Wages in the Euro Area increased 4.10 percent year-on-year in the second quarter of 2022, the biggest increase in two years and following a 3.7 percent rise in the first three months of the year. source: EUROSTAT

Wage Growth in the Euro Area averaged 2.07 percent from 2009 until 2022, reaching an all time high of 4.10 percent in the second quarter of 2022 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 October of 2022.

Wage Growth in Euro Area is expected to be 4.10 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 3.60 percent in 2023 and 3.00 percent in 2024, according to our econometric models.

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Euro Area Wage Growth

Calendar GMT Actual Previous Consensus TEForecast
2022-06-16 09:00 AM Q1 2.7% 1.5% 3.4%
2022-09-15 09:00 AM Q2 4.1% 3.7% 5.8%
2022-12-19 10:00 AM Q3 4.1% 4.1%

Related Last Previous Unit Reference
Unemployment Rate 6.60 6.60 percent Aug 2022
Unemployed Persons 10966.00 10983.00 Thousand Aug 2022
Long Term Unemployment Rate 2.90 3.00 percent Mar 2022
Youth Unemployment Rate 13.90 14.20 percent Aug 2022
Productivity 103.92 103.98 points Jun 2022
Labour Costs 119.20 108.70 points Jun 2022
Wages 2003.00 1976.00 EUR/Month Mar 2022
Wage Growth 4.10 3.70 percent Jun 2022
Population 342.56 342.41 Million Dec 2021
Employment Change 0.40 0.70 percent Jun 2022
Part Time Employment 31084.50 31353.60 Thousand Mar 2022
Full Time Employment 118019.30 117967.10 Thousand Mar 2022
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
4.10 3.70 4.10 -0.60 2009 - 2022 percent Quarterly