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 October 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

Switzerland Last Unit Reference Previous Highest Lowest
Employed Persons 5052.00 Thousand Jun/21 5054.00 5131.00 3242.00
Wages 6354.00 CHF/Month Dec/20 6304.00 6354.00 5082.00
Wages in Manufacturing 114.30 points Dec/20 112.90 114.30 100.00
Job Offers 85377.00 Jun/21 71048.00 86800.00 29043.00
Wage Growth -0.80 percent Jun/21 0.50 7.80 -0.80
Non Farm Payrolls 5126.00 Thousand Jun/21 5101.00 5159.00 3841.00