Ranked 16th among EU member states for household net disposable income, Greece has seen significant improvements in wages, salaries, and purchasing power. The Economy and Finance Ministry highlighted the rise in net disposable income for all household types, with minimum and average wage rates increasing by 27.7% and 20.2% from 2019 to 2023, outpacing the consumer price index which rose by 13.4%.
During the same period, real per capita income in Greece grew by 7.7%, surpassing the EU average of 3.3% and the eurozone’s 2.3%. The government’s tax cuts and interventions, such as child supplements, parental leave extensions, and support for low-income families, have contributed to this progress.
Despite the improvements, Greece acknowledges the challenges still facing many citizens. The data reflects the country’s significant progress over the past five years, emphasizing that it is a collective achievement of the Greek people.
Overall, Greece’s economic indicators show positive growth, indicating a promising trajectory for the country’s financial well-being.