Wages and salaries in the Euro Area increased 1.5 percent year-on-year in the fourth quarter of 2021, following a downwardly revised 2.2 percent advance in the previous three-month period. source: EUROSTAT

Wage Growth in the Euro Area averaged 1.98 percent from 2009 until 2021, reaching an all time high of 5.40 percent in the second quarter of 2020 and a record low of -0.60 percent in the second quarter of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.

Wage Growth in Euro Area is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Wage Growth is projected to trend around 2.20 percent in 2023 and 1.90 percent in 2024, according to our econometric models.

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Euro Area Wage Growth

Calendar GMT Actual Previous Consensus TEForecast
2021-12-16 10:00 AM Q3 2.3% -0.5% 1%
2022-03-18 10:00 AM Q4 1.5% 2.2% 3.3%
2022-06-16 09:00 AM Q1 1.5%

Related Last Previous Unit Reference
Unemployment Rate 6.80 6.90 percent Mar 2022
Unemployed Persons 11274.00 11350.00 Thousand Mar 2022
Long Term Unemployment Rate 3.20 3.30 percent Sep 2021
Youth Unemployment Rate 13.90 14.00 percent Mar 2022
Labour Costs 118.70 107.50 points Dec 2021
Productivity 104.60 104.33 points Dec 2021
Wages 1963.00 1900.00 EUR/Month Sep 2021
Wage Growth 1.50 2.20 percent Dec 2021
Population 342.41 341.52 Million Dec 2020
Employment Change 0.50 0.40 percent Mar 2022
Part Time Employment 31353.60 30850.70 Thousand Dec 2021
Full Time Employment 117967.10 118180.50 Thousand Dec 2021
Labor Force Participation Rate 74.50 73.60 percent Sep 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 2.20 5.40 -0.60 2009 - 2021 percent Quarterly