More than 3 million Romanians have salaries of less than EUR 445 per month, statistics show

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Over 3 million Romanian employees (65 percent of total of 4.7 million) have net salaries below RON 2,000, meaning almost EUR 445 (1 EUR= RON 4,5157 according to BNR’s Friday exchange rate) per month, which means they are paid below the current level of average salary, according to National Institute of Statistics (INS) and Labour Ministry data.

In the category of employees with salaries below RON 2,000 per month net are most employees in industry, health, education, trade, construction or hotels and restaurants.

Almost 1.3 million employees (27 percent of total) have net monthly income between RON 2,000 and RON 4,000 per month. Here are included the employees in telecommunications, energy, pharmaceutical industry, public administration representatives or part of the employees in the automotive industry.

Also, only 7 percent of local employees have monthly income of RON 4,000 per month net, meaning about 340,000 people, who are professionals working in domains such as banking, IT, air transport, extraction of crude petroleum and tobacco industry.

 

Total monthly average income per household reached RON 2,969 in Q1

According to recent INS data, the total monthly average income was, in nominal terms, RON 2,969 per household and RON 1119 per person in the first quarter of the current year. At the same time, the total expenditure of the population was roughly RON 2,552 per month, per household (RON 962 per person) and was 86 percent of the total income.

The money income was RON 2,512 monthly on average per household (RON 947 per person) and the in‐kind income was RON 456 monthly per household (RON 172 per person). The wages and the other related income constituted the most important source of income (55.1 percent of the total household income).

The social provisions income (22.4 percent), the agriculture income (1.9 percent), the non‐agricultural independent activities income (2.5 percent) and the property and household asset sale income (1.1 percent) also contributed to the formation of the total household income.

An important weight also holds the in‐kind income (15.4 percent), mainly the equivalent consumption value of the agro‐food products from own resources (14.1 percent).

The main uses of the expenditure done by the households are the consumption of food and non‐food goods, of services and the income taxes, contributions and subscriptions paid to private and public administration and to the social insurance budgets, as well as the cover of some needs related to the household production (poultry and animal feed, work payment for the household production, seeds, veterinary services, etc.).

The expenditure with investments, intended for purchasing or raising dwellings, purchasing land and equipment required by the household production and purchasing shares, etc. represent a very small weight in the total household expenditure (only 0.3 percent).

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