Wages in Sweden increased 2.50 percent in December of 2019 over the same month in the previous year.

Wage Growth in Sweden averaged 3.28 percent from 1992 until 2019, reaching an all time high of 7.10 percent in May of 1996 and a record low of 1.90 percent in April of 2016. This page provides - Sweden Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Sweden Hourly Wage Growth YoY - values, historical data and charts - was last updated on July of 2020. source: Swedish National Mediation Office

Wage Growth in Sweden is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Sweden to stand at 1.10 in 12 months time. In the long-term, the Sweden Hourly Wage Growth YoY is projected to trend around 1.90 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Sweden Hourly Wage Growth YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.60 7.10 1.90 1992 - 2019 percent Monthly
NSA

Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.00 8.20 10.50 1.30 percent [+]
Employed Persons 5023.00 5005.00 5271.00 4236.00 Thousand [+]
Unemployed Persons 497.00 449.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.20 1.00 3.50 0.30 percent [+]
Youth Unemployment Rate 25.90 25.10 27.80 2.90 percent [+]
Labour Costs 132.60 133.80 138.10 100.00 points [+]
Job Vacancies 626.00 904.00 1520.00 51.00 Hundred [+]
Wages 177.50 176.50 178.30 133.60 SEK/Hour [+]
Wages in Manufacturing 188.30 187.70 191.20 139.70 SEK/Hour [+]
Population 10.23 10.12 10.23 7.47 Million [+]
Retirement Age Women 62.00 61.00 62.00 61.00 [+]
Retirement Age Men 62.00 61.00 62.00 61.00 [+]
Labor Force Participation Rate 72.40 72.30 75.30 69.20 percent [+]
Productivity 103.40 103.50 103.50 65.30 points [+]
Part Time Employment 1110.00 1150.70 1177.30 824.30 Thousand [+]
Full Time Employment 3735.70 3776.00 3916.70 2896.00 Thousand [+]
Employment Change -0.50 0.10 1.10 -1.00 percent [+]
Employment Rate 66.40 67.10 70.80 62.60 percent [+]
Wage Growth 2.50 2.60 7.10 1.90 percent [+]