It will come as no surprise that Luxembourgish salaries are the highest in the European Union, standing at an average of 64.932€ gross per year.
But this impressive number is distorted by some very high-paying sectors, while others may be well below the average. The Statec looked at the issue in a study published in January 2021. They found that in relation to a “reference salary” (taken from the health and social sector), the sectors of industry (-20,17%), construction (-37,41%) and hospitality (-50,52%) pay particularly poorly.
On the other extreme, salaries are higher in information and communication (+14,29%) and public administration (+26,76%). The difference increases even more for finance and insurance (+45,31%) and education (+44,70%). The fact that finance makes up a large part of our economy distorts this even further.
Here are the average gross incomes per year by sector:
