Olan McEvoy
Research expert covering the European Union for society, economy, and politics.
Get in touch with us nowReal wages in the Eurozone hit a new low in 2022, as high inflation caused the real value of wages to decline by 5.2 percent. Real wage growth is measured by adjusting nominal wage growth - that is, the growth of wages in monetary values - for inflation, or changes in the average price of the basket of goods. This means that in 2022, a worker would be able to buy five percent less than they would have in 2021, assuming their wages grew by the 2.8 percent nominal wage growth which was seen across the Eurozone in 2022.
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Wages in Europe
Average net earnings by different household types
Annual earnings in European countries
Income inequality