{"id":448062,"date":"2020-03-04T20:27:21","date_gmt":"2020-03-04T20:27:21","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=448062"},"modified":"2020-03-04T20:38:35","modified_gmt":"2020-03-04T20:38:35","slug":"incomes-and-salaries-are-rising-purchasing-power-is-still-the-same-expert","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/incomes-and-salaries-are-rising-purchasing-power-is-still-the-same-expert\/","title":{"rendered":"Incomes and salaries are rising, purchasing power is still the same. Expert"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Almost 70 thousand Moldovan citizens had monthly salaries over 10 thousand lei<\/strong> (about 580 dollars) last year.\u00a0For the first time, people with salaries higher than ten thousand lei – 69.9 thousand persons – exceeded the number of those with salaries below 3 thousand lei<\/strong> (about 170 dollars) – 62.8 thousand persons recorded, informed<\/a> the expert in economics Veaceslav Ioni\u021b\u0103 while referring to the National Bureau of Statistics (NBS) data.<\/p>\n

Moreover, the number of employees who received salaries over 10 thousand lei was 4.5 times lower five years ago. In the same period, the number of those with worst salaries (up to 3 thousand lei) decreased 3.4 times, from 215.5 thousand people in 2014, to 62.8 thousand in 2019, their share being reduced from 50% to 14%.<\/p>\n

The highest salaries are paid to the employees working in information technologies (17 589,5 lei on average), financial activities and insurances (15 918.6 lei), as well as production and distribution of electricity, gas and water, where workers receive on average a salary of 13 525.8 lei per month, as NBS data presented<\/a>.<\/p>\n

On the other hand, there were 1760 <\/span>Moldovans who registered official revenues of over one million lei<\/strong> in 2018, according to the State Tax Service. That is while an average citizen from the Republic of Moldova managed to earn only 2383.1 lei<\/strong> each month in 2018.<\/p>\n

Salaries are the most important source of income<\/a> for Moldovans, according to the NBS, with a share of 43.7% in total revenues.\u00a0Social benefits are the second source of income, representing 24.7% of the average monthly income of the population.\u00a0Individual activities amounted 12.7% of the average monthly income, out of which 7.3% were represented by individual agricultural activity.<\/p>\n

Money remittances<\/span> from outside the country remained a significant source for a common household budget in Moldova. On average, they represent 15% of total revenues.<\/p>\n

“The leu [Moldovan national currency] in 2019 had a purchasing power of 39% lower than in 2014. So a salary of 3 thousand lei in 2014 means 4 200 lei in 2019,”<\/em> explained Ioni\u021b\u0103. Therefore, not only the nominal value from one year to another shall be compared, but also the amount of goods and services that can be purchased using this money.<\/p>\n

Moldova, Kosovo and Ukraine have the lowest average purchasing power in Europe, according to a study<\/a> conducted by GfK.\u00a0Per capita purchasing power grew by approximately 3.5% in 2019, which is significantly higher than last year\u2019s value. This corresponds to an average per capita purchasing power of 14 739 euros<\/strong>. See the map below:<\/p>\n

\"\"<\/p>\n

Photo:\u00a0Kevin Schneider<\/a>\u00a0|Pixabay<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>Almost 70 thousand Moldovan citizens had monthly salaries over 10 thousand lei (about 580 dollars) last year.\u00a0For the first time, people with salaries higher than ten thousand lei – 69.9 thousand persons – exceeded the number of those with salaries below 3 thousand lei (about 170 dollars) – 62.8 thousand persons recorded, informed the expert […]<\/p>\n","protected":false},"author":31,"featured_media":448064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,4],"tags":[526,626,35,623,625,27,624,121],"class_list":["post-448062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-society","tag-economics","tag-gfk","tag-important","tag-incomes","tag-industry","tag-moldova","tag-purchasing-power","tag-salaries"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

Almost 70 thousand Moldovan citizens had monthly salaries over 10 thousand lei<\/strong> (about 580 dollars) last year.\u00a0For the first time, people with salaries higher than ten thousand lei – 69.9 thousand persons – exceeded the number of those with salaries below 3 thousand lei<\/strong> (about 170 dollars) – 62.8 thousand persons recorded, informed<\/a> the expert in economics Veaceslav Ioni\u021b\u0103 while referring to the National Bureau of Statistics (NBS) data.<\/p>\n

Moreover, the number of employees who received salaries over 10 thousand lei was 4.5 times lower five years ago. In the same period, the number of those with worst salaries (up to 3 thousand lei) decreased 3.4 times, from 215.5 thousand people in 2014, to 62.8 thousand in 2019, their share being reduced from 50% to 14%.<\/p>\n

The highest salaries are paid to the employees working in information technologies (17 589,5 lei on average), financial activities and insurances (15 918.6 lei), as well as production and distribution of electricity, gas and water, where workers receive on average a salary of 13 525.8 lei per month, as NBS data presented<\/a>.<\/p>\n

On the other hand, there were 1760 <\/span>Moldovans who registered official revenues of over one million lei<\/strong> in 2018, according to the State Tax Service. That is while an average citizen from the Republic of Moldova managed to earn only 2383.1 lei<\/strong> each month in 2018.<\/p>\n

Salaries are the most important source of income<\/a> for Moldovans, according to the NBS, with a share of 43.7% in total revenues.\u00a0Social benefits are the second source of income, representing 24.7% of the average monthly income of the population.\u00a0Individual activities amounted 12.7% of the average monthly income, out of which 7.3% were represented by individual agricultural activity.<\/p>\n

Money remittances<\/span> from outside the country remained a significant source for a common household budget in Moldova. On average, they represent 15% of total revenues.<\/p>\n

“The leu [Moldovan national currency] in 2019 had a purchasing power of 39% lower than in 2014. So a salary of 3 thousand lei in 2014 means 4 200 lei in 2019,”<\/em> explained Ioni\u021b\u0103. Therefore, not only the nominal value from one year to another shall be compared, but also the amount of goods and services that can be purchased using this money.<\/p>\n

Moldova, Kosovo and Ukraine have the lowest average purchasing power in Europe, according to a study<\/a> conducted by GfK.\u00a0Per capita purchasing power grew by approximately 3.5% in 2019, which is significantly higher than last year\u2019s value. This corresponds to an average per capita purchasing power of 14 739 euros<\/strong>. See the map below:<\/p>\n

\"\"<\/p>\n

Photo:\u00a0Kevin Schneider<\/a>\u00a0|Pixabay<\/a><\/p>\n

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