Gyronomics.
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Index calculations

Every intermediate step of the index per year: gross wage, contributions, net wage, gyro price, rounding and the final quotient, plus a unit guard and a detailed description of every special case (price regulation, Athens premium, classic-equivalent rescaling, drachma-euro transition).

Unit guard before the calculation

Before every division we verify that the net wage is in euros per month (EUR 10-3000) and the gyro price in euros per item (EUR 0.005-25), ruling out drachma/euro or cent mix-ups.

51/51 years pass the unit guard

The statutory minimum wage per year

The table reproduces the series gross wage and deduction/payment assumptions. Original drachma inputs are preserved; other drachma displays are conversions from euros. A source reference does not certify a complete annual payroll calendar. Formula: net per payment = gross × (1 − deductions); monthly annual equivalent = net per payment × payments / 12.

Gross and net statutory minimum wage per year with payments, multiplier and source
YearSeries gross wageContributionsNet per paymentPaymentsMultiplierComparable monthly (exact -> rounded)Source
19765,088.167 δρχ(14.93 €)9.88%13.46 €14x1.1667(14/12)13.46 x 1.1667 = 15.6990 → 15.70 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: Arbitration award 10/1976 (Gazette B 671/20.5.1976)
19775,899.333 δρχ(17.31 €)10.00%15.58 €14x1.1667(14/12)15.58 x 1.1667 = 18.1784 → 18.18 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: EGSSE 26.1.1977 (Gazette B 60/1.2.1977)
19787,301.75 δρχ(21.43 €)10.25%19.23 €14x1.1667(14/12)19.23 x 1.1667 = 22.4374 → 22.44 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: Arbitration award 9/1978 (Gazette B 183/3.3.1978)
19798,437.5 δρχ(24.76 €)10.25%22.22 €14x1.1667(14/12)22.22 x 1.1667 = 25.9274 → 25.93 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: Arbitration award 6/1979 (Gazette B 194/24.2.1979)
198010,240 δρχ(30.05 €)10.25%26.97 €14x1.1667(14/12)26.97 x 1.1667 = 31.4663 → 31.47 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: Arbitration award 100/1979 (Gazette B 1137/27.12.1979)
198112,747.093 δρχ(37.41 €)10.25%33.57 €14x1.1667(14/12)33.57 x 1.1667 = 39.1703 → 39.17 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: Arbitration award 120/1980 (Gazette B 1303/24.12.1980)
198219,617.667 δρχ(57.57 €)10.25%51.67 €14x1.1667(14/12)51.67 x 1.1667 = 60.2827 → 60.28 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: Arbitration award 1/1982 (Gazette B 115/19.3.1982)
198322,580 δρχ(66.27 €)12.09%58.25 €14x1.1667(14/12)58.25 x 1.1667 = 67.9606 → 67.96 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)
198428,466.333 δρχ(83.54 €)12.25%73.31 €14x1.1667(14/12)73.31 x 1.1667 = 85.5243 → 85.52 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: EGSSE 14.2.1984 (Gazette B 81/20.2.1984)
198533,576.333 δρχ(98.54 €)12.25%86.47 €14x1.1667(14/12)86.47 x 1.1667 = 100.8768 → 100.88 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)The year's legal act: EGSSE 1985 (Gazette 50/B/31-1-1985)
198637,119.667 δρχ(108.94 €)12.25%95.59 €14x1.1667(14/12)95.59 x 1.1667 = 111.5224 → 111.52 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)
198740,975 δρχ(120.25 €)12.25%105.52 €14x1.1667(14/12)105.52 x 1.1667 = 123.1054 → 123.11 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)
198847,931 δρχ(140.66 €)13.25%122.03 €14x1.1667(14/12)122.03 x 1.1667 = 142.3629 → 142.36 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)
198956,903.333 δρχ(166.99 €)13.25%144.87 €14x1.1667(14/12)144.87 x 1.1667 = 169.0122 → 169.01 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)Legal acts of the period: EGSSE archive (Government Gazette / taxheaven.gr, ELINYAE)
199066,645.667 δρχ(195.59 €)13.38%169.41 €14x1.1667(14/12)169.41 x 1.1667 = 197.6501 → 197.65 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)Legal acts of the period: EGSSE archive (Government Gazette / taxheaven.gr, ELINYAE)
