Real wages rise in Taiwan as inflation slows, boosting the purchasing power of workers across the country. The latest data from the Directorate-General of Budget, Accounting, and Statistics shows that wages are growing faster than prices. This marks the highest level of real wages in five years and reflects a strengthening labor market combined with moderated inflation.
Average regular wages reached NT$47,651, up 2.98% from the previous year. After adjusting for inflation, real regular wages stood at NT$43,624, representing a 1.09% increase, the fastest growth since 2021. Non-regular pay, including bonuses and overtime, added NT$17,692, bringing total wages to NT$65,583, a 5.48% rise.
Median regular wages, which are less affected by high outliers, stood at NT$38,291, up 2.46% from last year. Wage growth has been driven by higher minimum wages, company pay raises, and variations in working hours. These factors are contributing to stronger income growth for a broad range of workers.
Cumulative real total wages per worker reached NT$424,361, a 1.86% increase, the strongest gain for this period since 2019. DGBAS Deputy Director Tan Wen-ling noted that sustained wage growth reflects both labor market adjustments and moderation in inflation.
Pay levels differ significantly across industries. Accommodation and food services averaged NT$34,977, while manufacturing reached NT$45,637. Electronic component makers reported NT$56,916, and finance and insurance topped the list at NT$70,749. Professional, scientific, and technical services earned NT$58,109, while publishing, audiovisual, and information services reported NT$69,407. Higher-paying sectors continue to pull overall averages upward.
Most industries recorded wage gains in the first seven months. Manufacturing rose 3.57%, wholesale and retail trade increased 3.56%, and construction climbed 3.43%. Electronic component manufacturing saw the largest surge, up 9.43%, due to strong year-end and performance bonuses.
Overall, real wages rise in Taiwan, helping workers offset the cost of living. With minimum wage policies, company pay raises, and sectoral differences, wage growth is expected to remain steady. The trend shows that Taiwan’s labor market is resilient and continues to support improving living standards across the economy.
