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Key Facts: North Macedonia vs Finland Wages

North Macedonia Minimum Wage
ден207/hr ($3.95 USD)
Finland Minimum Wage
No statutory minimum wage
North Macedonia Avg. Gross Monthly Salary
ден55,000 /mo ($1,050.62 USD)
Finland Avg. Gross Monthly Salary
€3,900 /mo ($4,541.75 USD)
Data Sources
Ministry of Labour and Social Policy of North Macedonia (2026-02-25), Ministry of Economic Affairs and Employment (Työ- ja elinkeinoministeriö) (2026-02-24)

North Macedonia flag North Macedonia Finland flag Finland

Updated 2026-02-25

North Macedonia flag North Macedonia

Minimum Wage

ден207 /hr

$3.95 USD

Avg. Gross Salary

ден55,000 /mo

Finland flag Finland

No statutory minimum wage

Avg. Gross Salary

€3,900 /mo

Avg. salary: -77% North Macedonia vs Finland

Unlike Finland, which has no statutory minimum wage, North Macedonia mandates a wage floor of $4/hr. Average gross salaries diverge further: $1,051/mo in North Macedonia versus $4,542/mo in Finland, a 4.3:1 ratio. GDP per capita (PPP) in Finland is 2.4x that of North Macedonia, underscoring the structural economic divide.

North Macedonia has lower GDP per capita ($26,995 vs $65,378). North Macedonia's unemployment rate is 12.3% compared to Finland's 9.5%.

Detailed Comparison

Detailed wage comparison between North Macedonia and Finland
Metric North Macedonia Finland
Minimum wage /hr ден207 $3.95 None
Minimum wage /mo ден36,037 $688.39 None
Minimum wage /yr ден432,444 $8,260.63 None
Avg. gross salary /mo ден55,000 /mo $1,050.62 €3,900 /mo $4,541.75
Avg. net salary /mo ден38,000 /mo $725.88 €2,700 /mo $3,144.29
Median individual income /yr ден264,000 /yr $5,042.98 €35,000 /yr $40,759.29

Percentage differences are based on USD equivalent values. Positive means North Macedonia is higher.

Work Week

North Macedonia

40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.35x pay

Labour Relations Law sets standard workweek at 40 hours (8 hrs/day). Overtime limited to 8 hours per week, up to 190 hours per year. Overtime premium at least 35%. Night work (22:00-06:00) premium at least 35%. Work on rest days and holidays at least 50% premium.

Finland

40 hrs/wk standard

Max 48 hrs/wk

Overtime : 1.5x pay

Standard workweek is 40 hours (Working Hours Act / Työaikalaki). Regular daily working hours are 8 hours. Overtime for the first 2 hours is compensated at 150% and subsequent hours at 200%. Maximum overtime is 250 hours per calendar year. EU Working Time Directive limits average to 48 hrs/week.

See this comparison from Finland's perspective: Finland vs North Macedonia

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Frequently Asked Questions

Is the minimum wage higher in North Macedonia or Finland?

In North Macedonia, the minimum wage is ден207/hr ($3.95 USD). In Finland, it is no statutory minimum wage.

How much less does the average worker earn in North Macedonia compared to Finland?

The average gross salary in North Macedonia is ден55,000/mo ($1,050.62 USD), compared to €3,900/mo ($4,541.75 USD) in Finland. In USD terms, workers in North Macedonia earn approximately 332% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between North Macedonia and Finland is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Finland earn more in nominal terms, though how far that income stretches depends on local prices in North Macedonia.

How do work hours compare between North Macedonia and Finland?

Both North Macedonia and Finland 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.

What is the cost of living difference between North Macedonia and Finland?

While direct cost of living data varies by source, GDP per capita (PPP) gives a useful proxy for overall economic level. Finland has the higher GDP per capita at $65,378, which is 2.4x that of North Macedonia at $26,995. From North Macedonia's perspective, this means goods and services are priced at a lower economic level. A higher GDP per capita generally correlates with higher wages, higher consumer prices, and greater availability of goods and services. Workers moving between these two countries should expect significant differences in rent, food, and transportation costs.