site.btaQ3 Average Monthly Wage Up by Nearly 14% Y/Y

Between July and September, the average monthly wage was BGN 2,275. It decreased by 0.9% compared with the second quarter of 2024, and increased by 13.8% compared with the same period of 2023, according to preliminary data of the National Statistical Institute released on Wednesday.

The economic activities with the largest quarter-on-quarter decrease were public administration - by 3.1%, financial and insurance activities - by 2.2%, and construction - by 1.9%. Year-on-year, the largest increases were recorded in the economic sectors other activities" - by 24.6%, real estate - by 23.5% and hotels and restaurants - by 18.2%.

The average gross monthly wage in July 2024 was 2,292 BGN, in August – 2,227 BGN and in September – 2,306 BGN.

In the third quarter of 2023 the average monthly wage was 2,000 BGN.

The number of people under employment and part-time contracts at the end of September 2024 decreased compared to the end of June by 22,800, down 1%, to reach 2.33 million. At the end of September 2023, they were 2.30 million, according to the NSI.