Minimum wages and benchmark rates in Europe

Statutory monthly minimum wages (gross, EUR and PPS) from Eurostat's semi-annual earn_mw_cur series for the 5 countries listed below, alongside ECB benchmark rates: the 3-month EURIBOR monthly average and the euro short-term rate (€STR). Latest minimum-wage period: 2026-S2.

Data updated: 25 Aug 2026

3-month EURIBOR

2.425 %

monthly average, 2026-07

unsecured bank borrowing, 3 months

€STR (ESTER)

2.189 %

21 Aug 2026

euro short-term overnight rate

Highest minimum wage

2771 €/mo

Luxembourg, 2026-S2

2108 PPS adjusted

Lowest minimum wage

620 €/mo

Bulgaria, 2026-S2

993 PPS adjusted

Statutory minimum wages by country

Data updated: 25 Aug 2026

Country Minimum wage (€/month) PPS adjusted YoY % Since
Luxembourg 2771 2108 2.5 2026-S2
Ireland 2391 1756 4.8 2026-S2
Germany 2343 2164 8.4 2026-S2
Netherlands 2338 2023 4.1 2026-S2
Belgium 2234 1922 5.8 2026-S2
France 1867 1692 3.6 2026-S2
Slovenia 1482 1660 16.0 2026-S2
Spain 1425 1556 3.2 2026-S2
Lithuania 1153 1393 11.1 2026-S2
Poland 1119 1547 1.7 2026-S2
Cyprus 1088 1220 8.8 2026-S2
Greece 1073 1229 4.5 2026-S2
Portugal 1073 1240 5.7 2026-S2
Croatia 1050 1339 8.2 2026-S2
Malta 994 1081 3.4 2026-S2
Estonia 946 935 6.8 2026-S2
Czechia 923 1015 9.8 2026-S2
Slovakia 915 1074 12.1 2026-S2
Hungary 906 1048 24.6 2026-S2
Romania 825 1317 3.5 2026-S2
Latvia 780 938 5.4 2026-S2
Bulgaria 620 993 12.5 2026-S2

No statutory minimum wage: Austria, Denmark, Finland, Italy, Sweden; wages there are set by collective agreements. Amounts are gross monthly salaries.

3-month EURIBOR, monthly average (%)

1.984last 36 observations3.972 %

Latest 2026-07: 2.425%

Euro short-term rate (€STR), daily (%)

2.183last 30 observations2.191 %

Euro short-term rate (€STR), latest 21 Aug 2026: 2.189%

Sources: Eurostat monthly minimum wages · ECB benchmark rates (EURIBOR, €STR).