199176,196.5 δρχ(223.61 €)14.01%192.29 €14x1.1667(14/12)192.29 x 1.1667 = 224.3417 → 224.34 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)Legal acts of the period: EGSSE archive (Government Gazette / taxheaven.gr, ELINYAE)
199284,823.5 δρχ(248.93 €)14.25%213.46 €14x1.1667(14/12)213.46 x 1.1667 = 249.0355 → 249.04 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)
199394,887 δρχ(278.47 €)15.80%234.47 €14x1.1667(14/12)234.47 x 1.1667 = 273.5456 → 273.55 €Monthly wage register 1976–1993 (Gyronomics, review of 27 September 2026)Legal acts of the period: EGSSE archive (Government Gazette / taxheaven.gr, ELINYAE)
1994106,996 δρχ(314.00 €)15.90%264.07 €14x1.1667(14/12)264.07 x 1.1667 = 308.0863 → 308.09 €WSI Minimum Wage Database
1995116,877 δρχ(343.00 €)15.90%288.46 €14x1.1667(14/12)288.46 x 1.1667 = 336.5402 → 336.54 €WSI Minimum Wage Database
1996126,248 δρχ(370.50 €)15.90%311.59 €14x1.1667(14/12)311.59 x 1.1667 = 363.5223 → 363.52 €WSI Minimum Wage Database
1997136,130 δρχ(399.50 €)15.90%335.98 €14x1.1667(14/12)335.98 x 1.1667 = 391.9761 → 391.98 €WSI Minimum Wage Database
1998143,456 δρχ(421.00 €)15.90%354.06 €14x1.1667(14/12)354.06 x 1.1667 = 413.0712 → 413.07 €WSI Minimum Wage Database
1999148,567 δρχ(436.00 €)15.90%366.68 €14x1.1667(14/12)366.68 x 1.1667 = 427.7887 → 427.79 €WSI Minimum Wage Database
2000154,871 δρχ(454.50 €)15.90%382.23 €14x1.1667(14/12)382.23 x 1.1667 = 445.9403 → 445.94 €WSI Minimum Wage Database
2001159,982 δρχ(469.50 €)15.90%394.85 €14x1.1667(14/12)394.85 x 1.1667 = 460.6578 → 460.66 €WSI Minimum Wage Database
2002494.50 €15.90%415.87 €14x1.1667(14/12)415.87 x 1.1667 = 485.1869 → 485.19 €WSI Minimum Wage Database
2003520.00 €16.00%436.80 €14x1.1667(14/12)436.80 x 1.1667 = 509.6000 → 509.60 €WSI Minimum Wage Database
2004546.67 €16.00%459.20 €14x1.1667(14/12)459.20 x 1.1667 = 535.7333 → 535.73 €WSI Minimum Wage Database
2005578.67 €16.00%486.08 €14x1.1667(14/12)486.08 x 1.1667 = 567.0933 → 567.09 €WSI Minimum Wage Database
2006614.00 €16.00%515.76 €14x1.1667(14/12)515.76 x 1.1667 = 601.7200 → 601.72 €WSI Minimum Wage Database
2007647.33 €16.00%543.76 €14x1.1667(14/12)543.76 x 1.1667 = 634.3867 → 634.39 €WSI Minimum Wage Database
2008687.67 €16.00%577.64 €14x1.1667(14/12)577.64 x 1.1667 = 673.9133 → 673.91 €WSI Minimum Wage Database
2009726.71 €16.00%610.43 €14x1.1667(14/12)610.43 x 1.1667 = 712.1725 → 712.17 €WSI Minimum Wage Database
2010739.56 €16.00%621.23 €14x1.1667(14/12)621.23 x 1.1667 = 724.7688 → 724.77 €WSI Minimum Wage Database
2011745.48 €16.21%624.63 €14x1.1667(14/12)624.63 x 1.1667 = 728.7392 → 728.74 €WSI Minimum Wage Database
2012613.63 €16.50%512.38 €14x1.1667(14/12)512.38 x 1.1667 = 597.7795 → 597.78 €WSI Minimum Wage Database
2013586.08 €16.50%489.38 €14x1.1667(14/12)489.38 x 1.1667 = 570.9396 → 570.94 €WSI Minimum Wage Database
2014586.08 €16.00%492.31 €14x1.1667(14/12)492.31 x 1.1667 = 574.3584 → 574.36 €WSI Minimum Wage Database
2015586.08 €15.50%495.24 €14x1.1667(14/12)495.24 x 1.1667 = 577.7772 → 577.78 €WSI Minimum Wage Database
2016586.08 €15.79%493.53 €14x1.1667(14/12)493.53 x 1.1667 = 575.7829 → 575.78 €WSI Minimum Wage Database
2017586.08 €16.00%492.31 €14x1.1667(14/12)492.31 x 1.1667 = 574.3584 → 574.36 €WSI Minimum Wage Database
2018586.08 €16.00%492.31 €14x1.1667(14/12)492.31 x 1.1667 = 574.3584 → 574.36 €WSI Minimum Wage Database
2019644.67 €15.85%542.47 €14x1.1667(14/12)542.47 x 1.1667 = 632.8858 → 632.89 €WSI Minimum Wage Database
2020650.00 €15.51%549.22 €14x1.1667(14/12)549.22 x 1.1667 = 640.7537 → 640.75 €WSI Minimum Wage Database
2021650.00 €14.12%558.22 €14x1.1667(14/12)558.22 x 1.1667 = 651.2567 → 651.26 €WSI Minimum Wage Database
2022696.33 €13.97%599.05 €14x1.1667(14/12)599.05 x 1.1667 = 698.8927 → 698.89 €WSI Minimum Wage Database
2023763.25 €13.87%657.39 €14x1.1667(14/12)657.39 x 1.1667 = 766.9518 → 766.95 €WSI Minimum Wage Database
2024817.50 €13.87%704.11 €14x1.1667(14/12)704.11 x 1.1667 = 821.4649 → 821.46 €WSI Minimum Wage Database
2025867.50 €13.37%751.52 €14x1.1667(14/12)751.52 x 1.1667 = 876.7678 → 876.77 €Ministry of Labour
2026910.00 €13.37%788.33 €14x1.1667(14/12)788.33 x 1.1667 = 919.7218 → 919.72 €Ministry of Labour

