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The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat. [1] The salary distribution is right-skewed, therefore more than 50% of people earn less than the average gross salary. Thus, median figures might be more representative than averages. [2] These figures will shrink after income tax is applied.
The gross average monthly wage estimates for 2023 are computed by converting national currency figures from the United Nations Economic Commission for Europe (UNECE) Statistical Database, compiled from national and international (the CIS, Eurostat, the OECD) official sources. Wages in U.S. dollars are computed by the UNECE Secretariat using ...
The average monthly gross salary has reached the value of 1,036 leva (530 euro) in March 2017. [142] According to the latest Annual report of the Institute of Economic Studies at the Bulgarian Academy of Sciences , the average salary in Bulgaria is only a quarter (1/4) of the average salary in the EU, and should be two times higher when the ...
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Remember that guidelines are not set in stone — rather, they're good rules to follow. For instance, if you’re 30 years old and earn $75,000, you should try to have that much saved in your 401(k).
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Bulgaria has the smallest average wage and monthly minimum wage in the European Union. Estonia has the smallest public debt (as a percentage of GDP) of any state in Europe, as well as in the European Union and eurozone. France has the largest financial deficit of any state in the eurozone. Georgia has the lowest monthly minimum wage in Europe.
Per the 2023 Shroders survey, "When asked to forecast how much monthly income they will need to enjoy a comfortable retirement, non-retired survey participants said $4,940, on average."