According to newly released information by the National Statistics Office, the average annual basic salary varied from €2,995 among managers to €1,189 among elementary occupations. 

The Labour Force Survey estimates indicated that, during the first quarter of this year, total employment stood at 291,756, accounting for 63% of the population aged 15 and over. 

Meanwhile, unemployed persons stood at 8,585, or 1.9%, while inactive persons totalled at 163,113, or 35.2%. 

‘The activity rate for the quarter under review was estimated at 80.4 per cent with the highest rate recorded among persons aged 25 to 54 (91.5%)’.

On average, out of every 100 persons aged between 15 and 64 years, 78 were employed. The male employment rate for this age bracket was 83.8%, whereas for females it was at 71.4%. 

The 25 and 34 year age bracket for males and females had the largest share of employed persons. 

Meanwhile, self employed persons accounted for 15% of all persons with a main job. The majority of employed persons worked on a full time basis, amounting to 256,592. 

35,164 had a part time job as their primary employment, with full-timers usually working, on average, 40.6 hours.

Part timers worked 21.5 hours per week. In the first quarter of 2023, employed persons actually worked 37.4 hours per week, 0.1 hours more when compared to the same quarter of the previous year. 

‘The average monthly basic salary of employees for the first quarter of 2023 was estimated at €1,848. The highest basic salary was recorded in the Financial and insurance activities sector. Average monthly salaries varied from €1,189 among persons employed in elementary occupations to €2,995 among managers’. 

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