Wages and salaries in the Euro Area increased 2.5 percent year-on-year in the first quarter of 2019 following a 2.3 percent advance in the previous three-month period. That was the strongest wage growth in almost a decade, comfortably above the first-quarter inflation rate of 1.4 percent. Among Eurozone's largest economies, wage growth accelerated in Germany (2.5 percent vs 2.3 percent), France (2.8 percent vs 2.0 percent), Italy (1.9 percent vs 1.6 percent) and Spain (2.2 percent vs 1.2 percent). Wage Growth in the Euro Area averaged 1.81 percent from 2009 until 2019, 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.

Wage Growth in Euro Area is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Euro Area to stand at 2.50 in 12 months time. In the long-term, the Euro Area Wage Growth is projected to trend around 2.60 percent in 2020, according to our econometric models.

Euro Area Wage Growth
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-14 09:00 AM Wage Growth YoY Q2 1.9% 1.8% 2%
2018-12-14 10:00 AM Wage Growth YoY Q3 2.4% 2.1% 2%
2019-03-19 10:00 AM Wage Growth YoY Q4 2.3% 2.3% 2.5%
2019-06-17 09:00 AM Wage Growth YoY Q1 2.5% 2.3% 2.2%
2019-09-13 09:00 AM Wage Growth YoY Q2 2.5% 2.3%
2019-12-16 10:00 AM Wage Growth YoY Q3 2.6%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.50 7.60 12.10 7.30 percent [+]
Unemployed Persons 12263.00 12443.00 19197.00 11391.00 Thousand [+]
Employed Persons 159.53 158.98 159.53 117.36 Million [+]
Long Term Unemployment Rate 3.50 3.50 6.30 2.70 percent [+]
Youth Unemployment Rate 15.70 15.80 24.80 14.80 percent [+]
Productivity 105.10 105.20 105.30 82.60 Index Points [+]
Labour Costs 99.60 110.60 110.60 83.30 Index Points [+]
Wage Growth 2.50 2.30 3.40 0.80 percent [+]
Population 340.72 339.88 340.72 260.38 Million [+]
Employment Change 0.30 0.30 0.80 -0.70 percent [+]
Part Time Employment 31594.70 31393.20 31594.70 19769.20 Thousand [+]
Labor Force Participation Rate 57.40 57.30 57.40 55.00 percent [+]
Full Time Employment 115273.20 116162.30 118849.00 107485.60 Thousand [+]
Retirement Age Men 64.36 64.27 64.36 62.24 [+]
Retirement Age Women 63.96 63.86 63.96 61.66 [+]


Euro Area Wage Growth

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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.30 3.40 0.80 2009 - 2019 percent Quarterly
WDA




Country Last Previous
Argentina 2.77 Apr/19
Australia 2.30 Mar/19
Canada 2.90 Apr/19
Euro Area 2.50 Mar/19
France 0.80 Mar/19
Germany 1.20 Mar/19
Italy 1.60 May/19
Japan -0.20 May/19
Netherlands 2.34 Jun/19
Russia 2.30 Jun/19
Spain 4.62 May/19
Switzerland 0.50 Mar/19
United Kingdom 3.40 May/19
United States 3.59 May/19


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