Annual salaries in largest European countries 2023

Germany had an average salary of 62.4 thousand U.S dollars per year in 2023, the highest among the five largest European economies. Germany has consistently had the highest wages in Europe over the last thirty years, except for in 2007 and 2008 when the country was briefly overtaken by the United Kingdom. Many countries in Europe experienced a significant decrease in their average wage level following the global financial crisis of 2008, with France and Germany bucking this trend by reatining robust wage growth. While British wages have stagnated since the crash, only surpassing their 2007 level in 2019, Italian and Spanish wages have in fact fallen, driven by the macroeconomic troubles of these countries since the Eurozone crisis.

Average annual salaries of the largest economies in Europe from 1991 to 2023 (in U.S. dollars)

Characteristic	Germany	United Kingdom	France	Italy	Spain
2023	62,472.6	55,172.64	55,680.5	45,987.12	47,772.12
2022	58,940.33	53,985.06	52,763.59	44,893.33	42,859.34
2021	60,291.24	54,762.3	52,542.19	45,960.65	44,443.89
2020	60,309	53,612	50,550	44,246	43,828
2019	60,732	54,703	53,172	46,460	44,448
2018	59,750	53,950	52,664	46,230	43,975
2017	58,924	53,471	52,732	46,169	44,123
2016	58,311	53,156	52,010	46,469	44,704
2015	57,431	52,549	51,415	46,103	44,957
2014	56,141	51,816	50,929	45,704	44,294
2013	55,215	51,594	50,581	45,527	44,431
2012	54,699	51,070	50,159	45,379	44,427
2011	53,980	51,497	49,836	46,866	45,707
2010	52,912	52,455	49,926	47,629	46,538
2009	52,453	52,346	48,938	47,224	46,983
2008	52,442	52,475	47,429	46,864	44,201
2007	52,208	53,926	47,520	46,928	42,692
2006	52,367	51,890	47,347	46,947	42,235
2005	52,377.65	50,067.25	46,823.79	46,654.25	42,437.2
2004	52,188.86	50,561.33	46,266.46	46,032.26	42,254.99
2003	52,195.61	49,042.43	45,524.23	45,168.01	42,799.7
2002	52,022.68	47,505.08	45,155.67	45,290.1	43,018.47
2001	51,718.8	46,885.64	43,969.03	45,612.84	42,803.91
2000	51,344.1	44,967.09	43,694.35	45,289.58	43,029.08
1999	51,050.1	42,984.91	43,487.39	45,305.33	43,985.5
1998	50,379.97	40,920.73	42,550.45	44,793.69	44,011.32
1997	49,770.37	40,373.21	41,903.01	44,646.7	43,777.29
1996	49,981.57	38,948.97	41,440.29	43,400.7	43,730.41
1995	49,414	38,995	41,318	43,059	43,146
1994	48,388.12	38,989.35	40,713.47	44,022.51	44,019.56
1993	48,281.86	38,323.53	40,543.79	44,600.06	43,564.6
1992	47,965.97	37,721.36	40,082.35	45,297.8	42,879.65
1991	45,193.26	36,982.91	39,638.59	45,341.69	41,351.53