15.03.2024
HOW MUCH ARE WAGES INCREASING IN INDIVIDUAL SECTORS?
In eight economic activities, average wages are above the national average, which at the end of 2023 is BGN 2,123. Those employed in these activities are about 34% of all. However, average wages are lower in eleven economic activities, employing about 66% of all employed. This is shown by data from the Ministry of Labor and Social Policy at the end of 2023.
The highest salaries in our country are in "Creation and dissemination of information and creative products, telecommunications" - BGN 4,852, and in one year the average there has increased by 9.8%. In the economic activity "Production and distribution of electric and thermal energy and gaseous fuels" an average salary of BGN 3,278 was recorded, and its growth for the year was 11.7%.
In "Financial and insurance activities", the average salary is BGN 3,086, and it has risen by 8.2% in a year. Those working in "Professional activities and scientific research" earn BGN 2,820, in "Mining Industry" - BGN 2,797, and in "State Administration" - BGN 2,572, where, however, the average salary has also increased by nearly 15 percent for a year.
The biggest increase was in salaries in "Education" - by 16.7 percent, with the average there now being BGN 2,526. In "Human Health and Social Work" an average salary of BGN 2,185 was reported, which is an annual growth of 10.3%.
Of the 11 sectors with lower wages, the highest wages are in the economic activity "Trade, repair of cars and motorcycles" - BGN 1,803, which has increased by 11.2%. It is followed by "Culture, sports and entertainment" - BGN 1,808, salaries increase by 12.9% on an annual basis, and "Real estate operations" - BGN 1,836, a positive growth on an annual basis of 12.4%.
Wages remain the lowest in "Hospitality and restaurant industry" - only BGN 1,304, despite the growth of nearly 20 percent in a year. In "Agriculture, Forestry and Fisheries", an average salary of BGN 1,460 is reported in the fourth quarter of 2023, a positive growth on an annual basis of 5.5%. In "Transport, warehousing and communications" there is also a serious increase in wages - by 17.2%, with the average at the end of 2023 already being BGN 1,742.
The data also show that those working in the public sector receive higher salaries than those in the private sector. In the private sector, an average salary of BGN 2,065 was reported, a 12.7 percent nominal growth compared to the same period in 2022, while in the public sector, the average salary was BGN 2,297, a growth of 14% for the year. In the public sector, the highest salaries are in the economic activity "Financial and insurance activities" - BGN 5,102, and they beat those in the private sector, where the highest average remuneration is in "Creation and dissemination of information and creative products; telecommunications" - BGN 4,906, in one year the average salary there has grown by 9.5%.
There is also a serious difference in wages in different areas in our country. The region with the highest average salary is Sofia (capital) - BGN 2,900, 36.6% higher than the average salary for the country, compared to the quarter of 2022, it increased by 6.5%.
The district with the lowest average salary is Vidin - BGN 1,397. It is about 65.8% of the average for the country, compared to the fourth quarter of 2022, it increases by 2%. Other districts with low average wages are Blagoevgrad - BGN 1,417 (66.7% of the national average), Kyustendil - BGN 1,424 (67.1% of the national average), Smolyan - BGN 1,433 (67, 5% of the national average). The largest increase in the average salary in the fourth quarter of 2023, compared to the same period of 2022, was recorded in Vratsa (11.4%) and Targovishte (9.9%), the smallest in Vidin - 2.0%.
