Wages in the Euro Area decreased 0.40 percent year-on-year in the second quarter of 2021, following a downwardly revised 2.1 percent growth in the previous period. source: EUROSTAT

Wage Growth in the Euro Area averaged 1.98 percent from 2009 until 2021, reaching an all time high of 5.10 percent in the second quarter of 2020 and a record low of -0.40 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 2021.

Wage Growth in Euro Area is expected to be 2.50 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 2.90 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Euro Area Wage Growth


Calendar GMT Actual Previous Consensus TEForecast
2021-06-16 09:00 AM Q1 2.2% 3.5% 4.6%
2021-09-15 09:00 AM Q2 -0.4% 2.1% 3.6%
2021-12-16 10:00 AM Q3 -0.4% 2.5%


Euro Area Last Unit Reference Previous Highest Lowest
Unemployment Rate 7.50 percent Aug/21 7.60 12.10 7.10
Unemployed Persons 12162.00 Thousand Aug/21 12423.00 19433.00 11468.00
Long Term Unemployment Rate 3.20 percent Mar/21 3.20 6.30 2.50
Youth Unemployment Rate 16.50 percent Jul/21 17.20 25.20 14.80
Labour Costs 115.80 points Jun/21 104.60 116.60 83.40
Productivity 104.40 points Jun/21 104.80 105.10 81.70
Wages 1903.00 EUR/Month Mar/21 1896.00 1903.00 1177.00
Wage Growth -0.40 percent Jun/21 2.10 5.10 -0.40
Population 342.41 Million Dec/20 341.52 342.41 260.38
Part Time Employment 30912.90 Thousand Jun/21 30508.20 31911.20 19769.20
Labor Force Participation Rate 73.60 percent Jun/21 72.60 73.80 68.80
Full Time Employment 116145.40 Thousand Jun/21 113811.30 118849.00 107485.60
Employment Change 0.70 percent Jun/21 -0.10 1.00 -3.00


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.