Wages in the Euro Area increased 2.3 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 2.3 percent growth in the previous period. Wage Growth in the Euro Area averaged 1.80 percent from 2009 until 2018, 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 2.30 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 2.40 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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Calendar GMT Actual Previous Consensus TEForecast
2018-06-15 09:00 AM Wage Growth YoY 1.8% 1.6% 1.8%
2018-09-14 09:00 AM Wage Growth YoY 1.9% 1.8% 2%
2018-12-14 10:00 AM Wage Growth YoY 2.4% 2.1% 2%
2019-03-19 10:00 AM Wage Growth YoY 2.3% 2.3% 2.5%
2019-06-17 09:00 AM Wage Growth YoY 2.3% 2.2%
2019-09-13 09:00 AM Wage Growth YoY 2.3%
2019-12-16 10:00 AM Wage Growth YoY 2.6%


Euro Area Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.70 7.80 12.10 7.30 percent [+]
Unemployed Persons 12545.00 12642.00 19197.00 11391.00 Thousand [+]
Employed Persons 158.90 158.29 158.90 117.36 Million [+]
Long Term Unemployment Rate 3.50 3.90 6.30 2.70 percent [+]
Youth Unemployment Rate 16.00 16.20 24.70 14.80 percent [+]
Productivity 105.10 105.20 105.30 82.60 Index Points [+]
Labour Costs 116.60 106.40 116.60 85.10 Index Points [+]
Wage Growth 2.30 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 30964.20 31590.00 31590.00 19769.20 Thousand [+]
Labor Force Participation Rate 57.30 57.20 57.30 55.00 percent [+]
Full Time Employment 116891.60 115128.60 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.30 3.40 0.80 2009 - 2018 percent Quarterly
WDA




Country Last Previous
Argentina 2.74 Feb/19
Australia 2.30 Mar/19
Canada 1.10 Feb/19
Euro Area 2.30 Dec/18
France 0.40 Jun/18
Germany 1.40 Dec/18
Italy 1.50 Mar/19
Japan -1.90 Mar/19
Netherlands 2.34 Apr/19
Russia 0.00 Mar/19
Switzerland 0.50 Sep/18
United Kingdom 3.20 Mar/19
United States 4.19 Mar/19


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