Inflation outstrips Swiss salary increases

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Investec
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The latest figures show that Swiss salaries have not kept up with inflation. An average Swiss salary rose 0.4% in 2017, compared to inflation of 0.5%. This left the average salary earner 0.1% worse off in real terms over the year.

The figures were the same for both the secondary and tertiary sectors.

The rise in 2017 (+0.4%) was the same as 2016 (+0.4%) but less than 2015 (+0.5%) and 2014 (+0.9%). Average annual salary increases in Switzerland have been below 1% since 2010.

The 2017 average hides a wide range of salary movements from +1.3% to -0.3%. Jobs with the greatest salary rises include paper and printing (+1.3%), telecommunications (+1.2%) and IT services (+0.8%). Those at the bottom end include public administration (+0.1%), metal work (-0.2%) and rubber and plastic manufacturing (-0.3%).

The median Swiss salary in 2016 (the latest figure) was CHF 78,024 (US$ 78,000) a year¹.

More on this:
Federal Statistical Office press release (in French) – Take a 5 minute French test now
¹ Includes 13th month salary typically paid in Switzerland and assumes a 40 hour week.

About Investec

Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

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