Index of Agreed Minimum Wages 16

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 September 2020 the index reached a value of 110.0 (provisional figure), the same level than the previous month. The rate of increase compared with Septbember 2019 was 2.2%.

In 2019 the annual average of the Index of Agreed Minimum Wages 16 amounted to 107.8. In general, minimum wages were 3.0 per cent higher than in the previous year (+3.1% for blue-collar workers, +3.1% for white-collar workers and 3.1% for civil servants).

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.

Please consult our Statistical overviews or our German website for tables and charts containing further information.