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Eurostat: the employees in Romania earned over 57 billion euro last year

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The Romanian employees obtained in 2016 salary earnings of 57.35 billion euro,record level as absolute value, but the part of the added value in economy which goes to the employees is much under the level of 2008 and is significantly lower than the level in other states of the EU, show the data published by the European Office for Statistics Eurostat.

The data are significantly under those estimated by the National Commission for Prognosis (CNP). Thus, according to the autumn prognosis CNP estimates that the employees of Romania will get in 2016  265.5 billion lei, the equivalent of 59.3 billion euro.

According to Eurostat, the total value of the salaries of the employees in Romania grew by 11.3% in 2016, from 51.55 billion euro in 2015.

The absolute value of the earnings of 2016 surpassed the previous historic record, of 2008, when the employees of Romania got, in total, 55.9 billion euro.

However, the part of the added value created in the Romanian economy which goes to the employees was in 2016 much lower under the level of 2008. Thus, the value of the salaries of the Romanian employees got in 2016 at 33.9% out of GDP in 2016 from 32.3% of GDP in 2015.

In 2008, the employers of Romania gave the employees 39.3% of GDP under the format of salaries.

At the level of the EU, only two countries distributed to the employees in 2016 lower percentages of GDP  under the format of salaries: Ireland (31.3% of GDP) and Greece (33.4% of GDP).

At the other end, the employees of Denmark and France receive over 52% of GDP under the format of salaries.

After 2008, the employees of Romania received a lower part of what the economy produced, their income reaching a minimum level of 31.7% of GDP in 2013.

Even if the level went up slightly in 2014, 2015 and 2016 the Eurostat data show that the percentage of GDP allocated to the employees was in Romania among the lowest in the EU.

The National Commission for Prognosis estimates a rapid growth of the total value of the salaries in the years to come up to 290.7 billion lei (65.2 billion euro) in 2017, 312,2 billion lei (70.3 billion euro) in 2018 and 359.5 billion lei (81.3 billion euro) in 2020.

However, the part of the economy which goes back to the Romanian employees will stay between 36% and 37% of GDP in the years to come, much under the European level.

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