Breakdown of the monthly gross minimum wage into net minimum wage, personal income tax and employee social insurance contributions EU-27, June 2024 (EUR)

Notes: The total length of the bar refers to the gross monthly minimum wage, which is then broken down into the net minimum wage, personal income tax and employee social insurance contributions paid on the gross minimum wage. For countries with more than 12 national minimum wage payments a year (Greece, Portugal, Slovenia and Spain) and countries with collectively agreed minimum wages (with more than 12 wage payments per annum as stipulated in the relevant agreements), the values of the gross monthly minimum wage have been converted to reflect 12 payments. Data refer to June 2024, which is the month of reference for the Euromod tax–benefit model. For countries without a national minimum wage, the average of the 10 low-paid jobs is used as the reference value. For countries not in the euro area, the minimum wages were converted from national currencies to euro by applying the monthly exchange rate of the end of the previous month (May 2024). Countries are ranked by the value of their net minimum wage.