According to calculations by the Federal Statistical Office (FSO), nominal wages rose by an average of 1.8% in 2024, as was reported in a press release on Tuesday. In the last estimate in late autumn, an increase of 1.5% had been forecast.
The FSO estimates nominal wage growth on a quarterly basis. The value is based on cumulative wage data on the development of gross wages including the 13th month’s salary and may change with each subsequent estimate.
More
What is a good average salary in Switzerland?
If you are a male banker, a Swiss diplomat or a foreign CEO in Switzerland, chances are you are living quite comfortably.
Some of the wage increases have been eaten up by inflation. However, taking into account average annual inflation of 1.1%, real wages still rose by 0.7% on average, according to the FSO.
According to the FSO, wages rose by 1.7% in nominal terms in 2023, but fell by 0.4% in real terms. At that time, inflation of 2.1% had led to the decline.
Adapted from German by DeepL/jdp
How we work
We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. An editor then briefly reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
Did you find this explanation helpful? Please fill out this short survey to help us understand your needs by clicking hereExternal link.
Popular Stories
More
Aging society
No house generation: the impossibility of buying property in Switzerland
Survey: most Swiss ready to steer clear of US products due to tariffs
This content was published on
A majority of Swiss and European consumers say they are prepared to opt out of buying American products like Coca-Cola and Nike in protest at US tariffs, a study shows.
This content was published on
The World Health Organization (WHO) boss, Tedros Adhanom Ghebreyesus, says the Geneva-based UN agency has revised down its budget to $4.2 billion (CHF3.5 billion) for 2026-2027.
Swiss police break up major Chinese trafficking ring
This content was published on
Bern cantonal police have smashed a major human trafficking ring. Five people are accused of luring over 100 Chinese women to Switzerland to exploit them as sex workers.
‘Imminent’ landslide threat: authorities order full evacuation of Swiss mountain village
This content was published on
The local authorities have ordered the complete evacuation of the village of Blatten and its 300 residents due to "imminent" dangers.
Swiss health survey: 52% of men are overweight, 34% of women
This content was published on
The results of the Swiss Health Survey 2022 reveal clear differences between men and women: 55% of women and 44% of men live with at least one chronic illness.
This content was published on
Switzerland plans to give an additional $80 million (CHF67 million) for the 2025-2028 period to the World Health Organization (WHO), which is facing financial difficulties.
Over half a million people attended Eurovision shows or events in Basel
This content was published on
Over 500,000 people attended Eurovision Song Contest (ESC) shows or related events in Basel last week, the organisers said on Monday, celebrating its "great success".
Appenzell village is named ‘lightning capital’ of Switzerland
This content was published on
Gonten in canton Appenzell Inner Rhodes recorded the highest number of lightning strikes per square kilometre in Switzerland last year.
Swiss centre records almost 300 victims of human trafficking
This content was published on
Last year, 208 victims contacted the specialist unit FIZ Advocacy and Support for Migrant Women and Victims of Trafficking. For 59 others, an examination is still underway.
Swiss mountain village threatened by serious landslide risk
This content was published on
The situation in the mountain village of Blatten, canton Valais, remains serious due to the threat of a landslide, Swiss officials said on Sunday afternoon.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.