Euro Area Wage Growth  2009-2017 | Data | Chart | Calendar | Forecast

Wages and salaries per hour worked in the Euro Area increased 1.6 percent year-on-year in the last three months of 2016, after rising by 1.5 percent in the third quarter. Wage Growth in the Euro Area averaged 1.76 percent from 2009 until 2016, reaching an all time high of 3.40 percent in the second quarter of 2009 and a record low of 0.80 percent in the third quarter of 2010.

Euro Area Wage Growth
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-16 09:00 AM Q2 0.9% 1.7% 1.9%
2016-12-19 10:00 AM Q3 1.6% 0.9% 1.1%
2017-03-20 10:00 AM Q4 1.6% 1.5% 1.7%
2017-06-16 09:00 AM Q1 1.6% 1.7%
2017-09-15 09:00 AM Q2 1.8%
2017-12-19 10:00 AM Q3 2%




Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.50 9.50 12.10 7.30 percent [+]
Employed Persons 153.88 153.45 153.88 117.36 Million [+]
Unemployed Persons 15395.00 15398.00 19175.00 11363.00 Thousand [+]
Long Term Unemployment Rate 4.80 4.80 6.30 2.70 percent [+]
Youth Unemployment Rate 19.40 19.50 24.70 14.80 percent [+]
Labour Costs 112.20 102.50 112.20 85.10 Index Points [+]
Productivity 103.60 103.40 103.60 82.60 Index Points [+]
Wages 1681.00 1676.00 1681.00 1302.00 EUR/Month [+]
Wage Growth 1.60 1.50 3.40 0.80 percent [+]
Population 339.89 338.52 339.89 260.38 Million [+]
Employment Change 0.30 0.20 0.80 -0.70 percent [+]
Full Time Employment 112867.40 113544.70 118857.50 107450.40 Thousand [+]
Part Time Employment 31101.30 30656.10 31101.30 19769.20 Thousand [+]
Retirement Age Men 64.63 64.48 64.63 62.47 [+]
Retirement Age Women 63.94 63.77 63.94 61.59 [+]
Labor Force Participation Rate 57.10 57.20 57.30 55.00 percent [+]


Euro Area Wage Growth Notes

In the Euro Area, wage growth refers to the change in the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including home workers), in return for work done during the accounting period, regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly. This page provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Euro Area Wage Growth - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.50 3.40 0.80 2009 - 2016 percent Quarterly
NSA



wage growth by Country

Last
Australia 1.90 Mar/17
Euro Area 1.60 Dec/16
France 0.20 Dec/16
Germany 1.10 Dec/16
Italy 0.40 Mar/17
Japan -0.40 Mar/17
Netherlands 1.21 Apr/17
Russia 2.50 Apr/17
Switzerland 0.70 Dec/16
United Kingdom 2.40 Mar/17
United States 5.53 Mar/17