Australia's seasonally adjusted wage price index rose by 2.1 percent year-on-year in the first quarter of 2020, slowing from a 2.2 percent gain in the previous period and in line with forecasts. It was the weakest rise in wage prices since the second quarter of 2018, capturing the period shortly before restrictions were put in place to contain the spread of the coronavirus outbreak. Private sector wages grew 2.1 percent, the least since Q2 2018, easing from a 2.2 percent increase in the prior quarter, while public sector wages rose 2.4 percent, faster than a 2.2 percent gain. Across industries, annual wage growth ranged from 1.6 percent for the information media & telecommunication services industry to 3 percent for the health care & social assistance industry. Victoria recorded the highest through the year growth of 2.5 percent, while Western Australia recorded the lowest for the seventh straight quarter (1.8 percent). On a quarterly basis, the wage price index advanced 0.5 percent.

Wage Growth in Australia averaged 3.18 percent from 1998 until 2020, reaching an all time high of 4.30 percent in the second quarter of 2008 and a record low of 1.90 percent in the third quarter of 2016. This page provides - Australia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Annual Change in Hourly Rates of Pay - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Australian Bureau of Statistics

Wage Growth in Australia is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Australia to stand at 2.30 in 12 months time. In the long-term, the Australia Annual Change in Hourly Rates of Pay is projected to trend around 2.30 percent in 2021, according to our econometric models.

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Australia Annual Change in Hourly Rates of Pay

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.20 4.30 1.90 1998 - 2020 percent Quarterly
2008-2009= 100; SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-19 12:30 AM Wage Price Index YoY Q4 2.2% 2.2% 2.2% 2.2%
2020-02-19 12:30 AM Wage Price Index QoQ Q4 0.5% 0.5% 0.5% 0.5%
2020-05-13 01:30 AM Wage Price Index QoQ Q1 0.5% 0.5% 0.5% 0.5%
2020-05-13 01:30 AM Wage Price Index YoY Q1 2.1% 2.2% 2.1% 2.1%
2020-08-12 01:30 AM Wage Price Index YoY Q2 2.1% 2%
2020-11-13 12:30 AM Wage Price Index YoY Q3 2.3%


News Stream
Australia Q1 Wage Prices Rise the Least in Nearly 2 Years
Australia's seasonally adjusted wage price index rose by 2.1 percent year-on-year in the first quarter of 2020, slowing from a 2.2 percent gain in the previous period and in line with forecasts. It was the weakest rise in wage prices since the second quarter of 2018, capturing the period shortly before restrictions were put in place to contain the spread of the coronavirus outbreak. Private sector wages grew 2.1 percent, the least since Q2 2018, easing from a 2.2 percent increase in the prior quarter, while public sector wages rose 2.4 percent, faster than a 2.2 percent gain. Across industries, annual wage growth ranged from 1.6 percent for the information media & telecommunication services industry to 3 percent for the health care & social assistance industry. Victoria recorded the highest through the year growth of 2.5 percent, while Western Australia recorded the lowest for the seventh straight quarter (1.8 percent). On a quarterly basis, the wage price index advanced 0.5 percent.
2020-05-13
Australia Annual Wage Growth Steady at Over 1-1/2-Year Low in Q4
Australia's seasonally adjusted wage price index rose by 2.2 percent year-on-year in the last quarter of 2019, unchanged from the previous period and in line with market expectations. It remains the weakest rise in wage prices since the second quarter 2018, as public sector wages increased 2.2 percent (vs 2.5 percent in Q3), the lowest public sector growth rate since records started in 1997. Also, private sector wages grew by 2.2 percent, the same as in the previous quarter. Across industries, annual wages growth ranged from 1.6 percent for information media and telecommunication services to 3.1 percent for health care and social assistance. Victoria recorded the highest through the year growth of 2.7 percent while Western Australia recorded the lowest of 1.7 percent for the sixth consecutive quarter. On a quarterly basis, wages advanced 0.5 percent in the fourth quarter of 2019, matching forecasts.
2020-02-19
Australia Q3 Wage Prices Rise Less than Estimated
Australia's seasonally adjusted wage price index rose by 2.2 percent year-on-year in the third quarter of 2019, compared to market expectations and the June's quarter figure of a 2.3 percent gain. This was the weakest rise in wage prices since the second quarter last year, with wages in the public and private sectors increasing by 2.2 percent and 2.5 percent, respectively. In original terms, annual wages growth ranged from 1.7 percent for information media and telecommunication services to 3.2 percent for health care and social assistance. Victoria recorded the highest through the year growth of 2.8 percent while Western Australia recorded the lowest of 1.6 percent for the fifth consecutive quarter. On a quarterly basis, wages advanced 0.5 percent in the September quarter, in line with forecasts.
2019-11-13
Australia Q2 Wage Growth Unchanged at 2.3%
Australia's seasonally adjusted wage price index rose by 2.3 percent year-on-year in the second quarter of 2019, the same pace as in the previous period and in line with market expectations. Wages in the public sector increased by 2.6 percent, while those in the private sector grew 2.3 percent. In original terms, annual wages growth ranged from 1.7 percent for wholesale trade to 3.3 percent for health care and social assistance. Western Australia recorded the lowest annual wage growth (1.6 percent), while Victoria recorded the highest (2.9 percent). On a quarterly basis, wages advanced 0.6 percent in the June quarter, beating market forecasts of 0.5 percent.
2019-08-14

Australia Annual Change in Hourly Rates of Pay
In Australia, wage growth measures the annual change in hourly rates of pay excluding bonuses for both public and private sector.