Wages in Switzerland increased 0.5 percent year-on-year in the second quarter of 2019. Wage Growth in Switzerland averaged 1.52 percent from 1991 until 2019, reaching an all time high of 7.80 percent in the second quarter of 1991 and a record low of 0.10 percent in the first quarter of 2017.

Wage Growth in Switzerland is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Switzerland to stand at 1.00 in 12 months time. In the long-term, the Switzerland Nominal Wage Growth is projected to trend around 1.60 percent in 2020, according to our econometric models.

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Switzerland Nominal Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 7.80 0.10 1991 - 2019 percent Quarterly
NSA

Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.50 2.30 5.70 1.50 percent [+]
Employed Persons 5090.00 5098.00 5098.00 3242.00 Thousand [+]
Unemployed Persons 117277.00 106330.00 206291.00 26.00 [+]
Productivity 102.97 102.42 104.72 77.83 points [+]
Job Vacancies 36472.00 36085.00 36748.00 6014.00 [+]
Wages 6291.00 6260.00 6291.00 5082.00 CHF/Month [+]
Wages in Manufacturing 112.40 113.10 113.20 100.00 points [+]
Population 8.48 8.42 8.48 5.30 Million [+]
Retirement Age Women 64.00 64.00 64.00 63.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Job Offers 79030.00 83600.00 83600.00 29043.00 [+]
Labor Force Participation Rate 68.40 68.30 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.50 1.70 2.00 1.40 percent [+]
Non Farm Payrolls 5137.00 5109.00 5137.00 3841.00 Thousand [+]
Part Time Employment 1729.60 1698.70 1729.60 1064.50 Thousand [+]
Youth Unemployment Rate 2.40 2.30 5.70 1.40 percent [+]
Wage Growth 0.50 0.50 7.80 0.10 percent [+]
Employment Change -0.10 0.30 1.20 -0.60 percent [+]
Employment Rate 80.40 80.60 81.30 76.90 percent [+]
Full Time Employment 2804.80 2794.30 2841.10 2628.90 Thousand [+]