Tuesday, May 11, 2010

Italian Salaries Among the Lowest in OCED


A new study shows that Italian salaries are among the lowest in the 30-nation Organization for Economic Cooperation and Development. Based on data from 2009, Italian salaries ranked 23rd of 31 for salaries and 16.5 percent below the OECD average.

Last year, the average annual Italian salary was calculated around $22,027 compared to the OCED average of $26,395, the euro area average of $28,454 and the European Union Average of $25,253. These averages are based on a single-person household and on purchasing power, although Italy also ranked 23rd for salaries in a four-person household (including a mother, father and two children).

Italian salaries are the lowest in the Group of Seven (G7) including the United States, Japan, Germany, Britain, France and Canada. The salaries in Italy are also lower than the countries currently facing financial turmoil, like Greece, Spain and Ireland, although they were higher than Portugal, Czech Republic, Turkey, Poland, Slovakia, Hungary and Mexico. I am honestly very confused about this report because Italy has such a high number of immigrants so I am wondering what effect this has on immigration.

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