The Index of Agreed Minimum Wages 16 (base: 2016 annual average = 100) measures the minimum wage trend in Austria. The index is a key evaluation criterion for wage and salary negotiations and, in conjunction with other indices relating to wage and price trends, represents an important and extremely up-to-date economic indicator.
In December 2020 the index reached a value of 110.2 (provisional figure), the same level than the previous month. The rate of increase compared with December 2019 was 2.1%.
In 2020 the annual average of the Index of Agreed Minimum Wages 16 amounted
In general, minimum wages were 2.3 per cent higher than in the previous
In the last few months the Index of Agreed Minimum Wages 16 has been revised increasingly, as collective agreement negotiations - with retroactive effect - are concluded or sent to us with a delay due to Corona.
|Results (overview): Index of Agreed Minimum Wages|
|Index of Agreed Minimum Wages - Main Index and Selected Index Groups|
© STATISTICS AUSTRIA, Last Changed 15.01.2021