Average annual salaries in largest economies in Europe 1991-2022

Germany had an average salary of 58.9 thousand U.S dollars per year in 2022, the highest among the five largest European economies. Germany has consistently had the highest wages in Europe over the last thirty years, except for in 2007 and 2008 when the country was briefly overtaken by the United Kingdom. Many countries in Europe experienced a significant decrease in their average wage level following the global financial crisis of 2008, with France and Germany bucking this trend by reatining robust wage growth. While British wages have stagnated since the crash, only surpassing their 2007 level in 2019, Italian and Spanish wages have in fact fallen, driven by the macroeconomic troubles of these countries since the Eurozone crisis.