European Countries With Highest Minimum Wage The following list provides information relating to the gross minimum wages before tax social charges of in the European Union member states The calculations are based on the assumption of a 40 hour working week and a 52 week year with the exceptions of France 35 hours 1 Belgium 38 hours 2 Ireland 39 hours 1 and Germany 39 1 hours 1
The country with the highest minimum wage rate in Europe during the first half of 2024 was Luxembourg with a minimum wage of 2571 Euros Ireland the Netherlands and Germany were the countries The proportion of workers earning just the minimum wage is higher than 10 in a number of countries across Europe Euronews Business takes a closer look at the data
European Countries With Highest Minimum Wage
European Countries With Highest Minimum Wage
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Romania Lithuania Bulgaria and Poland have registered the highest average annual minimum wage growth rate in the EU between January 2015 and January 2025 They represent an increase between 14 This article illustrates how minimum wage levels vary across the European Union EU countries it also provides a comparison with the situation in the candidate countries and the United States General overview Minimum wage statistics as published by Eurostat refer to national minimum wages The national minimum wage usually applies to all employees or at least to a large majority of
Minimum wages range significantly across EU member countries As of January 2025 Luxembourg has the highest minimum wage set at 2 638 per month Luxembourg Ireland the Netherlands Belgium Germany and France all have minimum wages above 1 500 per month At the other end Bulgaria has the lowest minimum wage of 551 Bulgaria Hungary Latvia Malta Romania Slovakia Czechia The Netherlands has the highest standard minimum wages in Europe and the world However the country has a complicated two tiered system and only workers aged 23 and above qualify for the higher 66 77 a day mandated by law
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The three countries in Europe with the highest minimum wage in 2022 are Luxembourg the Netherlands and Belgium If you were to list the top 10 countries with the highest minimum wage in the world seven of those would be in Europe However the concept of a minimum wage first originated on the other side of the globe Among non EU countries Montenegro recorded the highest increase in real incomes with a 25 9 rise while inflation remained relatively low at 2 6 The most volatile situation was observed in Turkey where real incomes declined by 14 4 Despite a 30 increase in the minimum wage the government was unable to offset the massive 44 inflation rate significantly eroding purchasing power
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European Countries With Highest Minimum Wage - Romania Lithuania Bulgaria and Poland have registered the highest average annual minimum wage growth rate in the EU between January 2015 and January 2025 They represent an increase between 14