Real Swiss salaries up most in 5 years

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Investec
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On 30 April 2021, Switzerland’s Federal Statistical Office released salary data for 2020 which showed a 1.5% rise in real salaries compared to 2019.

In 2020, a 0.8% rise in nominal salaries was boosted by inflation of -0.7% bringing the total increase in the real average Swiss salary to 1.5%. The last time salaries rose this much was in 2015 when the real increase was 1.5%.

In both 2015 and 2020 negative inflation of -1.1% and -0.7% significantly boosted nominal increases of +0.4% and +0.8%.

In 2020, the jump in salaries was not uniform across all sectors. In some areas the real salary increase in 2020 was as high as 3.4% (information technology). At the other end, average real salaries in insurance sank by 1.4%. Other sectors with above average real salary rises included science and technology (+3.4%), metal working (+2.9%), automotive sales and repair (+2.8%), digital communication (+2.7%), health (+2.4%), retail (+1.9%) and administration and support (+1.6%) – salary increases by sector.

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Federal statistical office data (in French) – Take a 5 minute French test now

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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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