Women make up one out of three managers in the EU, but earn on average nearly 25% less, according to figures from Eurostat, the statistical body of the European Union.

From data shows nearly 7.3 million persons holding managerial positions in enterprises with 10 employees or more located in the EU: 4.7 million are men (65% of all managers) and 2.6 million are women (35%). Eurostat states that although representing approximately half of all employed persons in the EU, women continue to be underrepresented amongst managers. In addition, those women in managerial positions in the EU earn 23.4% less on average than men, meaning that female managers earn on average 77 cents for every euro a male manager makes per hour.

The largest share of women among managerial positions is recorded in Latvia, the only member state where women are a majority (53%) in this occupation. It is followed by Bulgaria and Poland (both 44%), and then Ireland (43%).

At the opposite end of the scale, women account for less than a quarter of managers in Germany, Italy and Cyprus (all 22%), Belgium and Austria (both 23%) as well as Luxembourg (24%).

Differences between women and men in managerial positions also relate to wages. In every EU member state, male managers earn more than female managers, albeit in different proportions. The gender pay gap in managerial positions is the narrowest in Romania (5.0%). In contrast, a female manager earns about a third less than her male counterpart in Hungary (33.7%), Italy (33.5%) as well as the Czech Republic (29.7%).

The data comes as International Women’s Day is celebrated on 8 March 2017.