Wages in Belgium increased 3.40 percent in the fourth quarter of 2019 over the same period in the previous year.

Wage Growth in Belgium averaged 1.53 percent from 2001 until 2019, reaching an all time high of 6.80 percent in the second quarter of 2001 and a record low of -6.50 percent in the third quarter of 2009. This page provides - Belgium Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Belgium Wage Growth - values, historical data and charts - was last updated on July of 2020.

Wage Growth in Belgium is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Belgium to stand at 1.40 in 12 months time. In the long-term, the Belgium Wage Growth is projected to trend around 1.20 percent in 2021, according to our econometric models.

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Belgium Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.90 6.80 -6.50 2001 - 2019 percent Quarterly
NSA

Belgium Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.40 5.30 11.00 5.00 percent [+]
Employed Persons 4172.20 4177.90 4177.90 3010.70 Thousand [+]
Unemployed Persons 327467.00 296498.00 533460.00 281099.00 [+]
Labor Force Participation Rate 68.90 69.60 69.60 63.60 percent [+]
Long Term Unemployment Rate 2.30 2.20 5.70 2.20 percent [+]
Youth Unemployment Rate 11.90 11.90 26.10 11.90 percent [+]
Labour Costs 107.80 106.00 107.80 75.60 points [+]
Job Vacancies 129170.00 139420.00 149180.00 70256.00 [+]
Minimum Wages 1593.81 1593.81 1593.81 1074.44 EUR/Month [+]
Wage Growth 3.40 3.90 6.80 -6.50 percent [+]
Population 11.46 11.40 11.46 9.13 Million [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Full Time Employment 3562.40 3578.50 3606.20 2643.50 Thousand [+]
Part Time Employment 1203.30 1201.20 1203.30 602.20 Thousand [+]
Wages 3558.00 3489.00 3558.00 2238.00 EUR/Month [+]
Wages In Manufacturing 129.20 97.90 129.20 72.50 points [+]
Employment Change -0.24 0.34 1.80 -0.70 percent [+]
Employment Rate 65.10 65.30 65.80 55.70 percent [+]