As Novac/Adriano Milovan writes on the 20th of January, 2020, the average net salary in Croatia in November last year was 40 kuna, or 0.6 percent, higher than it was in October, while compared to November 2018 it increased by 269 kuna or by 4.3 percent, pointing to a stead increase in Croatian salaries, at least according to new data from the state statistics.
According to the aforementioned data, Croatian salaries continued to grow in November last year. Thus, the average gross salary in November amounted to 8877 kuna, which is nominally higher by 0.7 percent when compared to October and 4.9 percent higher than it was back in November 2018.
When wage growth is adjusted for inflation, net wages in Croatia back in November 2019 were 0.7 percent higher in real terms than they were in October, and 3.6 percent higher than they were back in November one year earlier. The same is true of gross wages: their real growth in November was 0.8 percent on a monthly basis and 4.2 percent on a yearly basis, data from the Central Bureau of Statistics (CBS) shows.
The average hourly rate also increased, amounting to 39.13 kuna in November, which is nominally 9.4 percent more than it was back in October and 8.8 percent higher than it was in November 2018. The median wage, which is considered to be a more realistic indicator of wages in the country, was 5600 kuna in November, according to the CBS.
The increase in Croatian salaries is primarily due to the lack of manpower in many industries, which is once again the result of a poor demographic picture and of mass emigration from Croatia to more economically developed EU countries. Wage growth was also influenced by tax reforms, which left some employees with more money in their pockets.
By industry, the highest average salary in November was in air transport: in this sector, according to the CBS data, the average net salary was 11,326 kuna, while in the gross amount the average salary was 16,363 kuna. On the other hand, security guards had the lowest average wage: in November the average net wage in the sector was 4261 kuna, or 5401 kuna in the gross amount.
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