Wages In the Euro Area increased 3.40 percent in March of 2025 over the same month in the previous year. This dataset 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.

Negotiated Wage Growth In the Euro Area decreased to 2.38 percent in the first quarter of 2025 from 4.12 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Euro Area Negotiated Wage Growth.

Nominal wage growth in both the European Union and the Euro currency area (comprising ** of the ** EU members) reached a record high in the second quarter of **, when wages increased by *** and *** percent respectively. This trend continued during 2023, with a wage increase of *** and *** percent during the third quarter of **. Nominal wage growth is the increase in wages compared to the same period the previous year in nominal values - i.e. in monetary values unadjusted for inflation. As inflation in Europe increase faster than nominal wages during this period, this in fact meant that real wages (increases adjusted for inflation) fell.

Real wages in the Eurozone showed a negative trend for the second year in a row, as high inflation caused the real value of wages to decline by almost *** percent. Real wage growth is measured by adjusting nominal wage growth - that is, the growth of wages in monetary values - for inflation, or changes in the average price of the basket of goods. This means that in 2023, a worker would be able to buy *** percent less than they would have in 2022, assuming their wages grew by the *** percent nominal wage growth which was seen across the Eurozone in 2023.

Wages in European Union increased 4.20 percent in March of 2025 over the same month in the previous year. This dataset provides - European Union Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows a forecast for the development of the real wages in the member states of the European Union in 2024. In 2024, the real wages in Romania are forecasted to increase by 5.9 percent compared to the previous year.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The dataset contains data and code used in the article, Baumann, Arne: "What explains differences in minimum wage growth in EU member staes?", Journal of Economics and Statistics, No. 1-2, 2025.

The data file contains all variables used in the analyses (macroeconomic data, institutional information on minimum wage setting, information on economic policy orientation and elections) on 21 EU member states with national minimum wages for the time period 2000 to 2020.

The code files contain all code used in the analyses. Part 1 contains mostly code for descriptive analyses. Part 2 contains code for imputation and multivariate analyses.

Technical requirements: Stata, Version 16

According to European Commission forecasts, ******** will achieve the highest real wages and salary growth in 2025 (+*** percent), followed Romania and Lithuania.

Net annual earnings for a single earner family with two children in the European Union have increased from 25,434 euros in 2013 to 33,939 euros over the period from 2013 to 2023. Net earnings received a boost during the pandemic years of 2020 and 2021, in spite of gross earnings decreasing in 2020, due to reduced taxes and increased family allowances.

According to European Commission forecasts, ******** will achieve the highest nominal wages and salary growth in 2025 (+**** percent), followed by Romania and Hungary.

Germany had an average salary of 65.7 thousand U.S dollars per year in 2023, the highest among the five largest European economies. Germany has consistently had the highest wages in Europe over the last thirty years. Many countries in Europe experienced a significant decrease in their average wage level following the global financial crisis of 2008, with France and Germany bucking this trend by retaining robust wage growth. While British wages have stagnated since the crash, only surpassing their 2007 level in 2019, Italian and Spanish wages have in fact fallen, driven by the macroeconomic troubles of these countries since the Eurozone crisis.

Graph and download economic data for Labor Compensation: Earnings: Manufacturing: Hourly for Euro Area (19 Countries) (LCEAMN01EZA659S) from 1997 to 2024 about compensation, Euro Area, earnings, Europe, hours, and manufacturing.

We extend time-series models that have so far been used to study price inflation (Stock and Watson 2016) and apply them to a micro-level data set containing worker-level information on hourly wages. We construct a measure of aggregate nominal wage growth that (i) filters out noise and very transitory movements, (ii) quantifies the importance of idiosyncratic factors for aggregate wage dynamics, and (iii) strongly co-moves with labor market tightness, unlike existing indicators of wage inflation. We show that our measure is a reliable real-time indicator of wage pressures and a good predictor of future wage growth.

Graph and download economic data for Population Growth: All Income Levels for Europe and Central Asia (SPPOPGROWECS) from 1961 to 2024 about Central Asia, Europe, income, population, and rate.

The country with the highest minimum wage rate in Europe during the first half of 2025 was Luxembourg, with a minimum wage of 2638 euros. Ireland, the Netherlands, and Germany were the countries with the next highest minimum wages, all above 2000 euros a month, while Albania, Bulgaria, and Montenegro had the lowest minimum wages in the same period.

Romania was forecast to have the highest real salary increase in the last quarter of 2024 of the 34 countries included. The salary increase in the European country was forecast to reach ** percent. Croatia and Serbia followed behind. On the other hand, Iceland and Japan were forecast to have a real wage growth of only *** percent.

Real wage development refers to the inflation-adjusted growth in wages, indicating the amount of goods and services individuals can purchase compared to the previous year. Over the observed period, the highest growth rate of real wages in Hungary was recorded in 2024, marking a 7.3 percent increase compared to the preceding year. Changes in consumer prices  Hungary has recorded peaking inflation rates over the past years, surpassing all EU countries. The change in consumer prices affected different commodity groups to a varying extent. As of August 2023, electricity, gas, and other fuels, as well as other goods such as motor fuels and lubricants, recorded the highest inflation rates, reaching a year-over-year price increase of 35 percent and 20 percent, respectively. Over the same period, food prices increased by 19.5 percent in the country. How large is the gender pay gap in Hungary?  The gender wage gap is the difference between the average gross hourly earnings of men and women across all sectors. Despite the significant steps taken toward achieving gender equality, there is still a major difference between the hourly earnings of Hungarian men and women. In 2022, men earned 17.5 percent more than women working in Hungary, which represented a significantly larger gender pay gap than the average of the European Union.

Graph and download economic data for Labor Compensation: Earnings: Manufacturing: Hourly for OECD (OECDLCEAMN01GYSAQ) from Q1 1990 to Q1 2025 about OECD Europe, compensation, Europe, hours, and manufacturing.

Graph and download economic data for Inflation, consumer prices: All Income Levels for Europe and Central Asia (FPCPITOTLZGECS) from 1992 to 2024 about Central Asia, consumer prices, Europe, consumer, income, and inflation.