Despite easing energy and food prices, Alpha Bank analysis shows that strong demand, booming tourism and rising wages are keeping inflation in Greece well above the eurozone average

The average hourly wage in Greece reached just 11.3 PPS in 2024, compared with 15.3 in Central and Eastern Europe and over 20 in the EU periphery.

Housing costs absorb 35.5% of Greeks’ disposable income, the highest percentage in the EU.

Salary rises of up to 20% are expected for thousands of private sector workers in Greece, driven by expanded collective bargaining agreements, a higher minimum wage, and tax relief measures

Eurostat’s 2024 data show Greece posting the EU’s second-lowest median wage, outpacing only Bulgaria and remaining well below the European average

Wage inequalities in Greece are increasing compared to the European average, according to data analyzed by the Center of Planning and Economic Research (KEPE) in its publication “Economic Developments, Issue 58.” Specifically, in 2022, the wage situation in Greek regions worsened significantly, with a clear divergence from the European average. Attica continues to record higher […]

BoG Governor Yannis Stournaras cautioned that sudden wage rises risk economic instability, while pointing to falling debt, strong growth and new competition in banking

Despite salary increases and lower inflation rates, Greek households continue to struggle as soaring prices and limited purchasing power leave many unable to cover basic needs

In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.

"We are striking against the increasing cost of living crisis, we are striking for better wages"

It is also interesting to note that leadership roles remained predominantly male at a percentage of 57.3%, primarily in the 36–54 age group.

The data on Greek wages from Eurostat contradicts the political narrative in Greece, which presents an image of financial recovery and inclusive economic growth.

According to Eurostat, the average adjusted annual salary in Greece stands at €17,000, with Hungary close behind at €16,900. The only country faring worse is Bulgaria, where the figure is €13,500.