Euro Area Wage Growth

Last Release

Sep 30, 2022

Actual

2.1

Units In

4.1

Frequency

Quarterly

Next Release

Mar 19, 2025

Time to Release

2 Months 30 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
5.4 Jun 2020	-0.5 Jun 2021	2.04 %	2009-2022	Eurostat

In the Euro Area, wage growth refers to the change in the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including home workers), in return for work done during the accounting period, regardless of whether it is paid on the basis of working time, output or piecework and whether it is paid regularly.

Latest Updates

Wages in the Eurozone rose 4.4% year-on-year in Q3 2024, the least so far this year, compared to an upwardly revised 4.9% rise in Q2. Wage growth slowed in industry (4.4% vs 5%), construction (4.6% vs 5.2%) and services (4.3% vs 4.6%). Among the bloc's largest economies, wage growth eased in Germany (4% vs 5.7%) and France (2.7% vs 3.3%) but accelerated in Spain (4.7% vs 3.9%) and Italy (5.2% vs 4.2%).