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This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros.
The following list provides information relating to the (gross) minimum wages (before tax & social charges) of in the European Union member states. The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), [1] Belgium (38 hours), [2] Ireland (39 hours), [1] and Germany (39.1 hours).
Minimum wages by country (other territories). Currencies: local, USD, Eur, and Int$ PPP. Country Monthly minimum wage Hourly rate (gross) Exchange rate to EUR Effective at Net Net [7] [i] Gross Local currency Local USD PPP [7] [ii] Kosovo: 326 [217] 934 350 €350.00 [218] [219] €2.00 [220] 2.18 [221] 5.73 1 1 Oct 2024 Northern Cyprus
For example, 33 states in the United States have higher minimum wages than the federal rate (plus military rates on federal bases) – on top of this an additional 42 city-level subdivisions having different minimum wage rates and 53 countries. [2] In effect, the United States has over 100 different minimum wages across the nation.
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
Afterwards it regained and its exchange rate reached its historical highest point in 2008 (15 July vs US dollar, 23 July vs Japanese yen, 29 December vs sterling). With the advent of the global financial crisis the euro initially fell, to regain later. Despite pressure due to the European sovereign-debt crisis, the euro remained stable. [125]
If US interest rates increase while Japanese interest rates remain unchanged then the US dollar should depreciate against the Japanese yen by an amount that prevents arbitrage (in reality the opposite, appreciation, quite frequently happens in the short-term, as explained below). The future exchange rate is reflected into the forward exchange ...
In mid-2021, the European Union's gross saving rate was 18% of gross disposable income, higher above the prior COVID-19 pandemic average of 11–13%. [ 79 ] [ 119 ] In the second quarter of 2020, families' primary income fell by 7.3% compared to the second quarter of 2019, and their secondary income (from social security payments and other ...
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