Like Belgium, many industries in Spain have their own set minimum wages operating under collective agreements which entitle their workers to a higher minimum wage. Portugal has the 11th-highest minimum wage in Europe at 705 per month. Check out our guide to international money transfers for more on how to save money when youre transferring money abroad. While we take all precautions to ensure that the data on this site is correct and up-to-date, we cannot be held liable for the accuracy of the labor law data we present. Luxembourg had the highest average annual wage in Europe in 2020, at approximately 65.58 thousand Euros, compared with Slovakia, which had an average annual salary of just over 15.27 thousand Euros a year, the lowest among the countries provided in this statistic. When comparing the above minimum rates, it should be remembered that the level of salary in the country consists of several important factors, including: It should also not be forgotten that high earnings are usually associated with paying higher taxes. A certificate of vocational ability and proof of at least two years of experience in the trade in question. Minimum Wage Rate. Consequently, for working hours of 42 hours per week, minimum wage workers will earn 4,368 gross francs, or just over 4,400 euros. For part-time workers, the Spanish minimum wage is half of the total value of the SMI. According to the Eurostat, Luxembourg has the highest minimum wage in Europe. The country is well known for having a well-developed economy and is the richest of the Slavic countries by nominal GDP. In this article, we present to you the best 10 countries with the most elevated minimum wage permitted by law and their compensation. The maps below show monthly adult minimum (after tax, social charges & deductions) income; some countries have a lower rate for under-25-year-olds. An amendment to the Minimum Wage Act in Slovenia in 2018 brought a number of changes to how the national minimum wage was approached in the country, including introducing a formula to calculate the minimum wage in 2021. Malta has the 12th-highest minimum wage in Europe in 2022, at 182.83 per week for full-time workers aged 18 and older. Most of EU countries minimum wages are fixed at . Contact. A vocational diploma from a Luxembourg technical secondary school. 10. Main source: Eurostat[2]. Insurance Income", "Minimum wage to rise by 10.3% to 500 in 2022", "Cyprus Minimum Wage set at 940 Euros per Month", "Minimln mzda 2021: ve minimln a zaruen mzdy", "Estonia, it is agreed to increase the minimum wage to 725 euros per month", "Augmentation automatique du Smic de 2,01% le 1er aot", "German Parliament Approves Increase in Minimum Wage to 12 per Hour, Effective October 1, 2022", "Ministry of Labours and Social Affairs: Instructions about the new minimum wage (Greek)", "Hungary to increase minimum wage by nearly 100", "National Minimum Wage will increase 1 January 2022", "Minimum Wages Set to Increase in Baltic States in 2023", "Lithuanian government endorses 2023 budget bill", "Vyriausybje pristatytas 2023 m. biudeto projektas", "Social minimum wage and indexation of salaries", Ministry of Social Affairs and Employment, "Poland minimum wage to be increased more than previously announced", "Governo aprova subida do salrio mnimo para 705 euros a partir de janeiro", "Romania to raise gross minimum wage to 2,550 lei (515 euro) as of 2022", "Trade union and employers clinch agreement to boost minimum wage", "Slovenia to increase gross minimum wage by 4.9% in 2022", "Minimum Wage with effect from 1 January 2022 Spain", European Coal and Steel Community (19512002), Agencies, decentralised independent bodies, corporate bodies and joint undertakings, European Judicial Network in civil and commercial matters, Mechanism for Cooperation and Verification, Cities with more than 100,000 inhabitants, Largest cities by population within city limits, https://en.wikipedia.org/w/index.php?title=List_of_European_Union_member_states_by_minimum_wage&oldid=1118489865, Pages using image label with a wide image, Creative Commons Attribution-ShareAlike License 3.0, 885.00 (basic) / 940.00 (skilled employees), 725.00 (minimum wage is fixed at an hourly rate and at a monthly rate simultaneously), 1,678.95 (minimum wage is fixed at an hourly rate), 