Wages in Sweden increased 2.30 percent in October of 2019 over the same month in the previous year. Wage Growth in Sweden averaged 3.29 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. source: Swedish National Mediation Office

Wage Growth in Sweden is expected to be 2.40 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 2.80 in 12 months time. In the long-term, the Sweden Hourly Wage Growth YoY is projected to trend around 3.30 percent in 2020, according to our econometric models.

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Sweden Hourly Wage Growth YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.30 7.10 1.90 1992 - 2019 percent Monthly
NSA

Sweden Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.00 6.80 10.50 1.30 percent [+]
Employed Persons 5115.00 5140.00 5271.00 4236.00 Thousand [+]
Unemployed Persons 329.00 378.00 503.00 243.00 Thousand [+]
Long Term Unemployment Rate 0.80 0.90 3.50 0.30 percent [+]
Youth Unemployment Rate 20.10 19.60 27.80 2.90 percent [+]
Labour Costs 135.30 134.70 135.30 100.00 points [+]
Job Vacancies 933.00 728.00 1520.00 51.00 Hundred [+]
Wages 176.10 174.70 177.70 133.60 SEK/Hour [+]
Wages in Manufacturing 187.10 185.90 191.10 139.70 SEK/Hour [+]
Population 10.12 10.00 10.12 7.47 Million [+]
Retirement Age Women 61.00 61.00 61.00 61.00 [+]
Retirement Age Men 61.00 61.00 61.00 61.00 [+]
Labor Force Participation Rate 72.30 73.30 75.30 69.20 percent [+]
Wage Growth 2.30 2.30 7.10 1.90 percent [+]
Part Time Employment 1091.90 1117.30 1177.30 824.30 Thousand [+]
Productivity 114.10 105.10 114.50 68.30 points [+]
Employment Change 0.20 0.10 0.90 -1.00 percent [+]
Employment Rate 68.00 68.30 70.80 62.60 percent [+]
Full Time Employment 3916.70 3835.60 3916.70 2896.00 Thousand [+]