Wages in Manufacturing in South Africa decreased to 19114 ZAR/Month in the first quarter of 2020 from 19377 ZAR/Month in the fourth quarter of 2019.

Wages in Manufacturing in South Africa averaged 12399.50 ZAR/Month from 2004 until 2020, reaching an all time high of 19377 ZAR/Month in the fourth quarter of 2019 and a record low of 6250 ZAR/Month in the second quarter of 2005. This page provides - South Africa Total Quarterly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Average Monthly Wages in Manufacturing - values, historical data and charts - was last updated on August of 2020. source: Statistics South Africa

Wages in Manufacturing in South Africa is expected to be 18500.00 ZAR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in South Africa to stand at 19000.00 in 12 months time. In the long-term, the South Africa Average Monthly Wages in Manufacturing is projected to trend around 19000.00 ZAR/Month in 2021, according to our econometric models.

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South Africa Average Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
19114.00 19377.00 19377.00 6250.00 2004 - 2020 ZAR/Month Quarterly
Current Prices, NSA

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 30.10 29.10 30.40 21.50 percent [+]
Employed Persons 10231000.00 10213000.00 10231000.00 3694977.00 [+]
Unemployed Persons 7069.65 6726.13 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 60.30 59.80 60.80 53.60 percent [+]
Labour Costs 165.60 160.50 165.60 1.00 points [+]
Wages 22387.00 22500.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19114.00 19377.00 19377.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 17.46 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 59.00 58.10 59.00 48.80 percent [+]
Employment Rate 42.14 42.40 46.17 41.00 percent [+]