2,080.00 (minimum wage is fixed at an hourly rate), 1,774.50 (minimum wage is fixed at an hourly rate), 2,313.38 (minimum wage is fixed at an hourly rate and at a monthly rate simultaneously), 792.30 (minimum wage is fixed at a weekly rate), 700.00 (minimum wage is fixed at an hourly rate and at a monthly rate simultaneously), This page was last edited on 27 October 2022, at 08:14. Rate from 1 April 2020 NLW for workers aged 23 and over (age 25 and over prior to 1 April 2021) 8.72 the main rate for workers aged 21-22 (age 21-24 prior to 1 April 2021) 8.20 the 18-20 rate 6.45 the 16-17 rate for workers above [] Minimum Wage and Average Salary The minimum salary is around 6,400 SEK (660 USD) per month , and the maximum is 210,300 SEK (21,600 USD). The new government drew up plans to further increase the sum up to 12,00 per hour ( 24.958,08 . The living wage will be set at 60% of the median wage in any given year which, in 2022, would be 12.17 an hour. The highest minimum wage in Europe is almost 7 times higher than the lowest (Bulgaria - EUR 332, Luxembourg - EUR 2640 ).In the tables below, we will not find the minimum wages in, among others, Scandinavian countries. The minimum wage was last increased in July 2022 and is updated every two years based on the recommendations of the Minimum Wage Commission, a group that's newly appointed every five years with volunteers consisting of a chairperson, six permanent members with voting rights and two advisory members chosen from the scientific community who don't have voting rights in the Commission. 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]. Australia: The second country with the very best wage is Australia with a wage rate of $15.20 per hour. As of July 2022, the minimum wage for an adult aged 21 or older is 1,756.20 per month. The social partners have agreed on a monthly gross minimum wage of 1,500 for all sectors, to be implemented nationally by 2020. Most minimum wages are fixed at a monthly rate, but some countries set their minimum wage at an hourly rate or annual rate. Countries marked on the map in purple do not have a minimum wage. Those include: Trainees under the provisions of the Vocational Training Act. To calculate this at the monthly rate, you have to take into account 14 annual payments. CurrencyFair Ltd is regulated by the Central Bank of Ireland. This page lists the states, cities, and counties with the highest minimum wage rates in the United States, as well as those that adopt the lowest permitted minimum wage rate (the Federal minimum wage). In addition to the national minimum wage in Malta, workers are entitled to salary increases once they have been with the same employer for more than one year. Click any state for details about the minimum wage, exemptions, and other state labor laws. Luxembourg has the highest minimum wage in Europe. Tourism / Hospitality Industry / Gastronomy, Transportation / Forwarding Trade / Logistics, urrent prices and cost of living in Germany 2022. The highest minimum wage is $15 in Washington, DC. Slovenia has the 10th-highest minimum wage in Europe, at 1,074.43 per month for all full-time workers. a rustic with a population of 25.5 million people, GDP of $1.3 trillion, GDP growth of 1.96 percent, GDP per capita of $53, 831 and an percentage of 5.9 percent. Informace o minimln mzd od 1. ledna 2022", Ministry of Labour and Social Affairs (Czech Republic), "96.40 Czech Koruna (CZK) to U.S. Dollar (USD)", "Convert Czech Koruna (CZK) to Euro (EUR)", "Salary/Wage and Tax Calculator. Massachusetts. CurrencyFair Ltd is a Corporate Authorised Representative (No.419450) of CurrencyFair Australia Pty Ltd, regulated in Australia by ASIC (AFS License No. But as currency exchange rates fluctuate it's better to confirm the rate using CurrencyFairs exchange rate calculator. Let us know in a single click, and we'll fix it as soon as possible. Portugal also offers the best value for expats as one of the cheapest countries to live in Europe. Someone working an hourly service industry job can expect to make about 100-110 SEK (10 USD) per hour, which equals to an average annual salary of about 143,000 SEK (14,700 USD). Meaning if the consumer price index rises by a certain percentage, the government of Luxembourg adjusts salaries by the same percentage. If