5 Countries with the Highest Average Salaries in Europe

3. Denmark

Average Salary: $71,268

In Denmark, the private sector has seen significant growth in wages over the past year, with an annual increase of 4.9% compared to the previous year. This rise outpaces the country’s inflation rate, which has dropped to around 1%. Consequently, Danish workers are experiencing a ‘real’ increase in their purchasing power, with their wages yielding more in terms of goods and services after accounting for inflation. The strong wage growth reached its highest pace in 15 years due to record high employment rates and collective bargaining agreements.