Monstat: Average salary in December 1.012 euros

The average gross salary in December in Montenegro was 1.210 euros.

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Increase in average salary to 1.000 euros announced ahead of parliamentary elections in June 2023: Prime Minister Milojko Spajić, Photo: Boris Pejović
Increase in average salary to 1.000 euros announced ahead of parliamentary elections in June 2023: Prime Minister Milojko Spajić, Photo: Boris Pejović
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The average salary without taxes and contributions in December, according to Monstat data, amounted to 1.012 euros and was 1,9 percent higher than in November.

The average net salary in December compared to the same month in 2023 recorded an increase of 24,3 percent.

The average gross salary in December in Montenegro was 1.210 euros.

"If we take into account that consumer prices in December recorded a decrease of 0,1 percent compared to November, it follows that real wages for the same period recorded an increase of two percent," the statement said.

Monstat announced that last year, the average gross salary was 1,08 thousand euros, while the average net salary was 876 euros. Considering that consumer prices recorded an increase of 2023 percent last year compared to 3,3, it follows that real salaries for the same period recorded an increase of 7,1 percent.

By activity sector, average earnings without taxes and contributions in December compared to the previous month recorded an increase in the sectors of administrative and support service activities by 10,4 percent, real estate activities by 9,3 percent, water supply, wastewater management, process control, waste disposal and similar activities by 6,6 percent, public administration and defense: compulsory social security by 4,5 percent, wholesale and retail trade, repair of motor vehicles and motorcycles by 4,1 percent.

Growth was also recorded in the sectors of artistic entertainment and recreational activities 3,8 percent, agriculture, forestry and fishing 3,5 percent, professional, scientific and technical activities 3,3 percent, other service activities 2,8 percent, accommodation and food services 2,4 percent, transport and storage 2,2 percent, manufacturing 1,4 percent, information and communications 0,7 percent, education 0,3 percent, mining and quarrying 0,2 percent and electricity, gas, steam and air conditioning supply 0,1 percent.

The decline in average earnings without taxes and contributions in December last year compared to the previous month was recorded in the sectors of financial activities and insurance by 11,6 percent, construction by 2,9 percent, and health and social protection by 1,1 percent.

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