Wages in United Kingdom
The United Kingdom recorded average wage growth of 2.9% in the decade to 2022. In 2022, wage growth was 6.1%.
United Kingdom Wages Chart
Note: This chart displays Wages (ann. var. %) for United Kingdom from 2014 to 2023.
Source: Macrobond.
United Kingdom Wages Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Wages (ann. var. %) | 3.4 | 1.8 | 5.9 | 6.1 | 6.9 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects British wages projections for the next ten years from a panel of 10 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 British wages.
Download one of our sample reports to visualize what a Consensus Forecast is and see our British wages projections.
Want to get access to the full dataset of British wages forecasts? Send an email to info@focus-economics.com.