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Ministry of Finance, Statistical Service

Latest Figures: Average Monthly Earnings of Employees by Quarter, 4th Quarter 2012

According to the preliminary estimations of the Statistical Service, the average gross monthly earnings of employees during the fourth quarter of 2012 amounted to €2.292 (males €2.470 and females €2.082).

In comparison with the fourth quarter of 2011, an increase of 0,7% was recorded in the average monthly earnings of employees (males 0,6% and females 1,0%). The corresponding increase observed during the fourth quarter of 2011 was 3,2%.

In comparison with the third quarter of 2012 (seasonally adjusted data) there was a marginal increase of 0,5% in the average monthly earnings of employees (males 0,4% and females 0,8%). The corresponding percentage change observed during the fourth quarter of 2011 was 0,6%.

It should be noted that the deductions to the earnings of employees in the broad public sector, which were implemented starting from the fourth quarter of 2011 and 2012, do not affect the gross salary of employees but only their net income. Consequently, while these deductions reduce the disposable income of employees, they are not reflected in the fluctuation of gross earnings and the figures above.



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