The average monthly salaries in Sweden increased from 2014 to 2022. While Swedes earned 31,400 Swedish kronor on average in 2014, they earned 38,300 in 2022, showing an increase of 22 percent over that time period. The highest average monthly earnings could be found among banking, finance, and insurance managers.

Men earn more than women

As is the norm in most European countries, men earn on average more than women in Sweden. However, women earned on average 95 percent of men's average wages in 2022, showing that Sweden is one of the most equal countries in the world in terms of gender payment.

Public and private sector

Sweden has a large public sector compared to many other countries, but the highest average wages are found in the private sector. In 2021, the average salary per month in the public sector was just short of 36,000 Swedish kronor, compared to nearly 38,000 in the private sector.

The highest average monthly salary in Sweden in 2022 was in the sector of financial institutions and insurance companies. The average monthly salary for employees at companies within this sector amounted to over 57,000 Swedish kronor in 2022, which is significantly higher than the average monthly salary for individuals with a tertiary education in Sweden.

 Insurance industry

The number of insurance companies at the market in Sweden amounted to more than 320 in 2020. Furthermore, more than 22,000 individuals were employed at insurance companies in 2020.

Hotel and restaurant industry

At the bottom of the list of average monthly earnings in Sweden in 2022 was hotels and restaurants, where the average monthly salary amounted to around 28,000 Swedish kronor. The hotel business in Sweden had experienced a growing number of employees before the COVID-19 pandemic hit, which has effected the hotel and restaurant business significantly.

Wages in Sweden increased to 208.30 SEK/Hour in June from 207.60 SEK/Hour in May of 2025. This dataset provides - Sweden Average Hourly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Sweden Monthly Earnings

• Sweden Monthly Earnings stood at 4,519 USD in Dec 2024, compared with the previous figure of 4,543 USD in Nov 2024
• Sweden Monthly Earnings data is updated monthly, available from Jan 1996 to Dec 2024, with an average number of 4,329 USD
• The data reached the an all-time high of 5,598 USD in Mar 2014 and a record low of 2,251 USD in Jun 2001

• In the latest reports, Sweden Population reached 10 million people in Dec 2020
• Unemployment Rate of Sweden dropped to 7 % in May 2023
• The country's Labour Force Participation Rate increased to 75 % in Jan 2025

The average monthly salary in the private sector in Sweden in 2022 was 39,000 Swedish kronor. This was slightly higher than in the public sector.  

The majority of employees work in the private sector

Most of the inhabitants with a job in 2022 were employed in the private sector, reaching 3.1 million employees. Among the employees in the public sector, the largest group were municipal workers, amounting to around 1.2 million people, while around 356,000 worked for the central government.

Banking, finance and insurance managers earn the most

Although the average salary in the private sector amounted to 39,000 Swedish kronor in 2022, the salaries between occupations and industries vary widely. For example, the occupation with the highest average salary in 2021 was managers in banking, finance or insurance companies, where the average salary amounted to nearly 145,000 Swedish kronor per month.

In 2022, female workers in Sweden earned on average ****** Swedish kronor on a monthly basis, while the average salary for men in the same class was ****** Swedish kronor per month. The difference was higher for civil servants: Here, men earned ******* kronor a month, compared to just above ****** kronor for women. Despite this, Sweden has the second lowest gender pay gap level of the five Nordic countries.

Wages in Sweden increased 2.80 percent in June of 2025 over the same month in the previous year. This dataset provides - Sweden Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In Sweden, people with a tertiary education have the highest average monthly salaries. In 2022, it amounted to 35,700 Swedish kronor, whereas people with a secondary or primary education earned 34,200 and 31,300, respectively. In 2022, almost 24 percent of the population in Sweden had a tertiary education.

The highest average salaries in financial institutions and insurance companies

The industry with the highest average monthly salary in Sweden in 2022 was financial institutions and insurance companies, where it amounted to over 57,000 Swedish kronor. Even within industries the salaries vary , and the occupational group with the highest average salary in Sweden in is banking, finance and insurance managers.

Women have lower salaries than men

Not only does the salary in Sweden differ between occupations, sectors, industries, and the level of education and age of the employee. Furthermore, men have a higher average salary than women. In 2022, women’s average earnings were 95 percent of men's.

