Nominal wages in Switzerland increased 0.5 percent year-on-year in the first quarter of 2021. Data for Q1 and Q2 2020 are not available due to labor market disruptions caused by the COVID-19 pandemic. source: Swiss Federal Statistical Office

Wage Growth in Switzerland averaged 1.49 percent from 1991 until 2021, 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. This page provides - Switzerland Nominal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Switzerland Nominal Wage Growth - values, historical data and charts - was last updated on July of 2021.

Wage Growth in Switzerland is expected to be 1.10 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 1.40 in 12 months time. In the long-term, the Switzerland Nominal Wage Growth is projected to trend around 1.60 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Switzerland Nominal Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.80 7.80 0.10 1991 - 2021 percent Quarterly
NSA

Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.80 3.10 5.70 1.50 percent [+]
Employed Persons 5114.00 5089.00 5131.00 3242.00 Thousand [+]
Unemployed Persons 131821.00 142966.00 206291.00 26.00 [+]
Productivity 104.07 104.58 104.72 77.83 points [+]
Job Vacancies 57227.00 54552.00 57227.00 6062.00 [+]
Wages 6354.00 6304.00 6354.00 5082.00 CHF/Month [+]
Wages in Manufacturing 114.30 112.90 114.30 100.00 points [+]
Population 8.61 8.54 8.61 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 71048.00 65642.00 83600.00 29043.00 [+]
Labor Force Participation Rate 68.40 68.00 68.80 66.80 percent [+]
Long Term Unemployment Rate 1.70 1.60 2.00 1.20 percent [+]
Youth Unemployment Rate 2.40 2.70 5.70 1.40 percent [+]
Non Farm Payrolls 5101.00 5141.00 5159.00 3841.00 Thousand [+]
Part Time Employment 1748.40 1719.20 1748.40 1064.50 Thousand [+]
Wage Growth 0.50 0.80 7.80 0.10 percent [+]
Employment Change 0.50 1.40 1.40 -2.20 percent [+]
Employment Rate 80.50 79.70 81.30 76.90 percent [+]
Full Time Employment 2815.10 2784.30 2841.10 2628.90 Thousand [+]