Our country records the third worst salary among 35 countries
A new “bell” rings OECD on the inequalities in Greece but also on the standard of living based on wages.
In fact, as reported by the Organization, the country records the worst performance in terms of wages, as can be seen from the report on well-being in 34 member countries of the Organization, which in a special analysis carried out for the 6th time presents the latest data based on 80 indicators well-being, while focusing on 11 dimensions: Income and wealth, housing, work and employment quality, health, knowledge and skills, environmental quality, subjective well-being, security, work-life balance life, social relations and civic participation.
The report, which of course does not count the “black economy”, assesses whether life is improving for people living in OECD countries and whether progress has been sustainable and inclusive.
Based on the data related to salary matters, Greece has the worst performance, recording the third worst salary among 35 countries, after Mexico and Colombia.
In 20 of the 35 OECD member countries real wages (due to the pandemic and inflation) fell in 2023, compared to 2019. In Greece, real wages recorded the greatest deterioration between 2010-2019, but also a deterioration between 2019-2022.
At the same time, Greece records the highest percentage of citizens who are struggling to make ends meetbehind Mexico, Slovakia and Turkey, with over 65% experiencing financial hardship.
The country’s performance was negative, compared to 2010, and in the indicators of financial capital, with public debt increasing from 94% to 134% of GDP, while the formation of fixed capital, i.e. investments, decreased significantly from 97,000 dollars by per capita, at 78,000 dollars.
The only indicator of financial capital that improved concerns household debt, which fell to 86% of net disposable income – when in 2010 it exceeded disposable income (107%).
Environment
The OECD also focuses on the available resources that are necessary for the future prosperity of the country, such as natural, economic and social capital. As far as natural capital is concerned, Greece shows improvement in two of the three sub-indicators: Per capita emissions decreased, from 10,700 tons to 7,300 tons of carbon dioxide per inhabitant.
Also, the use of Renewable Energy Sources in the country’s energy mix increased spectacularly. From 8.6% in 2010 it more than doubled to 16.6%. Where there was a deterioration, it was in endangered animal species, which increased.
Society
In the last speed of the OECD countries, Greece ranks in social capital. Our country has a consistently disappointing performance in gender equality in politics, as only 21% of legislators and elected officials are women, the same as in 2010. Trust in governments is low, with 7 out of 10 not trusting it they trust – a percentage almost the same as in the year of “Kastelorizos” when the country was put under memorandum supervision. The index of trust in other people has worsened, with the majority of citizens declaring that they are suspicious.
A sector with also a positive image is social interactions.
