Development of nominal and real wages Eurozone 2022 | Statista

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Real wages in the Eurozone hit a new low in 2022, as high inflation caused the real value of wages to decline by 5.2 percent. Real wage growth is measured by adjusting nominal wage growth - that is, the growth of wages in monetary values - for inflation, or changes in the average price of the basket of goods. This means that in 2022, a worker would be able to buy five percent less than they would have in 2021, assuming their wages grew by the 2.8 percent nominal wage growth which was seen across the Eurozone in 2022.

Annual growth rate of nominal and real wages and inflation rate for the Eurozone from 2000 to 2022

Characteristic	Nominal wages	Real wages	Inflation
2000	2.2%	0%	2.1%
2001	2.7%	0.2%	2.3%
2002	2.7%	0.4%	2.3%
2003	2.5%	0.4%	2.1%
2004	2.1%	-0.1%	2.1%
2005	2.3%	0.1%	2.2%
2006	2.3%	0.1%	2.2%
2007	2.2%	0.1%	2.1%
2008	3.3%	-0.1%	3.3%
2009	2.6%	2.3%	0.3%
2010	1.7%	0.1%	1.6%
2011	2%	-0.7%	2.7%
2012	2.1%	-0.3%	2.5%
2013	1.8%	0.4%	1.4%
2014	1.7%	1.3%	0.4%
2015	1.5%	1.3%	0.2%
2016	1.5%	1.2%	0.2%
2017	1.5%	0%	1.5%
2018	2.1%	0.3%	1.8%
2019	2.3%	1%	1.2%
2020	1.8%	1.6%	0.3%
2021	1.5%	-1.1%	2.6%
2022	2.8%	-5.2%	8.4%

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Release date

June 2023

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Region

Europe, EU

Survey time period

2000 to 2022

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