Wages in South Africa increased to 22500 ZAR/Month in the fourth quarter of 2019 from 21966 ZAR/Month in the third quarter of 2019.

Wages in South Africa averaged 13756.80 ZAR/Month from 2004 until 2019, reaching an all time high of 22500 ZAR/Month in the fourth quarter of 2019 and a record low of 6742 ZAR/Month in the first quarter of 2005. This page provides - South Africa Total Quarterly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Average Monthly Gross Wage - values, historical data and charts - was last updated on July of 2020. source: Statistics South Africa

Wages in South Africa is expected to be 21000.00 ZAR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in South Africa to stand at 21600.00 in 12 months time. In the long-term, the South Africa Average Monthly Gross Wage is projected to trend around 21600.00 ZAR/Month in 2021, according to our econometric models.

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South Africa Average Monthly Gross Wage

Actual Previous Highest Lowest Dates Unit Frequency
22500.00 21966.00 22500.00 6742.00 2004 - 2019 ZAR/Month Quarterly
Current Prices, NSA

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 30.10 29.10 30.40 21.50 percent [+]
Employed Persons 10213000.00 10142000.00 10213000.00 3694977.00 [+]
Unemployed Persons 7069.65 6726.13 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 60.30 59.80 60.80 53.60 percent [+]
Labour Costs 165.60 160.50 165.60 1.00 points [+]
Wages 22500.00 21966.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 19377.00 19122.00 19377.00 6250.00 ZAR/Month [+]
Population 58.80 58.78 58.80 17.46 Million [+]
Retirement Age Women 60.00 60.00 60.00 60.00 [+]
Retirement Age Men 60.00 60.00 65.00 60.00 [+]
Minimum Wages 20.76 20.00 20.76 20.00 ZAR/Hour [+]
Youth Unemployment Rate 59.00 58.10 59.00 48.80 percent [+]
Employment Rate 42.14 42.40 46.17 41.00 percent [+]


South Africa Average Monthly Gross Wage
In South Africa, wages are benchmarked using the total value of salaries in the economy.