Albania Gross Wage Growth Slows in Q1
Photo by Zysko Sergii/Shutterstock.com
Albania's average gross monthly wage increased by 9.2% year-on-year to ALL 64,706 (EUR 690) in the first quarter of 2023, after rising by an annual 10.8% in the last quarter of 2022, the Tirana-based Institute of Statistics (Instat) said.
The average gross wage in the public sector amounted to ALL 73,205, while in the private sector it reached ALL 60,943 in Q1, data showed.
In the January-March period, the biggest average wage, of ALL 119,206 (EUR 1,114), was paid in the financial and insurance services sector.
The lowest wage, of ALL 43,903, was recorded in the agriculture, forestry, and fishing sector.
Albania's minimum gross monthly wage currently stands at ALL 34,000 (EUR 318).
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.