Press release No. 048 of 7 February 2023
- Largest increase in nominal earnings since 2008: +3.4% on a year earlier
- However, high inflation has led to largest loss in real earnings for employees since the beginning of the time series in 2008
- Real earnings down for the third consecutive year in 2022
WIESBADEN – According to provisional results of the earnings survey, the index of nominal earnings in Germany increased by an annual average of 3.4% in 2022 compared with a year earlier. The index reflects the development of gross monthly earnings of employees including extra payments. This has been the largest increase in nominal earnings since the beginning of the time series in 2008. Consumer prices rose 7.9% in 2022. The Federal Statistical Office (Destatis) reports that real earnings are expected to have decreased by an average of 4.1% compared with 2021, following their previous downward trend in the last two crisis years.
Basic data and long time series are available in table earnings survey (62361) in the GENESIS-Online database.
