Wage Growth of Workers Falls Below Nominal GDP Growth for Two Consecutive Years
The growth rate of wages for workers in South Korea has lagged behind nominal GDP growth for two consecutive years, contrasting sharply with previous trends.
Chart of the Day: The purchasing power of wages recovered only last year after the inflation shock, mostly in construction
Wages in Slovakia saw a nominal increase of nearly six percent in the last quarter of last year, leading to a nearly two percent real increase once inflation was taken into account.
Real wages down 1.3% in 2025, negative for four consecutive years; nominal wages grew
Japan's real wages fell by 1.3% in 2025, marking the fourth consecutive year of decline despite nominal wages seeing their highest growth in over three decades.