Click the image to see it full size. Real wages in Romania have been in a sharp and steady decline after the begin of transition in 1990. Even some populistic and unsustainable measures in the nineties could not rise them back to their initial level. Only after the general recovery of the Romanian economy after 2000 Romanian real wages started to grow stable. Nevertheless, it took until 2006 for real wages in Romania to reach the level of 1990. Double digit growth promised a strong and further recovery, however, the international crisis set soon an end to this development and in 2009 real wages in Romania even fell again by -2.3% as reported by the CNP. For 2010 a rise by a mere 0.2% is expected.

Back to Romania: Average Salary and Real Wage Growth.

Category :

No comments yet.

Leave a comment