The average salary in Albania is lower than in any other country in the Western Balkans. What an Albanian gets is less than what a citizen gets in Serbia, Northern Macedonia, Montenegro, Bosnia and Herzegovina and even Kosovo.
Even the minimum wage, another important indicator of the standard of living in Albania is the lowest in the region, leaving behind only Kosovo. The difference with Serbia in the minimum wage exceeds 120 euros. But what do low wages indicate and how do they affect the country’s economy?
Wage increase is one of the main goals of the government in the program for the next 4 years. The government aims to increase the average salary by 25 percent within this third term, driven mainly by the administration which will receive a 40 percent increase for teachers, doctors and nurses and 30% for the rest.
But how possible is this for economics experts?
According to data from the European Institute of Statistics, Albanians are the poorest people compared to any other country in the European Union and the Balkans. According to Eurostat data, Albania has an average per capita income of 31 percent of the European average. / a2news