Wage growth lower in Denmark than abroad for four years
09 March 2015
For just over four years, the wage growth in industry and construction was lower in Denmark than abroad, according to the latest wage statistics of the Danish Employers' Association.
Wage growth in Denmark was 1.6% in Q4 2014 compared to Q4 2013. Among Denmark’s major trading partners, the wage growth in industry was 2.2%.
It is the 15th consecutive quarter that Danish wage developments in industry are lower than abroad. In building and construction, wage increases were also lower in Denmark in Q4 2014 than abroad, 1.2% and 1.6% respectively.
In Q4 2014, the rate of wage increases in trade increased more in Denmark than abroad; 1.9% and 1.7% respectively. However, wage developments in trade have overall been the same in Denmark and abroad over the last 10 quarters.
About the index
The wage statistics include data for 13 of Denmark’s largest trading partners: Germany, Sweden, USA, UK, France, Netherlands, Italy, Belgium, Japan, Norway, Poland, Spain and Finland.
For some countries, the Q4 2014 wage index available. In such case, the latest available wage index has been used.
Read more about the wage developments (in Danish)