More than eight years after Greece exited the bailout programs and
More than eight years after Greece exited the bailout programs and despite the return of the economy to positive growth rates, wages continue to lag well behind European standards. Government responsibility is evident, as the reality on the ground contradicts the official narrative of broad-based recovery.
According to the 2025 interim report of the Labor Institute of the General Confederation of Greek Workers (GSEE), the economic rebound has not translated into a comparable rise in prosperity. Greece’s per capita GDP in purchasing power standards (PPS) rose from 65.5% of the EU average in 2019 to just 68.5% in 2024—an improvement of only three percentage points, compared with an 11-point gain in Bulgaria over the same period.
The data point to a pattern of structural divergence, where increases in output and GDP fail to result in higher wages or improved living conditions for workers.
The gap in prosperity between Greece and the EU remains stark. In real terms, per capita GDP stood at 17,210 euros in Greece in 2019, compared with 32,270 euros across the EU. By 2024, the difference still hovered around 14,600 euros. Despite the post-2021 recovery, the distance from the European average has not
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