Wages in South Africa decreased to 23122 ZAR/Month in the first quarter of 2021 from 23133 ZAR/Month in the fourth quarter of 2020. source: Statistics South Africa

Wages in South Africa averaged 14464.98 ZAR/Month from 2004 until 2021, reaching an all time high of 23133 ZAR/Month in the fourth quarter of 2020 and a record low of 6742 ZAR/Month in the first quarter of 2005. This page provides - South Africa Total Quarterly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Average Monthly Gross Wage - values, historical data and charts - was last updated on September of 2021.

Wages in South Africa is expected to be 21600.00 ZAR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in South Africa to stand at 21600.00 in 12 months time. In the long-term, the South Africa Average Monthly Gross Wage is projected to trend around 21600.00 ZAR/Month in 2022, according to our econometric models.

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South Africa Average Monthly Gross Wage

Actual Previous Highest Lowest Dates Unit Frequency
23122.00 23133.00 23133.00 6742.00 2004 - 2021 ZAR/Month Quarterly
Current Prices, NSA

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 34.40 32.60 34.40 21.50 percent [+]
Employed Persons 14941.57 14995.34 16528.70 11666.00 [+]
Unemployed Persons 7800.00 7200.00 7800.00 3873.00 Thousand [+]
Labor Force Participation Rate 57.50 56.40 60.80 47.30 percent [+]
Labour Costs 166.10 162.20 177.40 1.00 points [+]
Wages 23122.00 23133.00 23133.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19552.00 19788.00 19788.00 6250.00 ZAR/Month [+]
Population 59.30 58.80 59.30 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 [+]
Youth Unemployment Rate 64.40 63.30 64.40 48.80 percent [+]
Minimum Wages 21.69 20.76 21.69 20.00 ZAR/Hour [+]
Employment Rate 37.70 38.01 46.17 36.26 percent [+]


South Africa Average Monthly Gross Wage
In South Africa, wages are benchmarked using the total value of salaries in the economy.