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 |
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 1 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.
Want to get access to the full dataset of Chinese wages forecasts? Send an email to info@focus-economics.com.