Euro Area Wage Growth

Last Release

Sep 30, 2022

Actual

2.1

Units In

4.1

Frequency

Quarterly

Next Release

Sep 16, 2025

Time to Release

2 Months 29 Days 8 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 across the Eurozone rose by 3.4% year-on-year in the first quarter of 2025, easing from a 4.1% increase in the previous quarter. This marked the slowest pace of wage growth since Q3 2022, offering some relief to the European Central Bank as it adopts a cautious, wait-and-see stance amid waning inflationary pressures and muted economic momentum. Among the region’s largest economies, wage growth decelerated notably in Germany (2.8% vs 4.4% in Q4 2024), Italy (3.9% vs 4.4%), and the Netherlands (5.6% vs 6.2%). In contrast, Spain and France saw modest accelerations, with wages rising 3.7% (up from 3.4%) and 1.9% (up from 1.8%), respectively.