Last Updated 07 | 01 | 2014 at 11:25


Average gross annual salary estimated at €15,772

Article By: news

The average gross annual salary of employees for the third quarter last year was estimated at €15,772 according to the Labour Force Survey. This amount refers to the gross annual basic salary and excludes extra payments such as overtime, bonuses and allowances. The highest average gross annual salary for employees was recorded in financial and insurance activities. 

Average annual salaries varied from €25,302 among managers to €10,923 among elementary staff.

Labour Force Survey estimates indicate that during the third quarter last year total employment stood at 179,476, accounting for almost half the population aged 15 and over. Unemployed persons stood at 12,827 (four per cent) while inactive persons totalled 168,429 (47 per cent).

The activity rate for the quarter under review was estimated at 66 per cent. When compared to the previous year, the activity rate among women increased by three percentage points, while the male activity rate rose by one percentage point. The highest activity rate was recorded among persons aged 25-54 (78 per cent).

Out of every 100 persons aged 15 to 64, 61 were employed. The rate increased by two percentage points compared to the corresponding quarter in 2012. The highest employment rate was recorded among persons aged between 25 and 54, at 74 per cent.

Employed men were mostly engaged in wholesale and retail trade, transportation and storage, accommodation and food service activities (32 per cent). On the other hand, employed women were mostly engaged (38 per cent) in Public administration, defence, education, human health and social work activities.

Self-employed persons accounted for 14 per cent of the total employed population. The majority of the employed worked on a full-time basis and totalled 151,526. An estimated 23,065 (13 per cent) had a part-time job as their primary employment. A further 4,885 were working on a full-time with reduced hours basis.

Survey results estimate that the unemployment rate for the third quarter of 2013 stood at seven per cent. The largest share of unemployed persons was recorded among persons aged 25 and over. Among the unemployed, 45 per cent stated they had been seeking work for at least 12 months.

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