Workers’ annual pay has hardly increased in 10 years when inflation is taken into account, the national statistics agency CBS said on Friday.
In 2007 the median annual income of someone on a fixed contract was €34,100 but by 2017 that had risen by just over €1,000 to €35,200, the CBS said.
At the same time, the median income of someone who is self-employed rose just €500 to €28,000, the CBS said.
Men have a far higher median income than women – €42,300 compared to €27,100 – but this is largely due to women working part time. And there is little difference in male and female income up to the age of 25.
Median income is not the same as average salary. It refers to the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount.
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