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Figure 1 Annual average economic growth, 1995–2013 (GDP in constant prices) Note: Country groups are those used by the IMF as described in the appendix of the IMF’s World Economic Outlook, Apr. 2014. Source: IMF World Economic Outlook database, Apr. 2014. -4.0 -2.0 0.0 2.0 4.0 6.0 8.0 10.0 World Advanced economies Emerging market and developing economies Real GDP growth (%)
59

2014 Final Figures

Jul 15, 2016

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Page 1: 2014 Final Figures

Figure 1Annual average economic growth, 1995–2013 (GDP in constant prices)

Note: Country groups are those used by the IMF as described in the appendix of the IMF’s World Economic Outlook, Apr. 2014.Source: IMF World Economic Outlook database, Apr. 2014.

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

World Advanced economies Emerging market and developing economies

Real GDP growth (%)

Page 2: 2014 Final Figures

Figure 2Annual average global real wage growth, 2006–13

Note: Global wage growth is calculated as a weighted average of year-on-year growth in average monthly real wages in 130 countries, covering 95.8% of all employees in the world (for a description of the methodology, see Appendix I). Source: ILO Global Wage Report 2014/15

2006 2007 2008 2009 2010 2011 2012 20130.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

2.8

3.1

1.2

1.6

2.2

1.0

2.2

2.02.1

2.4

0.5

0.7

1.4

0.1

1.3

1.1

Global Global (without China)

Growth (%)

Page 3: 2014 Final Figures

Figure 3Annual average real wage growth in the G20, 2006–13

year G20 developed G20 G20 emerging2006 0.7 2.6 8.32007 0.8 3.0 9.2

Note: The estimate for the G20 uses the methodology specified in Appendix I, but is restricted to 18 out of 19 individual countries for which data are available (Argentina identified some inconsistencies in its wage series for some years and has been excluded).Source: ILO Global Wage Report 2014/15.

2006 2007 2008 2009 2010 2011 2012 2013

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

0.7 0.8

-0.8

0.60.9

-0.4

0.3 0.3

8.3

9.2

6.5

4.0

5.9

4.8

6.7

5.9

2.63.0

1.21.6

2.4

1.2

2.42.2

G20 - developed G20 - emerging G20

Growth (%)

Page 4: 2014 Final Figures

Figure 4Annual average real wage growth in developed economies, 2006–13

region year realwagegrowthDeveloped Economies 2006 0.9Developed Economies 2007 1.0Developed Economies 2008 -0.3

Note: Wage growth is calculated as a weighted average of year-on-year growth in average monthly real wages in 36 countries (for a description of the methodology, see Appendix I). Source: ILO Global Wage Report 2014/15.

2006 2007 2008 2009 2010 2011 2012 2013

-0.8

-0.4

0.0

0.4

0.8

1.2

0.9

1.0

-0.3

0.8

0.6

-0.5

0.1

0.2

Growth (%)

Page 5: 2014 Final Figures

Figure 5Average real wage index for developed G20 countries, 2007–13

2007 2008 2009 2010 2011 2012 201390

94

98

102

106

110108.9

105.0

101.6

102.7

94.3

98.7

92.9

101.4

Index (base year=2007)

Page 6: 2014 Final Figures

Source: ILO Global Wage Report 2014/15.

Country 2007 2008 2009 2010 2011 2012 2013Australia 100.0 99.3 101.9 104.2 104.7 107.3 108.9Canada 100.0 100.5 101.7 103.5 103.1 104.2 105.0France 100.0 100.5 101.8 101.8 101.7 101.6 102.3Germany 100.0 99.6 99.4 100.5 101.3 102.1 102.7

Page 7: 2014 Final Figures

Figure 6Average real wage index for selected European countries most affected by the crisis, 2007–13

2007 2008 2009 2010 2011 2012 201370

80

90

100

110

75.8

98.1

103.4

96.8

Index (base year=2007)

Page 8: 2014 Final Figures

Source: ILO Global Wage Report 2014/15.

country 2007 2008 2009 2010 2011 2012 2013Greece 100.0 100.2 99.6 96.1 88.3 80.6 75.8Ireland 100.0 101.0 102.8 102.5 100.8 99.4 98.1Portugal 100.0 101.9 105.5 108.1 105.2 103.4Spain 100.0 100.9 104.4 103.3 101.3 98.3 96.8

Page 9: 2014 Final Figures

Figure 7Trends in growth in average wages and labour productivity in developed economies (index), 1999–2013

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013100

103

106

109

112

115

118

Index (base year =1999)

Page 10: 2014 Final Figures

Note: Wage growth is calculated as a weighted average of year-on-year growth in average monthly real wages in 36 economies (for a description of the methodology, see Appendix I). Index is based to 1999 because of data availability.Source: ILO Global Wage Report 2014/15.

