Average weekly earnings in Ireland increased by 3.4 percent year-on-year to EUR 768.14 in the third quarter of 2019, little-changed from a revised 3.6 percent growth in the previous period, as earnings rose by 1.3 percent across the public sector and by 3.9 percent across the private sector. The largest gains were recorded in the information and communication sector (EUR 1,255.49), followed by the financial, insurance and real estate activities sector (EUR 1,078.43). Meanwhile, the lowest average weekly earnings were EUR 383.75 in the accommodation and food service activities sector and EUR 495.31 in the arts, entertainment, recreation and other service activities sector. Wage Growth in Ireland averaged 0.78 percent from 2009 until 2019, reaching an all time high of 3.60 percent in the first quarter of 2019 and a record low of -2.90 percent in the first quarter of 2010. source: Central Statistics Office Ireland

Wage Growth in Ireland is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Ireland to stand at 2.80 in 12 months time. In the long-term, the Ireland Average Weekly Earnings YoY is projected to trend around 2.50 percent in 2020, according to our econometric models.

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Ireland Average Weekly Earnings YoY

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.60 3.60 -2.90 2009 - 2019 percent Quarterly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-05-27 10:00 AM Q1 3.4% 3.5% 3.6%
2019-08-28 10:00 AM Q2 3.5% 3.6% 4%
2019-11-25 11:00 AM Q3 3.4% 3.6% 3.6%
2020-02-25 11:00 AM Q4 3.4% 3.2%
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News Stream
2019-08-28
Irish Average Earnings Rise 3.5% in Q2
Average weekly earnings in Ireland increased by 3.5 percent year-on-year to EUR 771.12 in the second quarter of 2019, little-changed from a revised 3.6 percent growth in the previous period, as earnings rose by 2 percent across the public sector and by 3.9 percent across the private sector. Across the sectors of the economy, the largest gains were recorded in the information and communication sector (EUR 1,212.57), followed by the financial, insurance and real estate activities sector (EUR 1,140.09). Meanwhile, the lowest average weekly earnings were EUR 365.59 in the accommodation and food service activities sector and EUR 518.13 in the arts, entertainment, recreation and other service activities sector.


Ireland Average Weekly Earnings YoY
In Ireland, Average Weekly Earnings YoY measures the year-on-year change of Average Weekly Earnings, which correspond to the total earnings for the quarter divided by the average number of persons employed during the same period divided by 13 (number of weeks in a quarter).

Ireland Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.80 4.80 17.30 3.90 percent [+]
Employed Persons 2317.00 2299.70 2317.00 1567.70 Thousand [+]
Unemployed Persons 128.00 130.80 356.20 69.90 Thousand [+]
Unemployment Change 4442.00 -2905.00 36254.00 -32270.00 Persons [+]
Part Time Employment 469.90 463.60 489.00 268.40 Thousand [+]
Full Time Employment 1844.80 1838.30 1844.80 1299.00 Thousand [+]
Labor Force Participation Rate 62.10 62.10 66.70 59.80 percent [+]
Long Term Unemployment Rate 1.40 1.70 9.80 1.20 percent [+]
Youth Unemployment Rate 12.60 12.50 31.60 6.30 percent [+]
Labour Costs 93.70 101.10 148.90 89.10 points [+]
Minimum Wages 9.80 9.55 9.80 5.58 EUR/Hour [+]
Wages in Manufacturing 862.30 880.32 912.38 37.03 EUR/Week [+]
Population 4.84 4.78 4.84 2.82 Million [+]
Retirement Age Women 66.00 66.00 66.00 65.00 [+]
Retirement Age Men 66.00 66.00 66.00 65.00 [+]
Initial Jobless Claims 37427.00 34071.00 196988.00 20203.00 Persons [+]
Productivity 146.90 138.30 147.10 57.80 points [+]
Wage Growth 3.40 3.60 3.60 -2.90 percent [+]
Wages 768.14 771.63 771.63 676.58 EUR/Week [+]
Average Hourly Earnings 23.53 23.69 24.05 20.52 EUR [+]
Average Weekly Hours 32.60 32.60 32.80 30.90 [+]
Employment Change 0.80 -0.60 2.50 -3.70 percent [+]
Employment Rate 69.60 69.10 72.50 59.30 percent [+]