2007-2011 real-wage trends in UNECE region show huge variations among countries
Among the countries of the UNECE region, between 2007 and 2011 Kazakhstan and the Russian Federation saw the highest increases in real wages. Finland and Spain also saw increases, though to a much lesser extent.
In Greece, real wages, which had increased considerably in 2009, began to fall in 2010 and 2011.
In the United Kingdom, nominal wages increased at a slower rate than inflation. This meant a fall in the purchasing power of wage earners.