1. What is the Average Salary Calculation?

The average salary is calculated by summing all individual salaries and dividing by the number of employees. In Malta, the average annual salary was €21,888 in Q3 2024 according to official statistics.

2. How Does the Calculator Work?

The calculator uses the basic average formula:

Where:

• \( \Sigma(\text{Salaries}) \) — Sum of all individual salaries
• \( \text{Number of Employees} \) — Total count of employees

3. Importance of Average Salary

Details: The average salary is a key economic indicator that helps understand wage levels, compare different sectors, and assess living standards in a country.

4. Using the Calculator

Tips: Enter all salaries in EUR, either separated by commas or on separate lines. The calculator will automatically sum them and divide by the count to give the average.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between average and median salary?
A: Average is the sum divided by count, while median is the middle value. Average can be skewed by very high or low salaries.

Q2: How often is Malta's average salary updated?
A: Official statistics are typically published quarterly by Malta's National Statistics Office.

Q3: Does this include all compensation?
A: Typically this refers to gross base salary before taxes and excluding bonuses or benefits.

Q4: What sectors have the highest salaries in Malta?
A: Typically finance, iGaming, and IT sectors offer above-average salaries in Malta.

Q5: How does Malta compare to EU averages?
A: Malta's average salary is slightly below the EU average but has been growing steadily in recent years.