Spain's Wage Growth Highest Among G20 Nations at 16.67%
- A Small Font
- A Medium Font
- A Bigger Font
Wages are the money paid as compensation for the effort someone has expended to do something. The higher the worker's skills and productivity, the higher the wages received.
According to data from tradingeconomics.com, Spain had the highest wage growth among other G20 countries. Wage growth in Spain reached 16.67% in 2021, or an increase of 1.11 percentage points compared to the previous year.
The United States had the second-highest wage growth among G20 countries at 9.77%. The United Kingdom had wage growth of 5.8%, and Argentina 3.6%.
Germany recorded wage growth of 3%. Canada and Australia had wage growth of 2.6% and 2.2%, respectively. Wage growth for workers in Russia was 2% in 2021.
Meanwhile, wage growth in Switzerland contracted by 0.8%. Wage growth in other European Union countries also contracted by 0.4%.
(Read More: China's Investment in Indonesia Largest Among G20 Countries in 2020, How Much Was It?)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data