Average Weekly Earnings / Wages by Country
Wages — average hourly earnings (US), average weekly earnings (UK, AU), wage price index (AU), and labour cost indices in the eurozone — measure the pace at which pay is rising across the economy. They are the primary feedstock for services inflation.
Why compare Average Weekly Earnings / Wages across countries?
Wage growth is the single most important variable for services inflation, which is the stickiest component of CPI. Central banks need to see wages slowing toward levels consistent with the inflation target before they cut decisively. Sustained above-target wage growth therefore supports the currency through a more hawkish reaction function.
How to read the country list
Compare year-over-year wage growth to the central bank's implicit comfort zone (often around 3-3.5 percent for 2 percent inflation targets, depending on productivity). Real wages (nominal minus inflation) matter for consumer spending power.
Supported countries
Filter by country, currency, source, cadence, or unit.
| Country / Currency | Frequency | Unit | Source | History | Links |
|---|---|---|---|---|---|
|
Australia
AUD / Australian Dollar
|
Quarterly | %YoY | ABS | History from 2010-03-31 (16.2 years) | |
|
Denmark
DKK / Danish Krone
|
Quarterly | %YoY | Statistics Denmark | Coverage metadata updating | |
|
Sweden
SEK / Swedish Krona
|
Monthly | %YoY | Statistics Sweden | Coverage metadata updating | |
|
United States
USD / US Dollar
|
Monthly | %YoY | BLS | Coverage metadata updating |