Wages in Estonia
Over the past decade until 2022, Estonia's economy recorded an average growth rate of 6.5%, which is above the Euro Area average of 2.2%. In 2022, wage growth was 11.6%.
Estonia Wages Chart
Note: This chart displays Wages (ann. var. %) for Estonia from 2014 to 2023.
Source: Macrobond.
Estonia Wages Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Wages (ann. var. %) | 7.5 | 2.9 | 1.7 | 11.6 | 11.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Estonian wages projections for the next ten years from a panel of 4 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 Estonian wages.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Estonian wages projections.
Want to get access to the full dataset of Estonian wages forecasts? Send an email to info@focus-economics.com.