Wage growth in developed countries 2019-2024

Published by
Einar H. Dyvik,
Sep 20, 2024

Japan recorded the lowest growth rate in average wages of the three advanced major economies included here over recent years. However, wages growth started increasing more in June and July 2024. The wage growth in both Japan, the United Kingdom, and the United States stood at around four percent in July that year.

Wage growth in Japan, the United Kingdom, and the United States from January 2020 to July 2024

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Release date

September 2024

Region

Worldwide

Survey time period

January 2020 to July 2024

Supplementary notes

Growth is calculated as follows for each country:
United Kingdom: year-on-year average weekly earnings (including bonuses)
Japan: year-on-year nominal cash earnings
United States: year-on-year wage growth

Wage growth figures for the euro area and major euro area economies can be found here.

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