The table shows the twelve-month mean gross wage and the selected contributions for the common profile. Old one-date values are retained only in the research audit, and grade-B cells remain visible. Income tax is not deducted here. The separate scenario applies scales to 39 years from 1988, producing positive tax in 14 years under its assumptions. This does not certify an individual payslip or actual annual tax liability.

Annualisation used by the model

One annualisation rule compares full-year income on a common twelve-month basis. It is an index convention, not an individual payslip.

  1. 1976-202614 payments (x1.1667) - One conventional annualisation including bonuses and a full holiday allowance. It is not an individual payslip; lower-grade evidence cells remain separately identified.

CPI scenario comparison

CPI scenario comparison for 2026
ScenarioPriceQuotientIndexDifference
Base series (anchors, estimates and derived prices)4.30 €213.888
214
base
General CPI (counterfactual)1.51 €609.086
609
+395
Actual catering CPI, Eurostat CP11.1.1 (counterfactual)1.97 €466.863
467
+253

Spread across scenarios for 2026: 214-609 (395 classic gyros/month). Classic factor: x1.00.

The calculation pipeline

Geographic normalization: ÷1.08 (through 2022; /1.00 from 2025) · price regulation: ×1.11 (1976-1989) · drachma: ÷340.75

3/3 steps
  1. Minimum wage after employee contributions, before income tax. From 1976 and throughout the series it is the mean of the year’s twelve months, using each month’s minimum and contribution rate. Fourteen payments are annualised and divided by twelve. Lower-grade evidence cells in the early period remain separately identified. This is not the mean or median wage of employees.

