On Wednesday, we got acquainted with the latest calculations regarding the average salary in Poland (in the national economy) for the second quarter of 2023. The total amounted to exactly 7005.76 PLN – Reported to the Central Statistical Office (GUS). This represents an annual increase of 13.8%. and decreased (for seasonal reasons) by 1.7%. compared to the first quarter.
This reading turned out to be significantly lower than the average quarterly salary in the enterprise sector (this is a narrower range of data from the national economy, relating to firms that employ at least ten people), which in the second quarter The total amounted to approximately 7,320 PLN.
Consumer price index inflation in the second quarter averaged 13.1% year on year, and compared to the first three months of this year, consumer prices increased by 1.9%. This means that average prices for consumer goods and services grew slower/faster year-on-year than average nominal wages in the second quarter. For comparison, the consumer price index in June was 11.5 percent. every year.
Let’s remember that in June the average gross salary in the enterprise sector (companies with at least ten employees) was 7,000 PLN. PLN 335, which means an increase of 11.9% year on year. Around August 20th, we will know the reading for July, and preliminary projections assume a slight decline in the growth rate of nominal wages to about 11 percent.
June was almost the first month in a year in which wage increases outpaced inflation, i.e. real wages slightly but increased (by 0.3 percent year-on-year). Economists predict that there will be more such months now, because inflation will slow faster than the increase in nominal wages. In July, according to preliminary data, consumer prices rose 10.8% year-on-year, and a decline to about 8% is likely at the end of the year.
Wages in the corporate sector against the backdrop of CPI inflation
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Gus
Wage data in the national economy is the broadest set of wage statistics. CSO includes all full-time employees, regardless of the size of the employing company. Therefore, it includes not only those who work in the enterprise sector, i.e. in companies with more than nine employees (6.5 million people work in this sector, i.e. only about 40% of employees in the Polish economy), but also contains data, on An example of small enterprises, where wages are much lower. It also includes statistics from financial and non-financial institutions, including natural persons carrying on business, as well as entities of the budget sphere, member organizations, foundations, associations, economic self-governments, employers’ organizations, political parties, trade unions and other social institutions. organizations.
See also: Another quarter of lower real wages. The average salary is enough for less
Earnings reported by GUS officials are expressed in gross amounts. After taking into account contributions and taxes, The average Polish worker who works on the basis of an employment contract receives on average about 5,000. 330 zlotys (for wages in the corporate sector in June) i About 5 thousand zlotys 085 (The average salary in the national economy in the second quarter).
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