The average gross monthly salary in the national economy has increased nominally by 12%. y/y in 2022 and amounted to PLN 6,362.9, the Central Bureau of Statistics reported.
“According to the final data, average employment in the national economy was 11 million full-time jobs in 2022. Compared to the previous year, this was 1.5% more.” – we read in the announcement.
“In 2022, the average gross monthly salary in the national economy will have increased nominally by 12 percent compared to 2021.” – we read on.
Wage growth in Poland
Compared to 2021, average employment has increased in most areas, with the largest increases occurring in the Information and Communication (by 10.8%) and Accommodation and Catering (by 8.6%) departments. The decline in average employment was recorded in three sections, the largest of which was in the Agriculture, Forestry, Hunting and Fishing section (by 1.3%). In the Trade section; repair of motor vehicles, average employment remained at the same level as last year, it was also reported.
The average gross monthly salary remained differentiated according to the PKD sections and ranged from PLN 4,133.66 in the Accommodation and Catering section to PLN 11,098.14 in the Mining and Quarrying section. It amounted to 35.0% respectively. less and by 74.4 percent more than the average gross monthly salary in Poland, the Central Bureau of Statistics reported.
“In all PKD sections, there was an increase in the average gross monthly salary compared to 2021. This increase was from 6% in the Education section to 22.6% in the Mining and Quarrying and Transport and Storage sections,” the press release said.
Inflation. The Central Bureau of Statistics has released the final data for September
According to the Central Bureau of Statistics, inflation was 8.2 percent on an annual basis and was in line with the flash estimate presented by the Central Bureau of Statistics at the end of last month.
“Currently, with inflation falling rapidly and at the same time the economic situation deteriorating, including in the case of our major trading partners, the NBP does not hesitate to adjust the interest rate level to the conditions of the domestic economy. Of course, taking into account that the primary goal of monetary policy remains a permanent reduction in inflation towards the medium-term target,” Glapiński wrote in an article published in the Financial Times.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