youre searching for the best places to live in Spain for expats, look no further than these 10 popular Spanish destinations. The table below shows the gross hourly wage for each age group as of 1 July 2022: Source: The government of the Netherlands. Greeces minimum wage is 713 per month, as of May 2022, and it has a 40-hour work week. As can already be seen, the difference in the minimum rates is significant, sometimes exceeding EUR 1000. What is the minimum wage in Luxembourg in 2022? What is the minimum wage in the Netherlands in 2022? Report for Selected Countries and Subjects -- Implied PPP conversion rate", "Albania Increases Minimal Wage, Pensions", "Minimum wages increased in 32000 ALL/month", "Minimum Wage Increased in Albania from 01 October 2022 - October 4, 2022", "195.40 Albanian Lek (ALL) to U.S. Dollar (USD)", "Convert Albanian Lek (ALL) to Euro (EUR)", "Interprofessional minimum wage in Andorra: Minimum wage in Andorra in 2022, update", "348 Belarusian ruble (BYN) to Euro (EUR)", "400 Belarusian ruble (BYN) in Euro (EUR)", "2.31 Belarusian ruble (BYN) to U.S. Dollar (USD)", "Convert Belarusian ruble (BYN) to Euro (EUR)", "Najnia plata u Federaciji BiH poveana za 136 KM", "Podr3ka uprava RS: Minimalna neto plata poveana na 650KM", "Bulgaria's minimum wage to rise from April", "Convert from Bulgarian Lev (BGN) to United States Dollar (USD)", "Convert from Bulgarian Lev (BGN) to Euro (EUR)", "27.04 Croatian Kuna (HRK) to U.S. Dollar (USD)", "Convert Croatian Kuna (HRK) to Euro (EUR)", "Historic minimum wage set at 940 after six months of employment", "Vpoet ist mzdy: mzdov kalkulaka 2022 (Calculating Net Salary: Salary Calculator 2022)", "Minimln mzda. ", "17.31 Romanian leu (RON) to U.S. Dollar (USD)", "Convert Romanian leu (RON) to Euro (EUR)", "13293 Russian Rouble (RUB) to Euro (EUR)", "15279 Russian Rouble (RUB) to Euro (EUR)", " 1 2022 - Solenka.info -", "88.15 Russian Rouble (RUB) to U.S. Dollar (USD)", "Convert Russian Rouble (RUB) to Euro (EUR)", "San Marino Minimum Wage, Labor Law, and Employment Data Sheet San Marino Minimum Wage Rate 2022", "Calculators for salaries and other incomes in Serbia", "29984 Serbian dinar (RSD) to Euro (EUR)", "230 Serbian dinar (RSD) to U.S. Dollar (USD)", "Convert Serbian dinar (RSD) to Euro (EUR)", "Minimum wage in Slovakia will increase from January 1, 2023", "Trade unions and employers clinch agreement to boost minimum wage", "Salary Calculator Slovenia - Data d.o.o. This site is a free public service not affiliated with the Department of Labor or any governmental organization. A minimum wage is the lowest wage per hour that's allowed by law or special agreement, and it varies all over the world. 402709). European countries on the gross minimum wage before tax & social charges: Countries marked on the map in green have a minimum wage above 2000, in blue in the range from 1000 to 2000, in orange from 500 to 1000, in red below 500. The latest Eurostat data divides European countries into 3 groups in terms of the level of minimum rates. Individuals performing voluntary work or undertaking voluntary service. However, like Spain, Portugal has 14 salaries per year, paid out monthly with an extra salary for summer holidays, and Christmas allowances. National minimum wage per hour (highest available for adults. Malta has steadily grown in popularity in recent years as a tech hub for gaming companies, and its the first EU country to offer 5G mobile coverage nationwide. In some cases, where workers aren't paid 14 minimum wages per year, its 1,050 per month. For example, I'm in Colorado, Colorado's minimum wage is $12.56 an hour. Belgium has a set legal working week of 38 hours for most occupations. Z O.O. The following list provides information relating to the minimum wages (gross) of countries in Europe.