Salaries Dropping in Germany Due to Coronavirus

The coronavirus crisis has had negative consequences on the earnings of German citizens. For the first time since this kind of research started being carried out, in 2007, the nominal salaries dropped last year, as announced by the Federal Statistical Office in Wiesbaden.

Including extraordinary payments, gross salaries were on average 0.6% lower than a year before.

At the same time, consumer prices rose 0.5%. In other words, in real terms, workers had around 1% less at their disposal than in 2019.

Federal Statistical Office of Germany

coronavirus

Covid 19

pandemic

crisis

earnings of German citizens

salaries in Germany

drop in salaries

consumer prices