Wages in Austria
The Austrian economy recorded an average growth rate of 2.3% in the decade to 2022, slightly above the 2.2% average for the Euro Area. In 2022, wage growth was 3.1%.
Austria Wages Chart
Note: This chart displays Wages (ann. var. %) for Austria from 2021 to 2024.
Source: Macrobond.
Austria Wages Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Wages (ann. var. %) | -0.1 | 4.9 | 8.2 | 8.3 | 8.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian wages projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable wages forecast available for Austrian wages.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian wages projections.
Want to get access to the full dataset of Austrian wages forecasts? Send an email to info@focus-economics.com.