Sweden Average Hourly Wages - Forecast

Wages in Sweden is expected to be 172.00 SEK/Hour by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Sweden to stand at 171.20 in 12 months time. In the long-term, the Sweden Average Hourly Wages is projected to trend around 180.00 SEK/Hour in 2020, according to our econometric models.


Forecast Data Chart
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Sweden Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.2 6 5.8 6.2 7.1 6.5
Employed Persons 5197 5131 5103 5091 5086 5082
Unemployed Persons 403 378 366 365 365 366
Long Term Unemployment Rate 1.2 1.12 1.12 1.11 1.08 1.04
Youth Unemployment Rate 17.2 16.39 16.1 15.99 15.93 15.79
Labour Costs 131 132 133 134 135 143
Job Vacancies 805 818 1211 1102 923 1033
Wages 173 172 173 171 171 180
Wages in Manufacturing 185 180 182 180 182 190
Population 10.12 10.12 10.12 10.21 10.21 10.32
Retirement Age Women 61 61 61 61 61 61
Retirement Age Men 61 61 61 61 61 61
Labor Force Participation Rate 73.2 71.05 71.08 71.3 71.29 71.26
Productivity 106 117 108 105 109 110
Part Time Employment 1132 1109 1129 1127 1126 1126
Employment Change 0.6 0.44 0.41 0.32 0.33 0.31
Employment Rate 69.7 68.6 68.12 67.91 67.81 67.74
Full Time Employment 3687 3869 3762 3738 3823 3827