Wages in the European Union increased 3.7 percent year-on-year in the last quarter of 2020. source: EUROSTAT

Wage Growth in European Union averaged 2.21 percent from 2010 until 2020, reaching an all time high of 5 percent in the second quarter of 2020 and a record low of 1 percent in the third quarter of 2010. This page provides - European Union Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. European Union Wage Growth - values, historical data and charts - was last updated on May of 2021.

Wage Growth in European Union is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in European Union to stand at 1.60 in 12 months time. In the long-term, the European Union Wage Growth is projected to trend around 1.80 percent in 2022 and 2.10 percent in 2023, according to our econometric models.

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European Union Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
3.70 2.40 5.00 1.00 2010 - 2020 percent Quarterly
WDA

European Union Labour Last Previous Highest Lowest Unit
Unemployed Persons 15953.00 15919.00 24146.00 13493.00 Thousand [+]
Long Term Unemployment Rate 2.40 2.00 5.70 2.00 percent [+]
Labour Costs 117.60 106.90 117.60 83.00 points [+]
Employed Persons 192164.00 191608.00 195220.00 170598.00 Thousand [+]
Employment Change 0.40 0.90 0.90 -2.70 percent [+]
Full Time Employment 157457.10 157818.20 160627.20 146066.10 Thousand [+]
Labor Force Participation Rate 57.00 57.10 57.70 55.60 percent [+]
Part Time Employment 34832.60 34500.70 35921.60 31016.50 Thousand [+]
Population 447.32 446.45 447.32 354.53 Million [+]
Productivity 105.00 104.00 105.00 75.50 points [+]
Retirement Age Men 64.28 64.21 64.28 62.57 [+]
Retirement Age Women 63.44 63.31 63.44 61.24 [+]
Unemployment Rate 7.30 7.40 11.50 6.40 percent [+]
Wage Growth 3.70 2.40 5.00 1.00 percent [+]
Youth Unemployment Rate 17.10 17.20 24.90 14.70 percent [+]