Albania Annual Gross Wage Accelerates in Q3

Figures

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Albania's average gross monthly wage increased by 9.2% year-on-year to ALL 61,613 (EUR 533) in the third quarter of 2022, after rising 7% in the previous three-month period, the Institute of Statistics (Instat) said in a statement.

In the July-September period, the average gross wage in the public sector amounted to ALL 70,593 (EUR 607.80), while in the private sector it stood at ALL 57,613.

Albania's minimum gross monthly wage is set at ALL 32,000 (EUR 275.50).

In Q3, the biggest average wage, ALL 119,135, was paid in the financial and insurance sector, while the lowest wage of ALL 41,205 was recorded in the agriculture, forestry, and fishing sector. A separate report from the Tirana-based statistics agency also showed that the country's jobless rate fell to 10.6% in the third quarter from 11.3% in the same period of last year.

The unemployment rate among people aged between 15 and 29, meanwhile, increased to 20.5% from 19.9% a year earlier.

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