Page 11: 2014 Final Figures

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013100

103

106

109

112

115

118

Index (base year =1999)

Page 12: 2014 Final Figures

Note: Wage growth is calculated as a weighted average of year-on-year growth in average monthly real wages in 36 economies (for a description of the

Page 13: 2014 Final Figures

Labour productivity, real wages, and estimated real compensation per employeein developed economies (indices), 1999–2013

Note: Wage growth is calculated as a weighted average of year-on-year growth in average monthly real wages in 33 economies (for a description of the methodology, see Appendix I). Iceland, Israel and Malta were excluded from this figure for reasons of data availability; these three countries collectively contribute less than 1 per cent of the total employees in developed economies. Index is based to 1999 because of data availability.Sources: ILO Global Wage Report 2014/15.

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013100

103

106

109

112

115

118

Index (base year =1999)

Page 14: 2014 Final Figures

Figure 9Estimated real labour compensation per employee and labour productivity growth in the largest developed economies, deflated by the CPI and GDP deflator, 1999–2013

Page 15: 2014 Final Figures

Estimated real labour compensation per employee and labour productivity growth in the largest developed

Page 16: 2014 Final Figures

Figure 10Adjusted labour income share in developed G20 countries, 1991–2013

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201352

56

60

64

68

Adjusted labour income share (%)

Page 17: 2014 Final Figures

Source: ILO Global Wage Report 2014/15.

Note: Adjusted wage share, total economy, as a percentage of GDP at current market prices (compensation per employee as a percentage of GDP at market prices per person employed).

Page 18: 2014 Final Figures

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201352

56

60

64

68

Adjusted labour income share (%)

Page 19: 2014 Final Figures

Note: Adjusted wage share, total economy, as a percentage of GDP at current market prices (compensation per employee as a percentage of GDP at

Page 20: 2014 Final Figures

Figure 11Adjusted labour income share in selected European countries most affected by the crisis, 1991–2013

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201345

49

53

57

61

65

Adjusted labour income share (%)

Page 21: 2014 Final Figures

Source: ILO Global Wage Report 2014/15.

Note: Adjusted wage share, total economy, as a percentage of GDP at current market prices (compensation per employee as a percentage of GDP at market prices per person employed).

Page 22: 2014 Final Figures

1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201345

49

53

57

61

65

Adjusted labour income share (%)

Page 23: 2014 Final Figures

Note: Adjusted wage share, total economy, as a percentage of GDP at current market prices (compensation per employee as a percentage of

Page 24: 2014 Final Figures

Figure 12Average real wage growth in emerging and developing economies, by region, 2006–13

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

7.3 7.7

5.16.5 6.3

5.45.9 6.0

Asia

Growth (%)

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

11.6

14.2

8.3

-3.4

6.0

4.5

8.4

5.8

Eastern Europe and Central Asia

Growth (%)

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

4.02.9

0.20.8 0.9 1.1

2.3

0.8

Latin America and the Caribbean

Growth (%)

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

1.0 1.3

-1.5

1.1 1.10.1

5.03.9

Middle East

Growth (%)

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

3.1 2.83.7

1.0

5.8

-5.5

1.2 0.9

Africa

Growth (%)

Page 25: 2014 Final Figures

*Growth rates published as “tentative estimates” (based on coverage c.40–74%).( ) Growth rates published but likely to change (based on coverage of less than 40%).Note: Regional wage growth is calculated as a weighted average of year-on-year growth in average monthly real wages. For a description of the methodology, see Appendix I. Source: ILO Global Wage Report 2014/15.

