RSS
Average wage reached EUR 600 in November 2018
Romania’s average net monthly earnings rose by 13.3 percent year-on-year in November 2018 up to RON 2,792 (EUR 600), National Institute of Statistics (INS) data showed on Friday.
The average net monthly earnings rose by 2.6 percent month-to-month, from RON 2,720 (EUR 585) in October.
Real wages increased by only 9.5 percent between November 2017 and November 2018, due to high inflation rate (3.4 percent in November, year-on-year).
The gross average monthly earnings increased to RON 4,658 (EUR 1,002) in November, up from RON 4,532 (EUR 975) in October.
Since the beginning of last year, the social security contribution and the social health insurance contribution paid by the employer were transferred to the employee in Romania, and the effect was a sudden surge of the gross wages in January 2018.
The highest net monthly earnings were recorded in November in the IT sector (RON 6,835, EUR 1,470), and the lowest in accommodation and food service activities (RON 1,589, EUR 342).
Romania has the second lowest average wage among the European Union member states, after Bulgaria.