Greece ranks 16th in EU in terms of net disposable income for households
File photo: Greece is 16th among European Union member states in terms of household net disposable income, the National Economy & Finance Ministry said on Monday. Photo via amna_news
ΣΧΕΤΙΚΑ ΑΡΘΡΑ
Greece is 16th among European Union member states in terms of household net disposable income, the National Economy & Finance Ministry said on Monday.
On the occasion of two articles published by the Center for Planning and Economic Research (KEPE) on wages, salaries, and the purchasing power of Greek citizens, particularly of families with children, the ministry added that the net disposable income in Greece has risen for all types of households.
Specifically, the National Economy & Finance Ministry said that in the last five years (2019-2023), the minimum wage and the average wage in Greece have risen more than the prices: the minimum and average wage rates by 27.7% and 20.2%, respectively, while the Consumer Price Index has risen cumulatively by 13.4%.
In addition, during the same five-year period, the real per capita income in Greece has risen significantly higher than the EU average, by 7.7% against the EU’s 3.3%, and nearly triple that of the eurozone (2.3%).
Besides these, the government in the last five years has enacted a series of tax reductions and positive interventions for Greek households, within fiscal margins, as in providing supplements for children in families, extending parental leave, expanding school meals, and providing support to low-income families in heating and electricity bills, among other measures.
In other words, the ministry said citing Eurostat data, net wages in terms of disposable income have risen between 12.3% and 15.7% in 2019-2023, ranking Greece 16th in the EU-27, and in three of four main reference categories. In the fourth category, Greece ranks 19th, the National Economy & Finance Ministry said.
“It is obvious that Greece has not turned into Switzerland or Sweden. And the above data is not meant to lead to celebrations, or, even more, to underestimate the real difficulties that many of our fellow citizens face. What is presented, however, is the true picture, which confirms that significant progress our country has achieved in the last five years, which is primarily an achievement of the Greek people,” the ministry said, adding it will continue its reforms and efforts for convergence with the EU average.
Source: ANA – MPA
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