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

11.6

14.2

8.3

-3.4

6.0

4.5

8.4

5.8

Eastern Europe and Central Asia

Growth (%)

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

4.02.9

0.20.8 0.9 1.1

2.3

0.8

Latin America and the Caribbean

Growth (%)

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

1.0 1.3

-1.5

1.1 1.10.1

5.03.9

Middle East

Growth (%)

Page 26: 2014 Final Figures

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

1.0 1.3

-1.5

1.1 1.10.1

5.03.9

Middle East

Growth (%)

Page 27: 2014 Final Figures

Note: Regional wage growth is calculated as a weighted average of year-on-year growth in average monthly real wages. For a description of the methodology, see Appendix I.

2006 2007 2008 2009 2010 2011 2012 2013

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

1.0 1.3

-1.5

1.1 1.10.1

5.03.9

Middle East

Growth (%)

Page 28: 2014 Final Figures

Figure 13Real wage growth in the largest emerging and developing economies, 2012–13

*Data for 2013 are not available for Egypt.Source: ILO Global Wage Report 2014/15.

China Brazil Mexico Russian Federation Ukraine Egypt* South Africa Saudi Arabia

-3

0

3

6

9

12

15

9.0

4.1

-0.5

8.5

14.4

0.2

3.1

5.0

7.3

1.8

-0.6

5.4

8.2

-0.1

5.62012

2013Growth (%)

Page 29: 2014 Final Figures

China Brazil Mexico Russian Federation Ukraine Egypt* South Africa Saudi Arabia

-3

0

3

6

9

12

15

9.0

4.1

-0.5

8.5

14.4

0.2

3.1

5.0

7.3

1.8

-0.6

5.4

8.2

-0.1

5.62012

2013Growth (%)

Page 30: 2014 Final Figures

Figure 14Employees as a share of total employment, 1999 and 2013

0

15

30

45

60

75

90

1999 2013

Per centage of total employment

Page 31: 2014 Final Figures

Source: ILO Global Wage Report 2014/15.

Region 1999 2013

Page 32: 2014 Final Figures

Note: Adjusted wage share, total economy, as a percentage of GDP at current market prices (compensation per employee as a percentage of GDP at market prices per person employed).

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201327

36

45

54

Adjusted labour income share (%)

Page 33: 2014 Final Figures

Source: ILO Global Wage Report 2014/15.

Page 34: 2014 Final Figures

Note: Adjusted wage share, total economy, as a percentage of GDP at current market prices (compensation per employee as a percentage of GDP at

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 201327

36

45

54

Adjusted labour income share (%)

Page 35: 2014 Final Figures
Page 36: 2014 Final Figures

Unadjusted labour income share in China, 1992–2011 (System of National Accounts revised series)

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201142

44

46

48

50

52

54

56

Unadjusted labour income share (%)

Page 37: 2014 Final Figures

Source: ILO Global Wage Report 2014/15.

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 201230

35

40

45

50

55

Labour income share (%)

Page 38: 2014 Final Figures

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 201230

35

40

45

50

55

Labour income share (%)

Page 39: 2014 Final Figures
Page 40: 2014 Final Figures

Global monthly average wage distribution in 2000 and 2012 (2012 PPP$)

<--China

<--United States

0.0

002

.000

4.0

006

.000

8D

ens

ity

0 1000 2000 3000 4000 5000

Monthly average wage in 2012PPP$

2000

2012

Page 41: 2014 Final Figures
Page 42: 2014 Final Figures

Inequality in a sample of developed economies in the crisis years, 2006–10: (a) top–bottom inequality (D9/D1); (b) middle-

0.0

2.0

4.0

6.0

8.0

10.0

12.0

(a) Top-bottom inequality

2006 2010

Ratio D9/D1

0.0

0.5

1.0

1.5

2.0

2.5

3.0

(b) Middle-class inequality

2006 2010

Ratio D7/D3

Page 43: 2014 Final Figures

Inequality in a sample of emerging and developing economies over the past decade: (a) top–bottom inequality

Brazil Argentina China PeruRussian FederationUruguay Mexico Chile Viet Nam South Africa Indonesia India0.0