[1][2]. And to get even more in depth, I live in Denver and Denver's minimum wage is $15.87 per hour. Germany often ranks highly for expats, and here are our top 10 cities in Germany for putting down roots and flourishing. The table below lists the current prevailing 2022 minimum wage rates for every state in the United States. Pete Rathburn. In the absence of a certificate, proof of at least 10 years practical professional experience (if a certificate exists for the required qualification). Luxembourg had the highest average annual wage in Europe in 2020, at approximately 65.58 thousand Euros, compared with Slovakia, which had an . List of European Union member states by minimum wage, List of European countries by minimum wage, List of European Union member states by average wage, List of European Union member states by unemployment rate, List of European countries by average wage, List of European countries by budget revenues per capita, List of European countries by GNI (nominal) per capita, "Bulgarian Finance Minister Envisages BGN 710 Min. Estonia is one of the most environmentally friendly countries in Europe, and more than half of the country is covered by forested land and almost a quarter of the natural landscape is protected. What are rates of the NMW and NLW? While it doesnt offer a set monthly minimum wage, taking into account the 40-hour work week in Ireland, the minimum wage works out to be 1,820 per month. The 1st group includes countries where the monthly salary ranges from EUR 330-750. The minimum wage in Spain has increased rapidly over the past two decades, growing by over 66% between 2008and 2022, from 600 per month to 1,000 per month. However, certain groups aren't entitled to the full national minimum wage, including: Employees under 16 years old with less than six months of professional experience - they can be paid 80% of the legal minimum wage, which is 8.68 per hour as of 2022. The minimum wage in Luxembourg is adjusted every two years in accordance with the country's cost of living. This is due to the fact that they do not have fixed rates. Sunday, October 30, 2022 HOME; NEWS. Moving to Germany is almost as bureaucratic as the process required for leaving Germany, but it remains one of the most popular destinations for expats and those looking to study abroad. Salary and BGN 3,400 Max. Various industries have their own minimum wages as agreed through Wage Regulation Orders (WRO) which can be found here in further detail. The following list includes states with limited recognition. hbspt.cta._relativeUrls=true;hbspt.cta.load(6863934, '2b228b7a-1649-4beb-a55b-8457229fc7dd', {"useNewLoader":"true","region":"na1"}); National minimum wage per hour (highest available for adults, calculated based on the legal working week, which varies from 3648 hours per country), Minimum wage per month (varies between 1214 payments a year depending on the country). CurrencyFair Limited is registered with the Financial Conduct Authority (FCA) under the Temporary Permissions Regime (TPR). The minimum wage commission advised increasing the amount steadily which is why the minimum wage will be 10,45 from the 1st of July 2022. Based on the 40-hour work week, the minimum wage in Andorra works out as 1,157.87 per month. However, exceptions of up to 11 hours per day and 50 hours per week are provided for certain industries. Certain categories of employees are excluded from the national minimum wage in Ireland, including: Employees who are close relatives of the employer, where the employer is a sole trader. In 2019, the nation's capital passed a $15 minimum wage, and regularly increases the wage to keep up with the city's rising cost of living. While these used to be the highest minimum wages in the country, several municipalities have recently enacted local minimum wages of more than even the highest state minimum wage rates. Refer a friend to CurrencyFair for a referral reward each! In Denmark, Italy, Austria, Finland and Sweden, as well as in Iceland, Norway and Switzerland, minimum wages are laid down by collective agreements for a range of specific sectors. France has the fifth-highest minimum wage in Europe in 2022, at 10.85 per hour. $14.25 per hour. The three countries in Europe with the highest minimum wage in 2022 are Luxembourg, the Netherlands, and Belgium. The rates for younger workers are as follows: Almost all workers are entitled to the National Minimum Wage in the UK, including foreign workers who have moved to the UK, and workers over the age of 23 are entitled to the National Living Wage. In some countries, minimum wage has been replaced with another system to provide an income. AUSTRALIA. View Sitemap. This lead shows no sign of slowing down with a new increase that takes effect July 1st, 2022according . 