Wages in Sweden increased 1.40 percent in November of 2020 over the same month in the previous year. source: Swedish National Mediation Office

Wage Growth in Sweden averaged 3.24 percent from 1992 until 2020, reaching an all time high of 7.10 percent in May of 1996 and a record low of 1.20 percent in June of 2020. 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 March of 2021.

Wage Growth in Sweden is expected to be 1.10 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 1.70 in 12 months time. In the long-term, the Sweden Hourly Wage Growth YoY is projected to trend around 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
1.40 1.30 7.10 1.20 1992 - 2020 percent Monthly
NSA

Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 9.30 8.20 10.50 1.30 percent [+]
Employed Persons 4863.00 5054.00 5271.00 4236.00 Thousand [+]
Unemployed Persons 498.00 450.00 557.00 243.00 Thousand [+]
Long Term Unemployment Rate 1.20 1.10 3.50 0.30 percent [+]
Youth Unemployment Rate 24.20 24.00 28.30 2.90 percent [+]
Labour Costs 139.90 139.30 139.90 100.00 points [+]
Job Vacancies 1103.00 871.00 1520.00 51.00 Hundred [+]
Wages 179.00 177.30 179.50 133.60 SEK/Hour [+]
Wages in Manufacturing 189.90 187.60 191.20 139.70 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 71.30 73.00 75.40 69.20 percent [+]
Productivity 104.10 104.20 104.20 65.30 points [+]
Part Time Employment 1049.50 1091.40 1177.30 824.30 Thousand [+]
Full Time Employment 3842.00 3749.30 3916.70 2896.00 Thousand [+]
Employment Change 0.40 0.30 1.10 -1.90 percent [+]
Employment Rate 64.70 67.00 70.70 62.60 percent [+]
Wage Growth 1.40 1.30 7.10 1.20 percent [+]