Special cases and adjustments

11/11 cases

Step-by-step formulas per year

Intermediate index calculation steps for every year
YearGrossper paymentContributionNet (exact -> rounded)comparable monthlyPrice (exact -> rounded)QuotientIndexclassic gyros/monthRounding
197614.93 €/ 5,088.167 δρχ9.88%15.6990 → 15.70 €13.46 € × 1.1667 (14/12)0.0496 → 0.050 €×2.01314.0000314-9 from rounding
197717.31 €/ 5,899.333 δρχ10.00%18.1784 → 18.18 €15.58 € × 1.1667 (14/12)0.0557 → 0.056 €×2.01324.6429325-8 from rounding
197821.43 €/ 7,301.75 δρχ10.25%22.4374 → 22.44 €19.23 € × 1.1667 (14/12)0.0635 → 0.063 €×1.95356.1905356-9 from rounding
197924.76 €/ 8,437.5 δρχ10.25%25.9274 → 25.93 €22.22 € × 1.1667 (14/12)0.0746 → 0.075 €×1.92345.7333346-2 from rounding
198030.05 €/ 10,240 δρχ10.25%31.4663 → 31.47 €26.97 € × 1.1667 (14/12)0.0906 → 0.091 €×1.86345.8242346-5 from rounding
198137.41 €/ 12,747.093 δρχ10.25%39.1703 → 39.17 €33.57 € × 1.1667 (14/12)0.1078 → 0.108 €×1.81362.6852363-4 from rounding
198257.57 €/ 19,617.667 δρχ10.25%60.2827 → 60.28 €51.67 € × 1.1667 (14/12)0.1269 → 0.127 €×1.78474.6457475+2 from rounding
198366.27 €/ 22,580 δρχ12.09%67.9606 → 67.96 €58.25 € × 1.1667 (14/12)0.1462 → 0.146 €×1.73465.4795465+4 from rounding
198483.54 €/ 28,466.333 δρχ12.25%85.5243 → 85.52 €73.31 € × 1.1667 (14/12)0.1732 → 0.173 €×1.69494.3353494-3 from rounding
198598.54 €/ 33,576.333 δρχ12.25%100.8768 → 100.88 €86.47 € × 1.1667 (14/12)0.1999 → 0.200 €×1.64504.4000504-1 from rounding
1986108.94 €/ 37,119.667 δρχ12.25%111.5224 → 111.52 €95.59 € × 1.1667 (14/12)0.2410 → 0.241 €×1.62462.7386463-2 from rounding
1987120.25 €/ 40,975 δρχ12.25%123.1054 → 123.11 €105.52 € × 1.1667 (14/12)0.2719 → 0.272 €×1.58452.6103453+1 from rounding
1988140.66 €/ 47,931 δρχ13.25%142.3629 → 142.36 €122.03 € × 1.1667 (14/12)0.3001 → 0.300 €×1.54474.5333475+2 from rounding
1989166.99 €/ 56,903.333 δρχ13.25%169.0122 → 169.01 €144.87 € × 1.1667 (14/12)0.3354 → 0.335 €×1.52504.5075505-
1990195.59 €/ 66,645.667 δρχ13.38%197.6501 → 197.65 €169.41 € × 1.1667 (14/12)0.4089 → 0.409 €×1.49483.2518483-
1991223.61 €/ 76,196.5 δρχ14.01%224.3417 → 224.34 €192.29 € × 1.1667 (14/12)0.4808 → 0.481 €×1.41466.4033466-
1992248.93 €/ 84,823.5 δρχ14.25%249.0355 → 249.04 €213.46 € × 1.1667 (14/12)0.5533 → 0.553 €×1.36450.3436450-1 from rounding
1993278.47 €/ 94,887 δρχ15.80%273.5456 → 273.55 €234.47 € × 1.1667 (14/12)0.6213 → 0.621 €×1.30440.4992440+1 from rounding
1994314.00 €/ 106,996 δρχ15.90%308.0863 → 308.09 €264.07 € × 1.1667 (14/12)0.6789 → 0.679 €×1.26453.7408454+1 from rounding
1995343.00 €/ 116,877 δρχ15.90%336.5402 → 336.54 €288.46 € × 1.1667 (14/12)0.7467 → 0.747 €×1.21450.5221451+1 from rounding
1996370.50 €/ 126,248 δρχ15.90%363.5223 → 363.52 €311.59 € × 1.1667 (14/12)0.8114 → 0.811 €×1.17448.2367448-
1997399.50 €/ 136,130 δρχ15.90%391.9761 → 391.98 €335.98 € × 1.1667 (14/12)0.8478 → 0.848 €×1.13462.2406462-
