The wage increase rate in Sweden is around four percent per year. It is higher than the agreed wage increases, the industry's benchmark, at 3.3 percent.
Wages are thus increasing approximately as much as in the USA but somewhat less than in the euro countries overall, according to the Mediation Institute's report Wage Development, which is released ahead of the major wage movement this winter.
In recent years, wage development in Sweden has been in line with Germany and the euro area.
"The cost-based competitiveness has been strengthened in the medium term thanks to good industrial productivity and a weaker krona", writes the Mediation Institute.
