Nominal wages in Switzerland decreased 0.8 percent year-on-year in the second 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 1.47 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 -0.80 percent in the second quarter of 2021. 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 September of 2021.

Wage Growth in Switzerland is expected to be -0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
-0.80 0.50 7.80 -0.80 1991 - 2021 percent Quarterly
NSA

Switzerland Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.70 2.80 5.70 1.50 percent [+]
Employed Persons 5052.00 5054.00 5131.00 3242.00 Thousand [+]
Unemployed Persons 126355.00 128279.00 206291.00 26.00 [+]
Productivity 106.70 104.78 106.70 77.83 points [+]
Job Vacancies 53481.00 53675.00 53772.00 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 2.30 2.20 5.70 1.40 percent [+]
Non Farm Payrolls 5126.00 5101.00 5159.00 3841.00 Thousand [+]
Part Time Employment 1748.40 1719.20 1748.40 1064.50 Thousand [+]
Wage Growth -0.80 0.50 7.80 -0.80 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 [+]