Only 20% of Portuguese had a pay increase in 2021

EU net income remains stable

Coins, indicating a pay increase

The Portugal News reports that most European Union families saw net income remain relatively stable last year, with only 17.5 per cent having a pay increase compared to 2020, while 16 per cent recorded a loss of income. Portugal is in line with Europe, with only 20 per cent registering a salary increase in 2021.

In 2021, 66.5 per cent of European citizens saw their net income remain relatively stable compared to 2020, 17.5 per cent saw a pay increase, while 16 per cent saw their net salary shrink, according to data released by Eurostat.

In all Member States, more than half of the population of these countries maintained their incomes last year, with percentages ranging from 50.7 per cent in Cyprus to 84 per cent in Italy. As for Portugal, it is in line with the European average, with 61.8 per cent of Portuguese people maintaining their income in 2021 compared to 2020, while 20.3 per cent saw their net income increase and 18per cent recorded a drop in income.

Among the Member States, the Czech Republic was the EU country with the highest percentage of citizens reporting a pay increase (34.8%), followed by Sweden (32.3%) and Romania, and Slovenia (both with 27 %). At the opposite end of the pole are Italy (4.9%), Greece (6.9%), and Spain (10.4%). Cyprus was the EU country with the highest percentage of citizens to record a wage drop in the past compared to 2020 (27.6%), followed by Greece (26.3%) and Latvia (24.4%). At the opposite pole is Romania (only 5.4% of citizens have seen their salaries shrink), followed by Belgium (9.4%) and Italy (11.1%).

Thanks to PeterA for the link

COVID-19 in Madeira: updates can be found in an earlier post

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