In 2025, it is predicted that average earnings in the United Kingdom will increase by *** percent, compared with a growth rate of *** percent in 2024, and *** percent in 2023, the fastest average earnings growth in this time period. By contrast, average earnings did not grow at all in 2020, in the aftermath of the COVID-19 pandemic. Earnings vs inflation Although earnings grew at their fastest pace between 2021 and 2023 in this provided time period, this was offset by the period of very high inflation that occurred alongside it. This reached a peak of **** percent in October 2022, with inflation only reaching the typical target rate of *** percent in May 2024. Despite strong wage growth, the average UK worker saw their earnings fall relative to inflation between November 2021 and May 2023. As of January 2024, weekly wages in the UK were still growing faster than inflation, at *** percent for regular pay and *** percent for pay including bonuses. Full-time earnings reach over ****** GBP in 2024 Full-time employees in the United Kingdom earned an average annual salary of ****** British pounds in 2024, compared with just over ****** in the previous year. As of this year, men reported higher earnings than women did, with the UK reporting a gender pay gap of **** percent for 2024, compared with **** percent in 1997. Workers in their 40s had the highest average earnings by age group, at approximately ****** for men, and ****** for women. Although men earned more than women in all age groups, this gap was smallest among workers aged 18 to 21.

Wages in Finland increased 1.10 percent in May of 2025 over the same month in the previous year. This dataset provides - Finland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Poland increased 9 percent in June of 2025 over the same month in the previous year. This dataset provides - Poland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Hungary increased 7.80 percent in May of 2025 over the same month in the previous year. This dataset provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Russia MED Forecast: Wage Fund of Organizations: YoY: Baseline Scenario data was reported at 7.250 % in 2026. This records a decrease from the previous number of 7.308 % for 2025. Russia MED Forecast: Wage Fund of Organizations: YoY: Baseline Scenario data is updated yearly, averaging 10.649 % from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 13.946 % in 2022 and a record low of 5.884 % in 2020. Russia MED Forecast: Wage Fund of Organizations: YoY: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Russia Premium Database’s Forecast – Forecast of The Social and Economic Development of The Russian Federation.

Wages in Germany increased 1.20 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

South Korea Wage Rate data was reported at 50,650,145.667 KRW in 2026. This records an increase from the previous number of 48,290,160.483 KRW for 2025. South Korea Wage Rate data is updated yearly, averaging 16,506,363.772 KRW from Dec 1970 (Median) to 2026, with 57 observations. The data reached an all-time high of 50,650,145.667 KRW in 2026 and a record low of 234,586.485 KRW in 1970. South Korea Wage Rate data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Hours Worked, Unit Labour Cost and Labour Compensation: Forecast: OECD Member: Annual. WRT - Wage rate, total economy

Wages in Belgium increased 1.10 percent in March of 2025 over the same month in the previous year. This dataset provides - Belgium Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

HNB Forecast: Gross Average Nominal Wage: YoY data was reported at 5.100 % in 2023. This records a decrease from the previous number of 7.500 % for 2022. HNB Forecast: Gross Average Nominal Wage: YoY data is updated yearly, averaging 4.100 % from Dec 2017 (Median) to 2023, with 7 observations. The data reached an all-time high of 7.500 % in 2022 and a record low of 2.500 % in 2020. HNB Forecast: Gross Average Nominal Wage: YoY data remains active status in CEIC and is reported by Croatian National Bank. The data is categorized under Global Database’s Croatia – Table HR.G025: Gross Average Nominal Wage: Year on Year Growth: Forecast: Croatian National Bank.

Egypt Wages: Weekly Average data was reported at 1,251.000 EGP in 2023. This records an increase from the previous number of 1,052.000 EGP for 2022. Egypt Wages: Weekly Average data is updated yearly, averaging 534.000 EGP from Dec 1999 (Median) to 2023, with 25 observations. The data reached an all-time high of 1,283.000 EGP in 2019 and a record low of 143.000 EGP in 1999. Egypt Wages: Weekly Average data remains active status in CEIC and is reported by Central Agency for Public Mobilization and Statistics. The data is categorized under Global Database’s Egypt – Table EG.G018: Wages and Salaries.

MFIN Forecast: Wages: YoY data was reported at 2.000 % in 2020. This records an increase from the previous number of 1.500 % for 2019. MFIN Forecast: Wages: YoY data is updated yearly, averaging 1.500 % from Dec 2017 (Median) to 2020, with 4 observations. The data reached an all-time high of 2.000 % in 2020 and a record low of 0.500 % in 2017. MFIN Forecast: Wages: YoY data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Montenegro – Table ME.G013: Wages: Year on Year Growth: Forecast: Ministry of Finance.

The Department of Treasury and Finance (DTF) monitors economic conditions in the Victorian economy and prepares forecasts of the main economic indicators of those conditions twice yearly for the …Show full descriptionThe Department of Treasury and Finance (DTF) monitors economic conditions in the Victorian economy and prepares forecasts of the main economic indicators of those conditions twice yearly for the current and four-ensuing years (the out-years). The economic forecasts underpin the Government's fiscal outlook presented in the Budget and Budget Update. The key economic indicators forecast growth in real gross state product (GSP) and the level of nominal GSP; growth in employment and the unemployment rate; growth in wages; growth in consumer prices (the CPI) and population growth. For further information refer to the Macroeconomic indicators methodology for making forecasts of macro-economic indicators.

