Press release No. 078 of 1 March 2023
- Largest increase in nominal earnings since 2008: +3.5% on a year earlier
- After revision of the consumer price index: still the largest loss in real earnings of employees since 2008
- Real earnings down for the third consecutive year in 2022
WIESBADEN – The index of nominal earnings in Germany rose by 3.5% in 2022 compared with a year earlier. The index reflects the development of gross monthly earnings of employees including extra payments. Inflation rate at +8.7% in January 2023.The Federal Statistical Office (Destatis) also reports that real earnings in 2022 thus decreased by 3.1% compared with 2021, following their previous downward trend in the last two crisis years. In 2021 and 2022, high inflation offset the rise in nominal earnings, while the negative development of nominal and real earnings in 2020 had been due in particular to the increase in short-time working.
Basic data and long time series are available in table earnings survey (62361) in the GENESIS-Online database.
