From €23 to €213: minimum wage on a historic rise

The minimum wage saw a surge in the past two years, exceeding the combined increase witnessed over two legislative periods.

Minimum wage earners in Malta saw a significant increase between 2022 and 2024. The weekly minimum wage jumped from €182.83 to €213.54 per week, translating to a two-year increase of €1,597. This marks the largest annual increase since the minimum wage’s introduction in 1974.

Since 1974 the minimum wage has increased on average by €198 per year. This is a quarter of the average annual increase that has occurred in 2023 and 2024. When the minimum wage was first announced in 1974 it was €23.29 per week, or 10% of the current minimum wage.

Between 2003 and 2012, the national minimum wage increased by €32 per week, or by as much as it has risen in just two years between 2022 and 2024. During the last two years, every year the increase in the minimum wage was almost five times the annual increase observed between 2004 and 2013.

It is worth recalling that increases in the minimum wage in recent years were not taxed, while before 2013 part of the minimum wage was taxable. In addition, in recent years, those on the minimum wage have also started to qualify from new benefits such as the inwork benefit and the additional cost of living mechanism.

Main photo: Shutterstock

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