Wednesday , December 19 2018
Home / SNB & CHF / Inflation outstrips Swiss salary increases

Inflation outstrips Swiss salary increases

Summary:
© Convisum | Dreamstime.com The latest figures show that Swiss salaries have not kept up with inflation. An average Swiss salary rose 0.4% in 2017, compared to inflation of 0.5%. This left the average salary earner 0.1% worse off in real terms over the year. The figures were the same for both the secondary and ...

Topics:
Investec considers the following as important: , ,

This could be interesting, too:

Swiss Statistics writes Pension fund statistics 2017: definitive results

Swissinfo writes UK signs air service deal with Switzerland for post-Brexit flights

Jeffrey P. Snider writes The Relevant Word Is ‘Decline’

Marc Chandler writes FX Daily, December 17: Markets Quiet to Start Fed Week

Inflation outstrips Swiss salary increases

© Convisum | Dreamstime.com

The latest figures show that Swiss salaries have not kept up with inflation. An average Swiss salary rose 0.4% in 2017, compared to inflation of 0.5%. This left the average salary earner 0.1% worse off in real terms over the year.

The figures were the same for both the secondary and tertiary sectors.

The rise in 2017 (+0.4%) was the same as 2016 (+0.4%) but less than 2015 (+0.5%) and 2014 (+0.9%). Average annual salary increases in Switzerland have been below 1% since 2010.

The 2017 average hides a wide range of salary movements from +1.3% to -0.3%. Jobs with the greatest salary rises include paper and printing (+1.3%), telecommunications (+1.2%) and IT services (+0.8%). Those at the bottom end include public administration (+0.1%), metal work (-0.2%) and rubber and plastic manufacturing (-0.3%).

The median Swiss salary in 2016 (the latest figure) was CHF 78,024 (US$ 78,000) a year1.

More on this:
Federal Statistical Office press release (in French) – Take a 5 minute French test now
1 Includes 13th month salary typically paid in Switzerland and assumes a 40 hour week.


Tags: ,
About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *