
The average salary in the economy reached 71,486 ALL in the third quarter of this year, according to INSTAT, marking a historical record.
Compared to the same quarter last year, the salary has increased by 16%. While compared to the previous quarter, the salary increase is only 0.8%.
Growth on a quarterly basis is much lower than in the second quarter, when wages expanded significantly by 9.5% compared to January-March 2023, driven by public sector wages.
The government launched a salary reform in the state sector, with the aim of equalizing them with the region, while the other goal was to indirectly influence, through the improvement of levels in the state sector, and for businesses to do the same for their employees.
But, businesses do not seem to have fallen prey to the "pressure", in a signal that productivity is the main factor influencing this trend, at least for private enterprises.
The detailed data of INSTAT show that in the third quarter of the year, when the economy was significantly revived due to tourism, the salaries of the private sector did not increase at all compared to the previous quarter, reaching 65.9 thousand ALL per month. In contrast, salaries in the state sector continued to grow, reaching 84.3 thousand ALL, with a 2.6% increase compared to the previous quarter.
The rapid increase in wages in the state sector has led to a significant deepening of the difference with the private sector, to reach 18.3 thousand ALL in the third quarter, which is the highest level ever recorded since the third quarter of 2020, when the data is reported . In this way, the salary in the private sector is on average 22% lower than that in the state.
sector
INSTAT reported that during the third quarter of 2023, the economic activities that offer an average gross monthly salary, higher than the average salary at the national level, are Financial and Insurance Activities and Information and Communication.
Compared to the same quarter of last year, during the third quarter of 2023 the average gross salary for the activity group of Public Administration and Defense; compulsory social insurance; education; health and social work activities, has the largest increase of 18.6%, while the smallest increase is the activity group Financial and Insurance Activities of 11.4%.
During the third quarter 2023, the group-professions of "Managers, Legislators, Senior Civil Servants of the State Administration and Executive Directors" and "Specialists with higher education (professionals)" offer the highest average gross monthly salaries, compared to the average salary in national level.