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Greeks and Bulgarians have lowest per capita income and consumption levels, new study shows

A new study published by the European Statistical Office shows that Greeks, along with Bulgarians, have the lowest per capita income and very low levels of individual consumption.

In October, Greece is also in first place for high food prices with an indicator of 10.3%. According to a World Bank report, Greece ranks 10th on the list of countries with the highest food inflation relative to overall inflation.

Even the unemployment rate of 9.7% is one of the highest in the Eurozone. Greece is second only to Spain when the EU average is 6.5%.

Another negative factor is the higher cost of housing compared to incomes in the EU (34.2%). Furthermore, while twelve EU Member States registered high levels of citizens’ savings in 2022, only Greece had negative levels of -4.0%. Eurostat placed it in last place, by a large margin from second-to-last Poland. Moreover, according to Eurostat, Greece is in last place with 13.7% of GDP and real investment.

Switzerland, Luxembourg and Singapore have the highest salaries among 102 countries in the world. The bottom three places are Nigeria, Pakistan and Egypt. In Switzerland, the average monthly salary reaches 5,620 euros, in Luxembourg – 4,463, and in Singapore – 4,420. In the top ten are also the USA, Iceland and Qatar, Denmark, the UAE, the Netherlands and Australia.

From 11 to 14 places are Norway (2,980 euros), Canada, Germany and New Zealand (from 2,790 to 2,760 euros). Next in the ranking are Ireland, Great Britain, Finland, Austria and Sweden.

The third ten in terms of pay level are Belgium, Israel and France – from 2,406 to 2,289 euros. In Japan, they earn 2,204 euros per month, in South Korea – 2,155 euros, in Spain – 1,775 euros, and in Italy – 1,556 euros. In the Czech Republic, the average salary is 1,470 euros, in Estonia – 1,353, in Cyprus – 1,335, in Slovenia – 1,227. Poland is lower than South Africa – 1,052 euros against 1,058 euros. In 40th place is Portugal – 1001 euros.

Other countries:

Slovakia – 972;
China – 963;
Latvia – 950;
Greece – 820;
Bulgaria – 748.
Romania – 703;
Mexico – 664
Belarus – 490;
Kazakhstan – 463;
Moldova – 424;
Ukraine – 376 (83rd place);
Azerbaijan – 343;
Uzbekistan – 290.

The bottom ten are the Philippines, Tunisia and Libya. In Venezuela, the average salary is 166 euros, in Nigeria – 147. The lowest place is occupied by Egypt – with 134 euros.

2023-12-17 06:23:04
#Greeks #penultimate #place #terms #wages #European #Union #Labor

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