Key Facts: Greece vs Faroe Islands Wages
- Greece Minimum Wage
- €5.31/hr ($6.18 USD)
- Faroe Islands Minimum Wage
- No statutory minimum wage
- Greece Avg. Gross Monthly Salary
- €1,400 /mo ($1,630.37 USD)
- Faroe Islands Avg. Gross Monthly Salary
- kr34,278 /mo ($5,341.42 USD)
- Data Sources
- Ministry of Labour and Social Security (Υπουργείο Εργασίας και Κοινωνικής Ασφάλισης); 2026 figure verified via Wikipedia EU member states by minimum wage table (eff 2026-04-01) (2026-05-04), Statistics Faroe Islands (hagstova.fo) (2026-05-04)
Greece 
Faroe Islands
Updated 2026-05-04
Unlike Faroe Islands, which has no statutory minimum wage, Greece mandates a wage floor of $6/hr. Average gross salaries diverge further: $1,630/mo in Greece versus $5,341/mo in Faroe Islands, a 3.3:1 ratio.
Detailed Comparison
| Metric | Greece | Faroe Islands |
|---|---|---|
| Minimum wage /hr | €5.31 $6.18 | None |
| Minimum wage /mo | €920 $1,071.39 | None |
| Minimum wage /yr | €12,880 $14,999.42 | None |
| Avg. gross salary /mo | €1,400 /mo $1,630.37 | kr34,278 /mo $5,341.42 |
| Avg. net salary /mo | €1,100 /mo $1,281.01 | N/A/mo |
| Median individual income /yr | €12,800 /yr $14,906.25 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means Greece is higher.
Work Week
- Greece
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.2x pay
Standard workweek is 40 hours across 5 days (Labour Law). Overtime beyond 40 hours is compensated at 120% for the first 5 hours per week and 140% thereafter. In 2024, Greece introduced optional 6-day workweek legislation for certain industries, with the 6th day paid at 140%. EU Working Time Directive limits average to 48 hrs/week.
- Faroe Islands
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Working conditions governed by collective agreements.
See this comparison from Faroe Islands's perspective: Faroe Islands vs Greece
Compare Greece with...
Greece vs United States $ 7.25 /hr 
Greece vs China ¥ 25 /hr 
Greece vs Germany € 13.9 /hr 
Greece vs United Kingdom £ 12.71 /hr 
Greece vs India ₹ 4,576 /mo 
Greece vs Japan ¥ 1,121 /hr 
Greece vs France € 12.02 /hr 
Greece vs South Korea ₩ 10,320 /hr 
Greece vs Canada C$ 18.1 /hr 
Greece vs Australia A$ 24.95 /hr 
Greece vs Brazil R$ 7.37 /hr 
Greece vs Russia ₽ 156.31 /hr 
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Greece vs Indonesia Rp 33,058 /hr 
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Greece vs Saudi Arabia ﷼ 23.08 /hr 
Greece vs Turkey ₺ 164.94 /hr 
Greece vs Taiwan NT$ 190 /hr 
Greece vs Switzerland 
Greece vs Poland zł 31.4 /hr 
Greece vs Thailand ฿ 10,400 /mo 
Greece vs Sweden 
Greece vs Argentina ARS 1,762 /hr 
Greece vs Singapore Frequently Asked Questions
Is the minimum wage higher in Greece or Faroe Islands?
In Greece, the minimum wage is €5.31/hr ($6.18 USD). In Faroe Islands, it is no statutory minimum wage.
How much less does the average worker earn in Greece compared to Faroe Islands?
The average gross salary in Greece is €1,400/mo ($1,630.37 USD), compared to kr34,278/mo ($5,341.42 USD) in Faroe Islands. In USD terms, workers in Greece earn approximately 228% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Greece and Faroe Islands is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Faroe Islands earn more in nominal terms, though how far that income stretches depends on local prices in Greece.
How do work hours compare between Greece and Faroe Islands?
Both Greece and Faroe Islands mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.