Wages In the Euro Area increased 2.30 percent in September of 2021 over the same month in the previous year. 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 -0.50 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 January of 2022.

Wage Growth in Euro Area is expected to be 4.50 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
2021-09-15 09:00 AM Q2 -0.4% 2.1% 3.6%
2021-12-16 10:00 AM Q3 2.3% -0.5% 1%
2022-03-18 10:00 AM Q4

Related Last Previous Unit Reference
Unemployment Rate 7.20 7.30 percent Nov/21
Unemployed Persons 11829.00 12045.00 Thousand Nov/21
Long Term Unemployment Rate 3.30 3.20 percent Jun/21
Youth Unemployment Rate 15.50 15.80 percent Nov/21
Productivity 104.30 104.40 points Sep/21
Labour Costs 107.60 115.80 points Sep/21
Wages 1903.00 1896.00 EUR/Month Mar/21
Wage Growth 2.30 -0.50 percent Sep/21
Population 342.41 341.52 Million Dec/20
Full Time Employment 118433.90 116145.40 Thousand Sep/21
Employment Change 0.90 0.70 percent Sep/21
Part Time Employment 31016.90 30912.90 Thousand Sep/21
Labor Force Participation Rate 73.60 72.60 percent Jun/21
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.