5.0

10.0

15.0

20.0

25.0

30.0

(a) Top -bottom inequality

Around 2000 - 02 Around 2006 - 08 Around 2010 - 12

Ratio D9/D1

0.0

1.0

2.0

3.0

4.0

(b) Middle-class inequality

Around 2000 - 02 Around 2006 - 08 Around 2010 - 12

Ratio D7/D3

Page 44: 2014 Final Figures

Figure 23Recent evolution of real household income in selected economies

Netherlands Norway

Denmark Spain

Portugal Romania

Russian Federation Brazil

0

10

20

30

40

50

60

70

80

90

100

110

Ind

ex b

ase

yea

r(2

004

)=10

0

2004 2005 2006 2007 2008 2009 20100

10

20

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60

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80

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100

110

Ind

ex b

ase

yea

r(20

04)=

100

2004 2005 2006 2007 2008 2009 2010

0

10

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30

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Ind

ex b

ase

yea

r(2

004

)=10

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2004 2005 2006 2007 2008 2009 20100

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Ind

ex b

ase

yea

r(20

04)=

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2004 2005 2006 2007 2008 2009 2010

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20

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80

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100

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Ind

ex b

ase

yea

r(2

004

)=10

0

2004 2005 2006 2007 2008 2009 20100

10

20

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40

50

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80

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110

Ind

ex b

ase

yea

r(20

06)=

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2006 2007 2008 2009 2010

0

20

40

60

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120

140

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200

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ex b

ase

yea

r(2

002

)=10

0

2002 2006 20120

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20

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120

130

Ind

ex b

ase

yea

r(20

01)=

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2001 2006 2012

Page 45: 2014 Final Figures

0

20

40

60

80

100

120

140

160

180

200

Ind

ex b

ase

yea

r(2

002

)=10

0

2002 2006 20120

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100

110

120

130

Ind

ex b

ase

yea

r(20

01)=

100

2001 2006 2012

Page 46: 2014 Final Figures

Viet Nam Mexico

India South Africa

Source: ILO Global Wage Report 2014/15.

Note: For methodology, definitions and databases, see Appendix II.

0

20

40

60

80

100

120

140

160

180

Ind

ex b

ase

yea

r(2

002

)=10

0

2002 2006 20100

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100

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130

Ind

ex b

ase

yea

r(20

00)=

100

2000 2008 2012

0

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20

30

40

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60

70

80

90

100

110

120

130

140

150

160

Ind

ex b

ase

yea

r(1

999

)=10

0

1999 2004 20110

10

20

30

40

50

60

70

80

90

100

110

120

130

140

150

160

Ind

ex b

ase

yea

r(20

00)=

100

2000 2005 2010

Page 47: 2014 Final Figures

Recent evolution of real household income in selected economies

0

10

20

30

40

50

60

70

80

90

100

110

Ind

ex b

ase

yea

r(20

04)=

100

2004 2005 2006 2007 2008 2009 2010

0

10

20

30

40

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100

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Ind

ex b

ase

yea

r(20

04)=

100

2004 2005 2006 2007 2008 2009 2010

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ex b

ase

yea

r(20

06)=

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2006 2007 2008 2009 2010

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Ind

ex b

ase

yea

r(20

01)=

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2001 2006 2012

Page 48: 2014 Final Figures

0

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30

40

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60

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Ind

ex b

ase

yea

r(20

01)=

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2001 2006 2012

Page 49: 2014 Final Figures

0

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30

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ex b

ase

yea

r(20

00)=

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2000 2008 2012

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00)=

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2000 2005 2010

Page 50: 2014 Final Figures

The labour market effect: wage effect and employment effect

Labour market effect

Wage effect

Employment effect

Page 51: 2014 Final Figures

Employment effect

Page 52: 2014 Final Figures

Change in inequality between the top and bottom 10 per cent (D9/D1) in developed economies, 2006–10

Source: ILO Global Wage Report 2014/15.

Note: For methodology, definitions and databases, see Appendix II.

Bulgaria

Romania

Netherlands

Portugal

Norway

Denmark

Hungary

Luxembourg

Belgium

Slovenia

Germany

Italy

Greece

Czech Rep.

United Kingdom

Austria

Poland

Ireland

Finland

Estonia

France

Iceland

Slovakia

Latvia

Cyprus

Sweden

Lithuania

United States

Spain

-2.0 -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5

Actual change in inequality (D9/D1) Other income sources Wage effect Employment effect

Page 53: 2014 Final Figures

Figure 26Change in inequality within the middle class (D7/D3) in developed economies, 2006–10

Source: ILO Global Wage Report 2014/15.

