Minimum Wages in European Union 2021

| Macroeconomics | 24 seen

In 2021 there were 21 out of 27 European Union member states with an official minimum wage set by the government.

Turns out this is already the eighth (#8) article about minimum wages in European Union featured on the blog. To keep it up, here is the raw data for minimum wages across European Union in 2021.

Update: Minimum Wages in European Union 2022

Please don't judge too hard, data are taken from this article on Wikipedia, and applied some basic calculations for yearly growth.

The minimum wage in European Union member countries

  Country Gross 2021 Gross 2020 Growth Change %
1 Luxembourg €2,202.00 €2,142.00 €60.00 2.80%
2 Ireland €1,724.00 €1,616.00 €108.00 6.68%
3 Netherlands €1,680.00 €1,636.00 €44.00 2.69%
4 Germany €1,632.00 €1,584.00 €48.00 3.03%
5 Belgium €1,626.00 €1,594.00 €32.00 2.01%
6 France €1,539.00 €1,539.00 €0.00 0.00%
7 Spain €1,108.00 €1,108.00 €0.00 0.00%
8 Slovenia €1,024.00 €941.00 €83.00 8.82%
9 Malta €785.00 €777.00 €8.00 1.03%
10 Portugal €776.00 €741.00 €35.00 4.72%
11 Greece €758.00 €758.00 €0.00 0.00%
12 Lithuania €642.00 €607.00 €35.00 5.77%
13 Slovakia €623.00 €580.00 €43.00 7.41%
14 Poland €614.00 €611.00 €3.00 0.49%
15 Estonia €584.00 €584.00 €0.00 0.00%
16 Czechia €579.00 €575.00 €4.00 0.70%
17 Croatia €563.00 €546.00 €17.00 3.11%
18 Latvia €500.00 €430.00 €70.00 16.28%
19 Hungary €469.00 €487.00 -€18.00 -3.70%
20 Romania €458.00 €466.00 -€8.00 -1.72%
21 Bulgaria €332.00 €312.00 €20.00 6.41%
  Average EU €962.76 €934.95 €27.81 2.97%

Data source: List of European countries by minimum wage

It should be noted: The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), Belgium (38 hours), Ireland (39 hours), and Germany (39.1 hours). Most of the minimum wages are fixed at a monthly rate, but there are countries where the minimum wage is fixed at an hourly rate or weekly rate.

As it already happened for the previous years, there are no changes in the country with the highest and lowest minimum wage. Luxembourg as usual ranks #1 with more than EUR 2,000 gross minimum wage in 2020, while Bulgaria takes the last spot with minimum wage EUR 332 Making a gap between the highest and lowest salary in European Union 6.63 times. 

Minimum wage map in European Union 2021

Minimum wage map in European Union 2021

When visualizing data on the map, its' clearly visible that higher minimum wages are set in the Western European countries, despite the higher growth rates are found in Eastern European countries.

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