Wages in South Africa increased to 20860 ZAR/Month in the third quarter of 2018 from 20176 ZAR/Month in the second quarter of 2018. Wages in South Africa averaged 13057.54 ZAR/Month from 2004 until 2018, reaching an all time high of 20860 ZAR/Month in the third quarter of 2018 and a record low of 6742 ZAR/Month in the first quarter of 2005.

Wages in South Africa is expected to be 20500.00 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 21703.32 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 2020, according to our econometric models.

South Africa Average Monthly Gross Wage
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 27.10 27.50 31.20 21.50 percent [+]
Employed Persons 9733000.00 9748000.00 9817000.00 3694977.00 [+]
Unemployed Persons 6100.00 6200.00 6214.11 3873.00 Thousand [+]
Labor Force Participation Rate 59.40 59.50 60.80 53.60 percent [+]
Labour Costs 154.00 150.90 154.00 1.10 Index Points [+]
Wages 20860.00 20176.00 20860.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 18344.00 17674.00 18344.00 6250.00 ZAR/Month [+]
Population 57.73 56.84 57.73 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 [+]
Wages Low Skilled 4380.00 3960.00 4380.00 3840.00 ZAR/Month [+]
Youth Unemployment Rate 54.70 52.80 55.90 48.80 percent [+]
Wages High Skilled 22600.00 20300.00 22600.00 19000.00 ZAR/Month [+]
Living Wage Family 11300.00 10700.00 11300.00 10700.00 ZAR/Month [+]
Living Wage Individual 6570.00 6140.00 6570.00 6140.00 ZAR/Month [+]
Employment Rate 43.34 43.10 46.17 41.00 percent [+]


South Africa Average Monthly Gross Wage

In South Africa, wages are benchmarked using the total value of salaries in the economy. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
20860.00 20176.00 20860.00 6742.00 2004 - 2018 ZAR/Month Quarterly
Current Prices, NSA




Country Last Previous
Argentina 35063.00 Nov/18
Australia 1225.30 Dec/18
Brazil 2270.00 Jan/19
Canada 25.70 Dec/18
China 74318.00 Dec/17
France 2998.00 Dec/15
Germany 3899.00 Sep/18
India 272.19 Dec/14
Italy 2434.00 Dec/17
Japan 312860.00 Jan/19
Mexico 373.60 Feb/19
Russia 43030.00 Feb/19
Singapore 5752.00 Dec/18
South Africa 20860.00 Sep/18
South Korea 3359019.00 Dec/18
Spain 2039.01 Dec/18
Switzerland 6260.00 Dec/17
Turkey 2207.00 Dec/14
United Kingdom 530.00 Jan/19
United States 23.18 Feb/19


Related

Latest