FLASH NEWS
About 70% of employees, wages lower than average
2024-12-11 10:28:20 / EKONOMI&SOCIALE
At least 5 major sectors of the economy offered lower-than-average wages in the third quarter of 2024, signaling that neither economic growth nor a shortage of workers is pushing up official wages in sectors that lack productivity and offer work for the majority of employees.
According to INSTAT data, the sectors of agriculture, construction, trade, transport, accommodation activities, food service, industry and entertainment activities had lower salaries than the average level of 77.6 thousand ALL in the third quarter.
On the other hand, employees in four other sectors, which include real estate activities, public administration, information and communication and financial activity had higher salaries than the national average.
Agricultural workers are in a worse position. Their salaries were 65.6% of the average salary, followed by the construction sector with an average monthly salary of 78% of the average salary. Both these sectors are characterized by a high level of informality.
In trade and service activities, despite the positive developments in tourism, the average wage reached 78.6% of the average wage in the third quarter, while in the industry sector wages were about 16 percent less than the national average.
On the other hand, employees in financial activities had a salary 78% higher than the national average, followed by technology and communication workers, whose salary was 47% higher than the average.
In the public administration, the salary was 25 percent higher than the average, deepening the difference as a result of the 20 percent increase that the government made in July for some categories of education, health and defense. A year ago, in the third quarter, the salary of the public administration was 18 percent higher than the average salary.
The salary policy in the public administration, with a plan to increase more than inflation in the last three years, has increased the gap between the public and private sectors.
The data from official salaries show that at least 70 percent of the employees declared with official salary received lower payments than the average salary in the country.
The Albanian economy suffers from a high level of informality in the labor market and therefore also in the level of wages. According to INSTAT, informal employment was approximately 29% last year, while other surveys show that still a significant part of employees receive more wages than they declare in taxes.
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