ZAGREB, January 26, 2019 – The average monthly net pay in legal entities in Croatia in November was 6,267 kuna (approx. 847 euro), rising 1.2% in nominal terms on the year, but dropping by 0.1% in real terms, show the latest figures published by the national statistical office (DZS).
The Croatian Chamber of Commerce notes that this was the first time since the beginning of 2016 that an average monthly salary declined in real terms.
Although the monthly salary in November rose year on year in nominal terms, when the yearly inflation rate of 1.3% is applied, it fell by 0.1% in real terms, the HGK said in its explanation.
These trends were affected by a drop of salaries in some enterprise branches, notably in the shipbuilding sector.
The take-home pay of 6,267 kuna in November compared to October was higher by 0.1% in real terms and lower by 0.2% in nominal terms.
The median monthly income amounted to 6,100 kuna (approximately 824 euro), which means that a half of employees in Croatia earned less than that amount and the other half earned above that amount.
The average hourly pay in November was 35.98 kuna (4.8 euro) in the net amount, rising by 4.1% from October.
More news on salaries in Croatia can be found in the Business section.