Sweden SE: Wages Index: % Change data was reported at 2.578 % in 2016. This records a decrease from the previous number of 2.712 % for 2015. Sweden SE: Wages Index: % Change data is updated yearly, averaging 6.443 % from Dec 1949 (Median) to 2016, with 68 observations. The data reached an all-time high of 23.464 % in 1975 and a record low of -1.453 % in 1993. Sweden SE: Wages Index: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sweden – Table SE.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.

Wages in Manufacturing in Sweden increased to 224.40 SEK/Hour in June from 223.90 SEK/Hour in May of 2025. This dataset provides - Sweden Average Hourly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average monthly salary for employees in the public sector in Sweden amounted to 36,600 Swedish kronor in 2022. During the same year, the average monthly salary in the private sector was slightly higher.

Around 1.5 million employees in the public sector

Sweden has a large public sector compared to many other countries. It employed in total around 1.5 million individuals in 2022, distributed between the central government and the municipal sector. Most of the employees were employed within the municipal sector.

Extensive public sector and a relatively high tax ratio

The public sector in Sweden is extensive and covers social insurances, health care, and education, among others. The public sector is financed by taxes and due to such a large public sector, Sweden has a relatively high tax ratio, which was at 42 percent of Sweden’s gross domestic product in 2022.

Graph and download economic data for Labor Compensation: Earnings: Manufacturing: Hourly for Sweden (LCEAMN01SEM659S) from Jan 1972 to Apr 2025 about Sweden, compensation, earnings, hours, and manufacturing.

Sweden SE: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data was reported at 86.458 % in 2017. This records an increase from the previous number of 86.435 % for 2016. Sweden SE: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data is updated yearly, averaging 84.822 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 86.458 % in 2017 and a record low of 79.515 % in 1994. Sweden SE: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in September 2018.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

In 2024, finance and insurance managers clearly had the highest average earnings in Sweden. With about ******* Swedish kronor per month, they earned on average around ****** kronor more than senior government officials, which was the occupational group with the second highest average wages in Sweden that year. With nearly 100,000 Swedish kronor per month, financial brokers had the third highest average salary in Sweden.

This statistic shows the average monthly salary in Sweden in 2016, by county. In 2016, the average monthly salary in Sweden amounted to ****** Swedish kronor. The county with the highest average monthly salary was Stockholm, with ****** Swedish kronor per month.

The Personal Income Tax Rate in Sweden stands at 52 percent. This dataset provides - Sweden Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Labor Compensation: Labor Cost: Manufacturing and Mining: Total for Sweden (LCLCMM01SEM661N) from Jan 1996 to Sep 2023 about Sweden, compensation, mining, labor, and manufacturing.

Sweden SE: All Education Staff Compensation: Primary: % of Total Expenditure in Primary Public Institutions data was reported at 65.364 % in 2014. This records an increase from the previous number of 64.929 % for 2013. Sweden SE: All Education Staff Compensation: Primary: % of Total Expenditure in Primary Public Institutions data is updated yearly, averaging 65.422 % from Dec 1998 (Median) to 2014, with 17 observations. The data reached an all-time high of 69.317 % in 2001 and a record low of 59.916 % in 1998. Sweden SE: All Education Staff Compensation: Primary: % of Total Expenditure in Primary Public Institutions data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Education Statistics. All staff (teacher and non-teachers) compensation is expressed as a percentage of direct expenditure in public educational institutions (instructional and non-instructional) of the specified level of education. Financial aid to students and other transfers are excluded from direct expenditure. Staff compensation includes salaries, contributions by employers for staff retirement programs, and other allowances and benefits.; ; United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.; Median;

Sweden BoP: Current Account: Primary Income: Debit: Compensation of Employees data was reported at 178.400 EUR mn in Nov 2018. This records an increase from the previous number of 176.800 EUR mn for Oct 2018. Sweden BoP: Current Account: Primary Income: Debit: Compensation of Employees data is updated monthly, averaging 63.300 EUR mn from Jan 2008 (Median) to Nov 2018, with 131 observations. The data reached an all-time high of 178.400 EUR mn in Nov 2018 and a record low of 41.000 EUR mn in Jul 2009. Sweden BoP: Current Account: Primary Income: Debit: Compensation of Employees data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Sweden – Table SE.Eurostat: BMP6 Balance of Payments.

Graph and download economic data for Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Sweden (LCEAMN01SEM661N) from Jan 1971 to Apr 2025 about Sweden, compensation, earnings, hours, and manufacturing.