.00 913.00 717.00 EUR/Month [+]
Productivity 98.50 93.20 108.10 70.90 Index Points [+]
Employment Change 0.80 0.40 3.50 -2.70 percent [+]


Greece Gross Minimum Monthly Wage

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: (€586.08 x 14) / 12 = €683.76. This page provides the latest reported value for - Greece Minimum Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Gross Minimum Monthly Wage - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
683.76 683.76 876.62 522.00 1999 - 2018 EUR/Month Quarterly




Country Last Previous
Argentina 11300.00 Dec/18
Australia 719.20 Jul/18
Brazil 954.00 Dec/18
Canada 14.00 Dec/18
China 2420.00 Apr/18
France 1498.47 Dec/18
Germany 8.84 Jan/18
Indonesia 3.60 Jan/18
Japan 848.00 Dec/18
Mexico 88.36 Oct/18
Netherlands 1594.20 Dec/18
Russia 11163.00 May/18
South Korea 7530.00 Dec/18
Spain 858.55 Dec/18
Turkey 2029.50 Dec/18
United Kingdom 7.83 Apr/18
United States 7.25 Dec/18


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