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), San Marino (37.5 hours), Belgium (38 hours), United Kingdom (38.1 hours), Ireland (39 hours), Monaco (39 hours), and Germany (39.1 hours). Help us keep Minimum-Wage.org up-to-date! Fully updated for November 2017! As such, it is fair to make the assumption that the countries with the highest minimum wages in the world are likely to be OECD members. This article is purely for general information purposes. CurrencyFair Ltd CRO: 469391 (Incorporated in Ireland) The information contained on our website is general in nature. Through local legislation, some cities have established themselves as the jurisdictions with the highest minimum wage in the United States. As of July 2022, it was 13.05 per hour, or 2,256.95 per month, for all workers a. ged 18 or older. The below listed states have the highest statewide minimum wages in the United States. Its also good to be aware that CurrencyFair lets you send and receive money within Europe at exchange rates that are up to eight times cheaper than the banks, saving you money when its time to transfer your savings or purchase property abroad. However, certain groups aren't considered to be employees in Germany under the terms of the Minimum Wage Act. For adolescent workers, aged 1718 years old, it's 10.44 per hour and for those aged 1517 years old, its 9.78 per hour. Working Abroad Which Countries In Europe Have The Highest . There are some exceptions for workers that aren't entitled to the minimum wage, such as self-employed workers, volunteers, and more. Based on a 38-hour work week, 1,842.28 per month minimum wage equates to 11.19 per hour. The Netherlands' minimum wage is the second highest in the world. Clocks go back 1 hour this Sunday in Spain. The work week in Malta is 40 hours per week, so for full-time workers aged 18 and older this works out to be 4.57 per hour or 792.26 per month. For adolescent workers that are younger than 18 years of age, it's 7.35 per hour, which goes up to 8.40 per hour at age 18, and 9.45 per hour at age 19. For skilled workers, it goes up to 15.66 per hour, or 2,708.35 per month. Countries that have main territories in Asia with small or no territories in Europe. As of July 2022, the minimum wage for an adult aged 21 or older is, This information is correct as of July 2022. The top 10 best countries to live in Where is it worth to emigrate? It is only 2 difference with Ireland and Belgium. Copyright 2010 2022 CurrencyFair LTD. All rights reserved. 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), Belgium (38 hours), Ireland (39 hours), and Germany (39.1 hours).. The Federal Statistical Office (Destatis) reports that the minimum wage currently amounts to 48% of the median gross earnings of all full-time employees. The increase to the minimum wage in May was the second that the Greek government implemented in 2022, having already raised the monthly minimum wage by about 2% to 663 per month in January 2022. The level of remuneration depends both on the decisions of the trade unions and directly on the employer. The full-time working week in Slovenia is 40 hours, although in industries with an increased risk of injury or health-related problems this can be reduced to less than 36 hours per week. What is Euro parity and why does it matter? The legal full-time workweek in Spain is 40 hours. 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),[3] San Marino (37.5 hours),[4] Belgium (38 hours),[5] United Kingdom (38.1 hours),[3] Ireland (39 hours),[3] Monaco (39 hours),[6] and Germany (39.1 hours). The minimum wage in Slovenia must exceed the minimum cost of living calculated using the new formula by at least 20%, but not more than 40%. If the District of Columbia were a state, it would have grabbed the honor as the state with the highest minimum wage. For skilled workers, it goes up to 15.66 per hour, or 2,708.35 per month. The minimum wage in the UK is 9.50 for workers aged 23 and over, and its updated once a year on 1 April. The United Kingdom (UK) is the only sovereign country to have left the European Union (EU), but it's still a part of Europe. Despite rising inflation, its still a popular retirement destination. Proof of at least six years practical experience in a trade or profession which requires certain technical skills and where no official certificate is issued after vocational training. See Guaranteed minimum income and Basic income. Belgium has the third-highest minimum wage in Europe as of 2022, at 11.19 per hour. This information is not to be relied on in making a decision with regard to an investment. [3] $14.49 per hour. However, most countries have come to the conclusion that minimum wage increases are an integral part of socio-economic policies and that even in such a difficult period it should not be ignored. Below we present the minimum rates that apply in individual European countries from 2022: Important! But it can never be lower than the RMMMG. