according to the article of KATHIMERINI, the highest wages compared to the rest of the economic sectors are offered by the industry in Greece and in fact at a rate that varies between 26%-32% in recent years.Correspondingly, productivity in industry reached a historic high in 2022, reaching 81,200 euros per employee, an amount that is 38% higher than the entire Greek economy. The average annual wage in industry in 2022 was higher than the corresponding size of the economy by 31.7%, a difference that ranks it in 1st place in the EU, with the European average being 4.7%. However, compared to their colleagues in Europe, the employees of the Greek industry are poorly paid.
In contrast to most EU countries, the average annual salary in Greece records a downward trend over time (-12% in 2022 compared to 2010). In 2022 the average annual wage in industry was 26,100 euros, an amount corresponding to 2/3 of the annual wages of workers in industry at EU level. (39,400 euros per year), with employees in Denmark being in 1st place in the EU. with an annual salary of more than 77,000 euros.
Productivity in industry was in 2022 at a historic high, reaching 81,200 euros per employee.
The branch within 12 years has increased its participation in the added value of the economy, export trade and investment activity. In 2022 it generated 14.4% of GDP, compared to 13.2% in 2010. Manufacturing alone generated 10.3% of GDP in 2022, up from 8.9% in 2010. After 2014 it increased jobs by 31%. Now, 1 in 4 employees are employed in industrial activities or activities due to industry. It provides highly skilled work to 3,500 full-time researchers, up from 1,900 in 2011. It produces internationally competitive products covering 90% of goods exports. The contribution of industrial exports to GDP tripled in 2022 compared to 2010 (23. 6% vs. 8%). It innovates by doubling its research and development spending in the last ten years. It has been an important source of investment over time, with 22 billion euros in investment. investments since 2010 in mechanical and technological equipment and EUR 38 billion in investment in the area of energy and transport. euro amount of total investment. In the financial crisis it contributed 22%-25% of investment, while its contribution to GDP was 12%. It is leading the effort for a green transition and climate neutrality, investing in emissions reduction and the enhanced footprint of renewables, resulting in a reduction of greenhouse gas emissions by more than 40%.
The recovery of industrial production after 2014 is characteristic, with the result that by 2022 the sector will have covered the losses of the years when the economic downturn was more pronounced. Over the period 2010-2022, the individual industrial sectors that recorded the highest output growth were electronic equipment (191%), pharmaceuticals (144%), basic metals (36%), chemicals (19. 6%), paper products (16%) and plastics (15. 8%).
In almost all sectors, however, despite the progress that has been made, the performance of the Greek industrial sector continues to deviate significantly from the EU average.