Statutory minimum wages, 2022
Gross and nominal statutory minimum wages expressed in euros and in monthly payments. Data for each country are from January 2010 to January 2022, except for Germany where data are from January 2015.
Methods of conversion
- Converted values.
- Rates for non-euro zone countries (Bulgaria, Croatia, Czechia, Hungary, Poland, Romania) were converted to euro by applying the exchange rate applicable at the end of previous reference month; Conversions were also carried out for Latvia, Lithuania and Estonia for periods prior to accessing the euro zone.
- Rates for countries with more than 12 wage payments per year (Greece, Portugal, Spain, Slovenia) were converted by dividing the annual sum of the minimum wage by 12 calendar months.
- Rates for countries where the minimum wage is defined as an hourly rate (Germany, Ireland) were converted to monthly rates by applying the weekly working hours provided in Eurostat, corresponding to 39.1 hours for Germany and 39 hours for Ireland.
- The rate for Malta, where the minimum wage is defined at weekly frequency, was converted to a monthly rate considering 4.33 weeks per calendar month.
Figures represent the minimum wage applicable on 1 January of the given reference year.
- Hungary’s large growth is explained because the new rate for 2021 (HUF 167,400 or €467) came into effect from 1 February 2021 (so the growth rate between January 2021 and January 2022 is taking into account both the 2021 and 2022 upgrades).
- As of January 2022, a new rate for 2022 is still being negotiated and not yet in effect in Bulgaria. In Belgium and Spain, statutory rates were hiked in September 2021, and again in January 2022 in the case of Belgium, while a new hike for 2022 is under negotiation in Spain. Negotiations of a new hike in Greece by mid-year are expected.
- Austria, Cyprus, Denmark, Finland, Italy and Sweden are not included in this figure as they do not have a statutory minimum wage.