ECA International has released its annual Salary Trends survey, which analyzes salary increases across more than 70 countries and cities worldwide.
The survey found that real salary increases in the Asia-Pacific (APAC) region outperformed the rest of the world in 2023. In ASEAN, Vietnam had the highest salary growth of 3.6% in real terms, followed by Thailand at 3.5%.
Key findings
- Real salary increases in the APAC region once again took the lead in 2023, outperforming the rest of the world and securing top positions in the rankings.
- Vietnam led the way in ASEAN in 2023 with a salary growth of 3.6% in real terms, a rate that is forecast to be the same in 2024.
- Thailand salaries increased by 3.5% in 2023 in real terms and are expected to grow further by 3.4% in real terms in 2024.
The survey also highlighted that Thailand saw salary decreases in real terms in 2022 due to inflation…
