Wages in South Africa decreased to 21455 ZAR/Month in the second quarter of 2020 from 22387 ZAR/Month in the first quarter of 2020. source: Statistics South Africa

Wages in South Africa averaged 14015.98 ZAR/Month from 2004 until 2020, reaching an all time high of 22500 ZAR/Month in the fourth quarter of 2019 and a record low of 6742 ZAR/Month in the first quarter of 2005. This page provides - South Africa Total Quarterly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Average Monthly Gross Wage - values, historical data and charts - was last updated on November of 2020.

Wages in South Africa is expected to be 21600.00 ZAR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in South Africa to stand at 21600.00 in 12 months time. In the long-term, the South Africa Average Monthly Gross Wage is projected to trend around 21600.00 ZAR/Month in 2021, according to our econometric models.

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South Africa Average Monthly Gross Wage

Actual Previous Highest Lowest Dates Unit Frequency
21455.00 22387.00 22500.00 6742.00 2004 - 2020 ZAR/Month Quarterly
Current Prices, NSA

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 30.80 23.30 30.80 21.50 percent [+]
Employed Persons 9548000.00 10231000.00 10231000.00 3694977.00 [+]
Unemployed Persons 6500.00 4300.00 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 54.20 47.30 60.80 47.30 percent [+]
Labour Costs 163.80 165.60 165.60 1.00 points [+]
Wages 21455.00 22387.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 17006.00 19114.00 19377.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 17.46 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 52.30 59.00 59.00 48.80 percent [+]
Employment Rate 37.50 36.26 46.17 36.26 percent [+]


South Africa Average Monthly Gross Wage
In South Africa, wages are benchmarked using the total value of salaries in the economy.