Minimum wage in Greece 2012

Minimum wage is the lowest amount a worker can be legally paid for his work. Minimum wage figures are gross (pre-tax) rates for full time work (+23 years old) and exclude any 13th or 14th month payments that may be due under national legislation, collective agreements, custom or practice.

2010 2012
Monthly minimum
wage (EUR)
Monthly minimum wage Monthly minimum
wage (EUR)
Hourly rate Hourly rate
862.80 585.78 eur 585.78 3.38 eur 3.38
The calculations are based on the assumption of a 40-hour working week and a 52-week year. Currency conversions from non-euro currencies are based on the exchange rates available on 29 June 2012.
* Greece, Portugal, Spain: white-collar workers only. Workers normally entitled to 14 monthly payments per year.
** Different rates apply to blue and white collar workers and vary by length of service and marital status. Private sector workers only. The minimum wage was cut by 22% from 751 euros pcm due to austerity laws. The minimum wage for those under 25 has been cut by 32%.
Source: Eurostats, FedEE, Wiki

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