1998421.00 €/ 143,456 δρχ15.90%413.0712 → 413.07 €354.06 € × 1.1667 (14/12)0.8981 → 0.898 €×1.09459.9889460borderline (±0.5)
1999436.00 €/ 148,567 δρχ15.90%427.7887 → 427.79 €366.68 € × 1.1667 (14/12)1.0216 → 1.022 €×1.05418.5812419-
2000454.50 €/ 154,871 δρχ15.90%445.9403 → 445.94 €382.23 € × 1.1667 (14/12)1.1141 → 1.114 €×1.03400.3052400-
2001469.50 €/ 159,982 δρχ15.90%460.6578 → 460.66 €394.85 € × 1.1667 (14/12)1.1794 → 1.179 €×1.01390.7209391-
2002494.50 €15.90%485.1869 → 485.19 €415.87 € × 1.1667 (14/12)1.2301 → 1.23 €×0.99394.4634394-
2003520.00 €16.00%509.6000 → 509.60 €436.80 € × 1.1667 (14/12)1.2796 → 1.28 €×0.98398.1250398-
2004546.67 €16.00%535.7333 → 535.73 €459.20 € × 1.1667 (14/12)1.3249 → 1.32 €×0.96405.8561406-1 from rounding
2005578.67 €16.00%567.0933 → 567.09 €486.08 € × 1.1667 (14/12)1.3776 → 1.38 €×0.95410.9348411+1 from rounding
2006614.00 €16.00%601.7200 → 601.72 €515.76 € × 1.1667 (14/12)1.4304 → 1.43 €×0.93420.7832421+1 from rounding
2007647.33 €16.00%634.3867 → 634.39 €543.76 € × 1.1667 (14/12)1.4816 → 1.48 €×0.92428.6419429+1 from rounding
2008687.67 €16.00%673.9133 → 673.91 €577.64 € × 1.1667 (14/12)1.5534 → 1.55 €×0.91434.7806435+1 from rounding
2009726.71 €16.00%712.1725 → 712.17 €610.43 € × 1.1667 (14/12)1.5902 → 1.59 €×0.89447.9057448-
2010739.56 €16.00%724.7688 → 724.77 €621.23 € × 1.1667 (14/12)1.6707 → 1.67 €×0.88433.9940434-1 from rounding
2011745.48 €16.21%728.7392 → 728.74 €624.63 € × 1.1667 (14/12)1.7500 → 1.75 €×0.88416.4229416-
2012613.63 €16.50%597.7795 → 597.78 €512.38 € × 1.1667 (14/12)1.7814 → 1.78 €×0.87335.8315336-
2013586.08 €16.50%570.9396 → 570.94 €489.38 € × 1.1667 (14/12)1.7691 → 1.77 €×0.86322.5650323borderline (±0.5)
2014586.08 €16.00%574.3584 → 574.36 €492.31 € × 1.1667 (14/12)1.7568 → 1.76 €×0.86326.3409326-
2015586.08 €15.50%577.7772 → 577.78 €495.24 € × 1.1667 (14/12)1.8296 → 1.83 €×0.85315.7268316-
2016586.08 €15.79%575.7829 → 575.78 €493.53 € × 1.1667 (14/12)1.8986 → 1.90 €×0.86303.0421303-
2017586.08 €16.00%574.3584 → 574.36 €492.31 € × 1.1667 (14/12)1.9688 → 1.97 €×0.88291.5533292-
2018586.08 €16.00%574.3584 → 574.36 €492.31 € × 1.1667 (14/12)1.9958 → 2.00 €×0.89287.1800287-
2019644.67 €15.85%632.8858 → 632.89 €542.47 € × 1.1667 (14/12)2.0700 → 2.07 €×0.90305.7440306-
2020650.00 €15.51%640.7537 → 640.75 €549.22 € × 1.1667 (14/12)2.1134 → 2.11 €×0.91303.6730304-
2021650.00 €14.12%651.2567 → 651.26 €558.22 € × 1.1667 (14/12)2.3150 → 2.32 €×0.93280.7155281borderline (±0.5)
2022696.33 €13.97%698.8927 → 698.89 €599.05 € × 1.1667 (14/12)2.6790 → 2.68 €×0.94260.7799261-
2023763.25 €13.87%766.9518 → 766.95 €657.39 € × 1.1667 (14/12)2.9897 → 2.99 €×0.95256.5050257-
2024817.50 €13.87%821.4649 → 821.46 €704.11 € × 1.1667 (14/12)3.6056 → 3.61 €×0.97227.5512228-
2025867.50 €13.37%876.7678 → 876.77 €751.52 € × 1.1667 (14/12)4.1038 → 4.10 €×0.98213.8463214-
2026910.00 €13.37%919.7218 → 919.72 €788.33 € × 1.1667 (14/12)4.3000 → 4.30 €213.8884214-

