Info

OECD Data

US, EU, UK

1996-

Code

ig_d("oecd", "EAR_MEI", "LCEAPRIXOBSA-USA-EA19-GBR-1996-real")

Source	Dataset	Updated	PNG	PDF
oecd	EAR_MEI	02 Aug 2026	png	pdf

2015-

Code

ig_d("oecd", "EAR_MEI", "LCEAPRIXOBSA-USA-EA19-GBR-FRA-2015-real")

Source	Dataset	Updated	PNG	PDF
oecd	EAR_MEI	02 Aug 2026	png	pdf

France, Germany, Italy, Belgium, Spain, Portugal, Austria

2015-

Code

ig_d("oecd", "EAR_MEI", "LCEAPRIXOBSA-FRA-DEU-ITA-BEL-ESP-PRT-AUT-2015-real")

Source	Dataset	Updated	PNG	PDF
oecd	EAR_MEI	02 Aug 2026	png	pdf

2019Q4-

Code

ig_d("oecd", "EAR_MEI", "LCEAPRIXOBSA-FRA-DEU-ITA-BEL-ESP-PRT-AUT-2015-real")

Source	Dataset	Updated	PNG	PDF
oecd	EAR_MEI	02 Aug 2026	png	pdf

United States vs. Euro area

United States

Employment cost Index

All

Code

ig_d("fred", "wage", "ECI")

Source	Dataset	Updated	PNG	PDF
fred	wage	20 Sep 2026	png	pdf

2019-

Code

ig_d("fred", "wage", "ECI-2019")

Source	Dataset	Updated	PNG	PDF
fred	wage	20 Sep 2026	png	pdf

U.S. Real Wages

All

Code

ig_d("fred", "wage", "real-wages")

Source	Dataset	Updated	PNG	PDF
fred	wage	20 Sep 2026	png	pdf

1970-

Code

ig_d("fred", "wage", "real-wages-1970")

Source	Dataset	Updated	PNG	PDF
fred	wage	20 Sep 2026	png	pdf

Europe wages

Negotiated wage rates, euro area

Negotiated pay grew around 1.5-2% for most of 2013-2021 — well below the ~3% (2% inflation + ~1% productivity) that would be consistent with the target.

Definition. pdf

Code

ig_d("ecb", "INW", "U2-negotiated-wages")

Source	Dataset	Updated	PNG	PDF
ecb	INW	23 Sep 2026	png	pdf

Another source:

Code

ig_d("ecb", "STS", "M-I8-N-UNEH-RTT000-4-000-2017")

Source	Dataset	Updated	PNG	PDF
ecb	STS	23 Sep 2026	png	pdf

ECB wage tracker

The wage tracker, built from the actual collective agreements in force, tells the same story of a long stretch of sub-3% growth before the 2022-2024 catch-up.

Code

ig_d("ecb", "EWT", "U2-wage-tracker")

Source	Dataset	Updated	PNG	PDF
ecb	EWT	23 Sep 2026	png	pdf

Wages and salaries

2017T2-2024T2

Code

ig_d("eurostat", "lc_lci_r2_q", "FR-B-S-SCA-D11-2017T2")

Source	Dataset	Updated	PNG	PDF
eurostat	lc_lci_r2_q	17 Sep 2026	png	pdf

Growth

Code

ig_d("eurostat", "lc_lci_r2_q", "FR-DE-ES-IT-B-S-D11-2020")

Source	Dataset	Updated	PNG	PDF
eurostat	lc_lci_r2_q	17 Sep 2026	png	pdf

Growth

Code

ig_d("eurostat", "lc_lci_r2_q", "FR-DE-ES-IT-B-S-D11-2020")

Source	Dataset	Updated	PNG	PDF
eurostat	lc_lci_r2_q	17 Sep 2026	png	pdf

Labour costs other than wages and salaries

Code

ig_d("eurostat", "lc_lci_r2_q", "FR-DE-ES-IT-B-S-D12D4MD5-2020")

Source	Dataset	Updated	PNG	PDF
eurostat	lc_lci_r2_q	17 Sep 2026	png	pdf

Labour costs other than wages and salaries

Code

ig_d("eurostat", "lc_lci_r2_q", "FR-DE-ES-IT-B-S-D12D4MD5-2020")

Source	Dataset	Updated	PNG	PDF
eurostat	lc_lci_r2_q	17 Sep 2026	png	pdf

Labour costs for LCI

Code

ig_d("eurostat", "lc_lci_r2_q", "FR-DE-ES-IT-B-S-D1D4MD5-2020")

Source	Dataset	Updated	PNG	PDF
eurostat	lc_lci_r2_q	17 Sep 2026	png	pdf

Minimum wages

Code

ig_d("oecd", "EAR_MEI", "LCEAPRIXOBSA-USA-EA19-GBR-FRA-2015-real")

Source	Dataset	Updated	PNG	PDF
oecd	EAR_MEI	02 Aug 2026	png	pdf

Nominal unit labour costs

Nominal unit labour cost growth — pay per worker net of productivity — ran below 2% (dashed line) across the euro area for most of 2010-2019, and turned negative in the stressed economies during the sovereign-debt crisis.

Code

ig_d("eurostat", "namq_10_lp_ulc", "NULC-PER-GROWTH-EA20-FR-DE-IT-ES")

Source	Dataset	Updated	PNG	PDF
eurostat	namq_10_lp_ulc	20 Sep 2026	png	pdf

Real minimum wages - OECD

US, France, Germany, Italy

Code

ig_d("oecd", "RMW", "PPP-H-FRA-USA-DEU-ITA-ESP")

Source	Dataset	Updated	PNG	PDF
oecd	RMW	02 Aug 2026	png	pdf

France Example: Differences

Compensation, Nominal unit labour cost, Real labour productivity

Code

ig_d("eurostat", "nama_10_lp_ulc", "RLPRPER-D1SALPER-NULCPER-FR-values")

Source	Dataset	Updated	PNG	PDF
eurostat	nama_10_lp_ulc	23 Sep 2026	png	pdf

Compensation, Nominal unit labour cost, Real labour productivity

Code

ig_d("eurostat", "nama_10_lp_ulc", "RLPRPER-D1SALPER-NULCPER-FR-values")

Source	Dataset	Updated	PNG	PDF
eurostat	nama_10_lp_ulc	23 Sep 2026	png	pdf

Wages in the Long Run

France

Code

ig_d("eurostat", "nama_10_lp_ulc", "D1-SAL-HW-FR")

Source	Dataset	Updated	PNG	PDF
eurostat	nama_10_lp_ulc	23 Sep 2026	png	pdf

Poland, Hungary, Croatia

Code

ig_d("eurostat", "nama_10_lp_ulc", "D1-SAL-HW-HR-PL-HU-NAC-index")

Source	Dataset	Updated	PNG	PDF
eurostat	nama_10_lp_ulc	23 Sep 2026	png	pdf

Poland, Hungary, Croatia

Code

ig_d("eurostat", "nama_10_lp_ulc", "D1-SAL-HW-HR-PL-HU-NAC-index")

Source	Dataset	Updated	PNG	PDF
eurostat	nama_10_lp_ulc	23 Sep 2026	png	pdf