TIRANA, Aug 22 /ATA/- The private sector has taken the lead in wage raise this year.
The annual increase in the average monthly wage has also been influenced by the increase in the minimum wage level in the country. The national minimum monthly base salary for employees increased from ALL 24,000 to ALL 26,000 in Q1 of 2019 (8.3% nominal annual; 6.8% real annual).
In the private sector, the annual raise of average monthly wage was 4.9% in nominal terms and 3.3% in real terms, while in public sector, the respective increases were 2.8% and 1.2%.
By sector, the average monthly wage continued to record the highest increase in the “Arts, Entertainment and Recreation and other service activities” and “Trade, transport” and manufacturing industries in industry.
According to INSTAT data, 28.7% of insurance contributors receive a salary up to the level of the minimum official wage.
The upward wage trend is expected to have an impact and be reflected in the upward trend of consumption in economy in the second quarter of this year.
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