Monthly equivalent = gross × (1 − deductions) × 14 / 12, rounded to cents only at the end. Gross and deductions are twelve-month means. Drachma conversion and the intermediate amount retain full precision. Income tax is not deducted. Lower-grade early evidence cells remain identified. The period price follows the series precision. Index = round(monthly equivalent ÷ selected price). The ‘from rounding’ label identifies a difference from the quotient before intermediate rounding. Equivalence = 0.7 × min(grams / 88, 1.35) + 0.3 × (0.65 + 0.35 × fries share). Equivalence, its reciprocal factor and the classic price are successively rounded to 3 decimals. The wage is divided by that price and the quotient rounded to an integer. Historical meat weights and changes in composition are model assumptions, not a series of market measurements. The assumed peak and decline in portion size need verification. The present-day weight defines the reference product. The era price refers to the wrap sold at the time; the classic price and weight-adjusted index depend on these assumptions.

Sensitivity analysis: how much does the assumption matter?

Move the three rescaling assumptions and watch how each era's index responds. This is a what-if: the published index figures do not change.

Sensitivity of the index to the assumptions, by year
Yearg of gyrobase 2026: 88EquivalenceIndex (published)Index (what-if)Δ
1976D3850%(50%)3143140
1985D5261%(61%)5045040
1998B8092%(92%)4604600
2002B89101%(101%)3943940
2011B106114%(114%)4164160
2026B88100%(100%)2142140

Under the current assumptions the peak lands in 1985 at 504 classic gyros/month. The conclusion "today's purchasing power is below the peak" survives across the whole 40-90% meat-share range - the size of the drop does not.

The base year changes the unit, not the finding: across each of the 28 base years that never trigger the cap, the drop from 2011 to 2026 stays between 48.2% and 48.7%.