The Average Salary of an Albanian, Lowest in Europe

The Average Salary of an Albanian, Lowest in Europe

Multimedia Press Review
Source: Pro Business

The average salary in Albania continues to fall below the European Union’s lowest average salary level, Pro Business reported on Wednesday

Referring to the data provided by the Institute of Statistics (INSTAT) for the second quarter of 2018 Q2, the average salary of an employee in Albania is around Lek 50,392. The average wage grew at a very low rate compared to the second quarter of 2015, when it was about Lek 48,107. If converted into Euro, the average wage in Albania is Euro 403. Currently, the European Union (EU) member country with the lowest salary is Bulgaria with Euro 586.
Salaries are a very important social and economic indicator. Through their level, countries can be classified according to their development. Countries with high average salaries reflect not only the culture of fiscal formality but also liberal capitalism.

Multimedia press reviews features economic news from different Albanian media outlets


Leave a Reply

Your email address will not be published.