The Department of Treasury and Finance (DTF) monitors economic conditions in the Victorian economy and prepares forecasts of the main economic indicators of those conditions twice yearly for the current and four-ensuing years (the out-years). The economic forecasts underpin the Government's fiscal outlook presented in the Budget and Budget Update. The key economic indicators forecast growth in real gross state product (GSP) and the level of nominal GSP; growth in employment and the unemployment rate; growth in wages; growth in consumer prices (the CPI) and population growth. For further information refer to the Macroeconomic indicators methodology for making forecasts of macro-economic indicators.

Earned Wage Access Software Market Outlook

The global earned wage access (EWA) software market size was valued at USD 2.8 billion in 2023 and is anticipated to reach USD 21.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 25.3% during the forecast period. This rapid growth is driven by increasing financial stress among employees and the rising demand for flexible payment solutions that enhance financial wellness. The burgeoning gig economy, coupled with the digitalization of financial services, further acts as a catalyst for the market expansion.

Growth in the EWA software market is largely attributed to the increasing awareness about the benefits of financial well-being programs among employers. Businesses are increasingly recognizing that financial stress can significantly impact employee productivity and job satisfaction. Consequently, employers are adopting EWA solutions to offer their workforce the ability to access earned wages before the traditional payday, thereby alleviating financial stress and enhancing employee retention. Studies have shown that employees who have access to EWA solutions report greater financial security and lower stress levels, contributing to a healthier work environment.

Technological advancements and the proliferation of smartphones have also substantially contributed to the growth of the EWA software market. Mobile applications provide a seamless and user-friendly interface for employees to access earned wages, thereby enhancing user experience and adoption rates. The integration of advanced technologies such as artificial intelligence and blockchain further ensures secure and efficient transactions, which boosts consumer confidence in these solutions. Moreover, the rise of financial technology (fintech) companies offering innovative EWA solutions has intensified market competition, leading to continuous improvements in service offerings.

The ongoing COVID-19 pandemic has served as a significant growth factor for the EWA software market. The economic uncertainties and job insecurities brought about by the pandemic have heightened the need for financial flexibility among employees. During the pandemic, many employers adopted EWA solutions as a part of their employee assistance programs to provide immediate financial relief. This trend is expected to persist even in the post-pandemic era as businesses continue to prioritize employee financial wellness as a key component of their overall well-being strategy.

Regionally, North America currently dominates the EWA software market, driven by high technological adoption rates and a strong focus on employee benefits among companies in the region. The presence of prominent market players and the early adoption of fintech innovations also contribute to this dominance. However, the Asia Pacific region is expected to witness the highest growth during the forecast period, fueled by the expanding gig economy, increasing smartphone penetration, and growing awareness of financial wellness programs among employers. Europe and Latin America are also poised for substantial growth, driven by similar factors and favorable regulatory environments.

Component Analysis

The EWA software market is segmented into software and services based on component. The software segment comprises platforms and applications developed to facilitate earned wage access, while services include implementation, maintenance, and consulting. The software segment holds the largest market share owing to the increasing demand for digital solutions that provide real-time access to earned wages. These software solutions are designed to integrate seamlessly with existing payroll systems, offering a streamlined and efficient process for both employers and employees.

Within the software segment, mobile applications dominate due to their convenience and ease of use. The proliferation of smartphones has made mobile apps a preferred choice for employees to access their earned wages. These apps often come with user-friendly interfaces and additional features such as financial planning tools and budgeting tips, which enhance user engagement and satisfaction. The continuous advancements in mobile technology and user interface design are expected to drive further growth in this sub-segment.

On the services front, the growing complexity of EWA solutions necessitates robust support and consulting services. Employers require assistance in integrating EWA solutions with their existing payroll systems and ensuring compliance with financial regulations. This has led to an increased demand

Wages in Portugal increased 9.40 percent in May of 2025 over the same month in the previous year. This dataset provides - Portugal Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

For 2024, overall nominal wages were predicted to rise by around 1.9 percent. The public sector was even expected an increase of approximately 2.2 percent, while employees in the media sector were only to expect a nominal wage increase of around one percent. Nominal wages refer to the amount of money paid to an employee in current currency, without adjusting for inflation or changes in the cost of living. It represents the face value of the wages, not considering the purchasing power of the money earned.

The Department of Treasury and Finance (DTF) monitors economic conditions in the Victorian economy and prepares forecasts of the main economic indicators of those conditions twice yearly for the current and four-ensuing years (the out-years). The economic forecasts underpin the Government's fiscal outlook presented in the Budget and Budget Update. The key economic indicators forecast growth in real gross state product (GSP) and the level of nominal GSP; growth in employment and the unemployment rate; growth in wages; growth in consumer prices (the CPI) and population growth. For further information refer to the Macroeconomic indicators methodology for making forecasts of macro-economic indicators.

France FR: Wages Index data was reported at 113.673 2010=100 in 2016. This records an increase from the previous number of 111.918 2010=100 for 2015. France FR: Wages Index data is updated yearly, averaging 35.858 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 113.673 2010=100 in 2016 and a record low of 0.761 2010=100 in 1948. France FR: Wages Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s France – Table FR.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.

Uruguay CINVE Forecast: Average Wage Index: YoY data was reported at 8.100 % in 2019. This records a decrease from the previous number of 8.800 % for 2018. Uruguay CINVE Forecast: Average Wage Index: YoY data is updated yearly, averaging 8.800 % from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 9.500 % in 2017 and a record low of 8.100 % in 2019. Uruguay CINVE Forecast: Average Wage Index: YoY data remains active status in CEIC and is reported by Center of Economic Research . The data is categorized under Global Database’s Uruguay – Table UY.G011: Wage Index: Forecast: Center for Economic Research.

Wages in Japan increased 1 percent in May of 2025 over the same month in the previous year. This dataset provides - Japan Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.