Wages

The quarterly rate of change in wages is part of the labor market indicator system produced by the National Institute of Statistics. It aims to measure the relative change in wages reported to the National Social Security Fund for the non-agricultural private sector. This methodological document is based on administrative data extracted from the National Social Security Fund’s registry.

Data dissemination standards are important because they help enhance the availability of timely and comprehensive statistics, which contributes to the pursuit of sound macroeconomic policies and efficient functioning of financial markets. At the Eighth Review of the Fund’s Data Standards Initiatives in February 2012, the IMF’s Executive Board approved several enhancements to the SDDS and endorsed the creation of the SDDS Plus (described below).