The evolution over time of the average wage in the economy or in a particular economic sector is captured by the evolution of the wage index. The wage index is set to 100 in year 2020 and compares the average wage in other times to the average wage of year 2020. For example, the value of the wage index for all sectors in the second quarter of 2023 (6-2023) is 110.5 which means that the average wage in nominal terms was 10.5% higher than in 2020.

The next graph presents the evolution of the wage index for the whole economy and separately for each economic sector.

The cost of employing workers includes the wages and salaries paid to employees plus the taxes paid to the government minus any employment subsidies received by the firm. The next graph shows the evolution of the Labor Cost Index and the Wage Index.

Private-sector monthly salaries for full-time workers are documented by the social insurance system. The graph shows the average base salary in the private sector for full-time workers and separately for men and women.

Private-sector salaries differ significantly by firm size. The next graph presents the average base salary for full-time workers who are employed at first with 10 employees or more and at firms with fewer than 10 employees.

The graph shows the evolution of the national minimum wage.