Average Wage in Bulgaria – Up by Nearly 10%

Business » FINANCE | August 10, 2017, Thursday // 12:53| Views: | Comments: 0
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Bulgaria: Average Wage in Bulgaria – Up by Nearly 10% pixabay.com

According to the preliminary data of the National Statistical Institute (NSI) at the end of June 2017 the number of employees under labour contract increased by 63.4 thousand or 2.8% as compared to the end of March 2017 and reached 2.34 million.

The highest increase was observed in seasonal economic activities: ‘Accommodation and food service activities’ - 44.9%, ‘Arts, entertainment and recreation’ - 11.9% and ‘Agriculture, forestry and fishing’ - 7.3%. The highest decrease of the number of employees was recorded in ‘Education’ - by 3.0%. In the structure of employees by economic activities the biggest relative share of employees was in ‘Manufacturing’ - 21.9% and ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’ - 16.8%.

At the end of June 2017 as compared to June 2016 the number of employees under labour contract decreased by 15.9 thousand or 0.7%. The highest decrease in absolute figures was observed in economic activities ‘Agriculture, forestry and fishing’ - 9.7 thousand, ‘Accommodation and food service activities’ - 8.3 thousand and ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’ - 4.6 thousand. In percentages the highest decrease was also in ‘Agriculture, forestry and fishing’ - by 11.6% and ‘Accommodation and food service activities’ - by 5.3%.

The highest increase at the end of June 2017 as compared to June 2016 in absolute figures was registered in economic activity ‘Information and communication’ - by 4.1 thousand and in percentages - in ‘Arts, entertainment and recreation’- by 9.0%.

The average monthly wages and salaries of the employees under labour contract in April was 1 060 BGN, in May - 1 035 BGN and in June 2017 - 1 027 BGN.

In the second quarter of 2017 in comparison with the first quarter of 2017 the average monthly wages and salaries increased by 3.4% getting 1 040 BGN. The highest increase in wages and salaries was reported in ‘Financial and insurance activities’ - by 7.6%, and ‘Construction’ and ‘Mining and quarrying’ - by 7.3%.

Compared to the second quarter of 2016 the average monthly wages and salaries in the second quarter of 2017 rose by 9.9%. The highest growth rates were recorded in economic activities:

‘Real estate activities’ - 16.0%,

‘Administrative and support service activities’ - 13.4%

 ‘Professional, scientific and technical activities’ - 13.2%.

The economic activities with the highest wages and salaries in the second quarter of 2017 were:

‘Information and communication’ - 2 306 BGN

 ‘Financial and insurance activities’ - 1 815 BGN

 ‘Electricity, gas, steam and air conditioning supply’ - 1 769 BGN. The lowest wages and salaries were recorded in:

‘Accommodation and food service activities’ - 635 BGN

 ‘Other services activities’ - 714 BGN

 ‘Construction’ - 796 BGN.

In comparison with a year earlier the average monthly wages and salaries in public sector grew by 8.1% while in private sector - by 10.6%.

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