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Average annual wages are the annual rates paid per employee in full-time equivalent unit in the total economy. Average annual wages are calculated by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then converted in full-time equivalent unit by applying the ratio of average usual weekly hours per full-time employee to that of all employees.
This calculation helps to gauge the general level of income by economy. Average wages are often used for comparison purposes, to track changes in income levels over time, or to analyse disparities in earnings among different groups.
Skip to main content. Average annual wages Average annual wages are the annual rates paid per employee in full-time equivalent unit in the total economy. Share Facebook Twitter LinkedIn. Access the source dataset in Data Explorer. Average annual wages. Access now. Related data. See all data. Unemployment rate. Unemployment rate is the share of the labour force without work. Unemployed people are those of a working age who do not have a job, are available for work and have taken specific steps to find a job in the previous four weeks.
Labour productivity and utilisation. Labour productivity and utilisation are indicators of economic effects from labour efficiencies. Unemployment rates by education level. This indicator shows the unemployment rates of people according to their education levels. Statistical release. OECD unemployment rate stable at 4.