Wages in Manufacturing in South Africa decreased to 17006 ZAR/Month in the second quarter of 2020 from 19114 ZAR/Month in the first quarter of 2020.

Wages in Manufacturing in South Africa averaged 12472.62 ZAR/Month from 2004 until 2020, reaching an all time high of 19377 ZAR/Month in the fourth quarter of 2019 and a record low of 6250 ZAR/Month in the second quarter of 2005. This page provides - South Africa Total Quarterly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Average Monthly Wages in Manufacturing - values, historical data and charts - was last updated on October of 2020. source: Statistics South Africa

Wages in Manufacturing in South Africa is expected to be 19000.00 ZAR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in South Africa to stand at 19000.00 in 12 months time. In the long-term, the South Africa Average Monthly Wages in Manufacturing is projected to trend around 19000.00 ZAR/Month in 2021, according to our econometric models.

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South Africa Average Monthly Wages in Manufacturing

Actual Previous Highest Lowest Dates Unit Frequency
17006.00 19114.00 19377.00 6250.00 2004 - 2020 ZAR/Month Quarterly
Current Prices, NSA

South Africa Labour Last Previous Highest Lowest Unit
Unemployment Rate 23.30 30.10 30.40 21.50 percent [+]
Employed Persons 9548000.00 10231000.00 10231000.00 3694977.00 [+]
Unemployed Persons 4294.85 7069.65 7069.65 3873.00 Thousand [+]
Labor Force Participation Rate 47.30 60.30 60.80 47.30 percent [+]
Labour Costs 163.80 165.60 165.60 1.00 points [+]
Wages 21455.00 22387.00 22500.00 6742.00 ZAR/Month [+]
Wages in Manufacturing 17006.00 19114.00 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 52.30 59.00 59.00 48.80 percent [+]
Employment Rate 42.14 42.40 46.17 41.00 percent [+]