City skyline in China

China Wages

China Wages

Wages in China

The economy of China recorded an average growth rate of 9.3% in the decade leading to 2022. In 2022, wage growth was at 6.7%.

China Wages Chart

Note: This chart displays Wages (ann. var. %) for China from 2013 to 2023.
Source: Macrobond.

China Wages Data

2019 2020 2021 2022 2023
Wages (ann. var. %) 9.8 7.6 9.7 6.7 5.8
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chinese wages projections for the next ten years from a panel of 2 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 Chinese wages.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese wages projections.

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