23
January

Click the image to see it full size. The average gross salary of Romania amounted to some 450 EUR in 2008 if calculated with the medium exchange rate of the same year. In 2009 average salaries fell to some 416 EUR and for 2010 a rise to 432 EUR is expected by the CNP. If not converted to EUR we have a moderate growing gross salary, yet the gains cannot make up the losses by inflation and fallen purchasing power as the exchange rate heavily deprecated and many important goods stem from import. Real wages thus have fallen. The formerly recorded double-digit salary growth rates in Romania seem to have find an abrupt end.

Back to Romania: Average Salary and Real Wage Growth.

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