Makrognosis

Sweden Average Hourly Earnings

QuarterlySeasonally adjustedCode SE.AHE.Q.SA

Latest (y/y)3.0%Q2 2026
Previous (y/y)3.3%Q1 2026
Level122.0Q2 2026

Sweden Average Hourly Earnings was up 3.0% year on year in Q2 2026, compared with 3.3% in Q1 2026.

The level stood at 122.0 (Index 2020=100).

That is the lowest reading since Q2 2024.

Among the 21 economies Makrognosis covers on this measure, it is the 6th lowest.

Over the past ten years it has ranged from 1.5% (Q4 2021) to 4.6% (Q2 2023), averaging 3.0%.

Sweden Average Hourly Earnings, annual % change, Q1 2015 – Q2 20261%2%3%4%5%201620182020202220242026Robomacro
Sweden Average Hourly Earnings, annual % change, Q1 2015 – Q2 2026. Source: Eurostat (Statistical Office of the European Union).
Sweden Average Hourly Earnings, level (Index 2020=100)80901001101202014201620182020202220242026Robomacro
Sweden Average Hourly Earnings, level (Index 2020=100).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 2026122.03.0
Q1 2026120.83.3
Q4 2025119.93.5
Q3 2025119.03.7
Q2 2025118.44.5
Q1 2025116.93.5
Q4 2024115.93.8
Q3 2024114.73.7
Q2 2024113.33.0
Q1 2024113.04.4
Q4 2023111.74.4
Q3 2023110.64.2
Q2 2023110.04.6
Q1 2023108.23.4
Q4 2022107.03.7
Q3 2022106.13.6
Q2 2022105.23.0
Q1 2022104.62.1
Q4 2021103.21.5
Q3 2021102.42.4
Q2 2021102.13.0
Q1 2021102.43.2
Q4 2020101.73.2
Q3 2020100.02.0

Last 24 observations. The full history (50 observations) is available through the API.

Get Sweden Average Hourly Earnings in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/SE.AHE.Q.SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/SE.AHE.Q.SA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ1 2014
Observations50
FrequencyQuarterly
UnitsIndex 2020=100
AdjustmentSeasonally adjusted
10-year high4.6% (Q2 2023)
10-year low1.5% (Q4 2021)
10-year average3.0%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeSE.AHE.Q.SA

Average Hourly Earnings: how Sweden compares

#EconomyPeriodLatest
1BulgariaQ2 202610.5%
2HungaryQ2 20268.1%
3EstoniaQ2 20266.1%
4Czech RepublicQ2 20265.6%
5PolandQ2 20265.5%
6PortugalQ2 20265.5%
7NorwayQ2 20264.6%
8SpainQ2 20264.2%
9IrelandQ2 20264.0%
10DenmarkQ2 20263.7%
11BrazilQ3 20263.4%
12AustriaQ2 20263.4%
13AustraliaQ2 20263.2%
14United StatesQ4 20263.1%
15FinlandQ2 20263.1%
16SwedenQ2 20263.0%
17NetherlandsQ2 20262.9%
18GermanyQ2 20262.8%
19FranceQ2 20262.1%
20ItalyQ2 20262.1%
21RomaniaQ2 20261.8%

Average Hourly Earnings by country: all 21 economies ranked →

Other Sweden indicators

Sweden GDP (Gross Domestic Product)Sweden GDP at market prices, seasonally adjusted, current prices, SEK millionSweden Inflation Rate (CPI)Sweden Core Inflation RateSweden Unemployment RateSweden 10-Year Government Bond YieldSweden Credit Rating & Sovereign Risk ScoreSweden Industrial ProductionSweden Retail SalesSweden Producer Price Inflation (PPI)Sweden Current account balance (BPM6, vs rest of world), not seasonally adjusted, million EURSweden Current account balance, % of GDPSweden Current account balance, transactions, SEK billionsSweden Trade Balance: Goods & ServicesSweden Exports of goods and services, real (chain linked volumes 2020, EUR million, seasonally & calendar adjusted)Sweden Exports of goods, total, SEK million

FAQ

What is the current average Hourly Earnings in Sweden?
The latest reading is 3.0% year on year for Q2 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code SE.AHE.Q.SA.

Last updated 2026-09-18. Source: Eurostat (Statistical Office of the European Union). Original title: “Sweden - Labour Cost Index: wages & salaries (B-S, 2020=100), SCA”.