Romania

Netherlands

Bulgaria

Italy

Portugal

Czech Rep.

Greece

Belgium

Hungary

Norway

Denmark

Austria

Slovakia

Finland

Slovenia

Poland

Germany

France

Luxembourg

Cyprus

Iceland

Latvia

Lithuania

United States

United Kingdom

Sweden

Estonia

Spain

Ireland

-0.3 -0.2 -0.1 0.0 0.1 0.2 0.3

Actual change in inequality (D7/D3) Other income sources Wage effect Employment effect

Page 54: 2014 Final Figures

Figure 27

Source: ILO Global Wage Report 2014/15.

Change in inequality between the top and bottom 10 per cent (D9/D1) in selected emerging and developing economies, selected years

Brazil (2001-2012)

Argentina (2003-2012)

Peru (2004-2012)

Russian Federation (2002-2012)

Uruguay (2004-2012)

Mexico (2000-2012)

Chile (2000-2009)

Viet Nam (2002-2010)

-4.50 -3.00 -1.50 0.00 1.50 3.00

Actual change in inequality (D9/D1) Other income sources Wage effect Employment effect

Page 55: 2014 Final Figures

Figure 28

Source: ILO Global Wage Report 2014/15.

Change in inequality within the middle class (D7/D3) in selected emerging and developing economies, selected years

Brazil (2001-2012)

Argentina (2003-2012)

Russia (2002-2012)

Peru (2004-2012)

Mexico (2000-2012)

Uruguay (2004-2012)

Chile (2000-2009)

Viet Nam (2002-2010)

-0.60 -0.50 -0.40 -0.30 -0.20 -0.10 0.00 0.10 0.20 0.30

Actual change in inequality (D7/D3) Other income sources Wage effect Employment effect

Page 56: 2014 Final Figures

Figure 35Motherhood wage gap in selected emerging and developing countries, latest year

Source: ILO Global Wage Report 2014/15.

Note: The motherhood pay gap is defined as MPG = ((Enm – Em)/Enm)*100, where Enm is the gross average monthly earnings of women who are not mothers and Em is the gross average monthly earnings of mothers.

Russian Federation Argentina Brazil Chile Mexico Peru Uruguay0

5

10

15

20

25

30

35

Page 57: 2014 Final Figures

Figure 37

(a) Developed economies

(b) Emerging and developing economies

Eliminating the unexplained gender wage penalty: Mean wage gap before and after adjustment in selected economies, latest year: (a) developed economies; (b) emerging and developing economies

United StatesIreland

United KingdomEstoniaIceland

Czech Rep.CyprusNorwayAustria

NetherlandsGermany

GreeceSlovakiaBelgiumEuropeFinland

BulgariaFrance

ItalySpain

LuxembourgDenmark

LatviaRomaniaPortugalHungary

PolandSloveniaLithuaniaSweden

-20.0 -10.0 0.0 10.0 20.0 30.0 40.0

Explained wage gap Actual wage gap

Russian Federation

Argentina

Uruguay

Brazil

Chile

China

Peru

Mexico

Viet Nam

-20.0 -10.0 0.0 10.0 20.0 30.0 40.0

Explained wage gap

Actual wage gap

Page 58: 2014 Final Figures

Russian Federation

Argentina

Uruguay

Brazil

Chile

China

Peru

Mexico

Viet Nam

-20.0 -10.0 0.0 10.0 20.0 30.0 40.0

Explained wage gap

Actual wage gap

Page 59: 2014 Final Figures

Figure 40

(a) Developed economies

(b) Emerging and developing economies

Source: ILO Global Wage Report 2014/15.

Eliminating the unexplained migrant wage penalty: Mean wage gap before and after adjustment in selected economies, latest year

Cyprus

Spain

Greece

Italy

Portugal

Iceland

Estonia

Denmark

Ireland

Europe

Netherlands

Austria

Luxembourg

France

Finland

Norway

Poland

Belgium

Latvia

United Kingdom

Sweden

Germany

Slovenia

-20.0 -10.0 0.0 10.0 20.0 30.0 40.0

Explained wage gap

Actual wage gap

Argentina

Uruguay

Chile

Brazil

-120.0 -100.0 -80.0 -60.0 -40.0 -20.0 0.0 20.0 40.0

Explained wage gap

Actual wage gap