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. Long-term unemployed within the first six months of reintegration in the labour market. Andorras minimum wage is 6.68 per hour for all workers as of January 2022. The minimum wage in Belgium is decided both at a government level and through collective agreements by individual industries within their sectors. The government adopted the regulation", Ministry of Family and Social Policy (Poland), "22.80 Polish Zloty (PLN) to U.S. Dollar (USD)", "Convert Polish Zloty (PLN) to Euro (EUR)", "Care sunt romnii ce vor primi mai muli bani i ct de mult vor crete taxele - Avem msurile pregtite de Guvern pentru 2023! While currently set at $15.50, the wage will rise to $16.10 in July 2022. o official certificate is issued after vocational training. ", "5394 Ukrainian hryvnia (UAH) to Euro (EUR)", "6700 Ukrainian hryvnia (UAH) to Euro (EUR)", " (Minimum wage in Ukraine)", "40.46 Ukrainian hryvnia (UAH) to U.S. Dollar (USD)", "Convert Ukrainian hryvnia (UAH) to Euro (EUR)", "The Salary Calculator - Take-Home Tax Calculator", "1395.23 British Pound (GBP) to Euro (EUR)", "1568.45 British Pound (GBP) to Euro (EUR)", "National Minimum Wage and National Living Wage rates - GOV.UK", "9.50 British Pound (GBP) to U.S. Dollar (USD)", "Convert British Pound (GBP) to Euro (EUR)", "56700 Armenian dram (AMD) to Euro (EUR)", "75000 Armenian dram (AMD) to Euro (EUR)", "ARMENIA TO RAISE PENSIONS, MINIMUM WAGE AND MATERNITY BENEFITS", "432.7 Armenian dram (AMD) to U.S. Dollar (USD)", "Convert Armenian dram (AMD) to Euro (EUR)", "Azerbaijan Annual Salary After Tax Calculator 2022", "300 Azerbaijani manat (AZN) to Euro (EUR)", "Azerbaijan reveals increase of salaries in number of spheres", "1.73 Azerbaijani manat (AZN) to U.S. Dollar (USD)", "Convert Azerbaijani manat (AZN) to Euro (EUR)", "0.12 Georgian lari (GEL) to U.S. Dollar (USD)", "Convert Georgian lari (GEL) to Euro (EUR)", "47520 Kazakhstani tenge (KZT) to Euro (EUR)", "60000 Kazakhstani tenge (KZT) to Euro (EUR)", "346.15 Kazakhstani tenge (KZT) to U.S. Dollar (USD)", "Convert Kazakhstani tenge (KZT) to Euro (EUR)", "President Erdoan announces new minimum wage as 5,500TL", "31.73 Turkish lira (TRY) to U.S. Dollar (USD)", "Convert Turkish lira (TRY) to Euro (EUR)", "N Kosov, paga minimale bhet 250 euro neto", "57.03 Turkish lira (TRY) to U.S. Dollar (USD)", "Country Reports on Human Rights Practices for 2017", "Salary after Tax Calculator - United States (US)", "Convert U.S. Dollar (USD) to Euro (EUR)", Eurostat, Monthly minimum wages - bi-annual data, https://en.wikipedia.org/w/index.php?title=List_of_European_countries_by_minimum_wage&oldid=1119713453, This page was last edited on 3 November 2022, at 01:05. Labor or any governmental organization we strongly recommend that you obtain independent financial, and. The Azores and Madeira regions up to 15.66 per hour non-EU citizens in Asia with small or no territories Asia Wages are set by the Central Bank of Ireland including pricing data ) is protected database! Of age, with a wage rate highest minimum wage in europe 2022 $ 9.54 per hour for all sectors to! That have main territories in Europe have the highest minimum wage is the minimum wage in the UK is for! Year were paid over 12 payments per year were paid over 12 per. Andorra and is adjusted every two years in line with the highest wage! Value for expats, look no further than these 10 popular Spanish destinations the Federal wage Decision with regard to an investment: which countries have the highest wage The top five cities in the trade unions and directly on the map in dark red do have! 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