Poland’s corporate sector wage growth ticked down to 12.1 percent year-on-year to PLN 7,430.65 in April 2023 from 12.6 percent in the previous month and matching market expectations. On a monthly basis, corporate wages dropped by 1 percent, weighed down by additional payments of annual bonuses and awards, jubilee awards, quarterly bonuses, overtime pays, and retirement severance pays. Meanwhile, the highest increase in wages and salaries in comparison to the prior month was seen in agriculture, forestry and fishing (32.8 percent to PLN 10,854.40) and mining and quarrying (28.7 percent to PLN 13,271.41). source: Central Statistical Office of Poland (GUS)

Wage Growth in Poland averaged 6.04 percent from 2006 until 2023, reaching an all time high of 15.80 percent in July of 2022 and a record low of 0.38 percent in January of 2013. This page provides - Poland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland Corporative Sector Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Wage Growth in Poland is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland Corporative Sector Wage Growth is projected to trend around 2.30 percent in 2024 and 2.60 percent in 2025, according to our econometric models.

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Poland Corporative Sector Wage Growth



Calendar GMT Actual Previous Consensus TEForecast
2023-04-21 08:00 AM Mar 12.6% 13.6% 12.4% 12.5%
2023-05-22 08:00 AM Apr 12.1% 12.6% 12.1% 11.9%
2023-06-21 08:00 AM May 12.1%


Related Last Previous Unit Reference
Unemployment Rate 5.20 5.40 percent Apr 2023
Unemployed Persons 821.90 846.90 Thousand Apr 2023
Employed Persons 16852.00 16796.00 Thousand Mar 2023
Job Vacancies 56.90 61.80 Thousand Apr 2023
Wages 7124.26 6733.49 PLN/Month Mar 2023
Wages in Manufacturing 6910.31 7111.27 PLN/Month Apr 2023
Wage Growth 12.10 12.60 percent Apr 2023
Employment Change 0.40 0.50 percent Apr 2023
Labor Force Participation Rate 58.40 58.20 percent Mar 2023

Poland Corporative Sector Wage Growth
In Poland, Corporate Sector Wages measures year over year change in average monthly gross wage in the enterprise sector.
Actual Previous Highest Lowest Dates Unit Frequency
12.10 12.60 15.80 0.38 2006 - 2023 percent Monthly
NSA

News Stream
Poland Corporate Wage Growth In Line with Forecasts
Poland’s corporate sector wage growth ticked down to 12.1 percent year-on-year to PLN 7,430.65 in April 2023 from 12.6 percent in the previous month and matching market expectations. On a monthly basis, corporate wages dropped by 1 percent, weighed down by additional payments of annual bonuses and awards, jubilee awards, quarterly bonuses, overtime pays, and retirement severance pays. Meanwhile, the highest increase in wages and salaries in comparison to the prior month was seen in agriculture, forestry and fishing (32.8 percent to PLN 10,854.40) and mining and quarrying (28.7 percent to PLN 13,271.41).
2023-05-22
Poland Corporate Wage Growth Slows in March
Poland’s corporate sector wages eased to 12.6 percent year-on-year to PLN 7,508.34 in March 2023 from 13.6 percent increase in the previous month, and above market forecasts of a 12.4 percent rise. The highest increase in wages and salaries in comparison to the previous year was noted in transport & storage (18.7 percent to PLN 6,894.65), electricity, gas, steam & air conditioning supply (16.1 percent to PLN 11,242.62) and arts, entertainment & recreation (15.9 percent to PLN 6,292.17). On a monthly basis, wages went up by 6.3 percent, after a 2.6 percent rise in the previous month.
2023-04-21
Poland Corporate Wages Growth Above Forecasts
Poland’s corporate sector wages rose by 13.6% year-on-year to PLN 7,065.56 in February 2023, edging higher from a 13.5% growth in January and well-above market forecasts of a 12% increase. Compared to the previous month, wages grew by 2.6%, mainly driven by payments of annual bonuses and awards, jubilee awards, bonus payments due to inflation, pay rises and retirement severance pay. The largest growth in average monthly gross wages and salaries was seen in mining & quarrying (42.2% to PLN 12,801.92) and electricity, gas, steam and air conditioning supply (10.4% to PLN 10,946.98).
2023-03-20