Albania Minimum Monthly Wage  Forecast 2016-2020

Minimum Wages in Albania is expected to be 22072.21 ALL/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Albania to stand at 22174.90 in 12 months time. In the long-term, the Albania Minimum Monthly Wage is projected to trend around 22546.49 ALL/Month in 2020, according to our econometric models.

Albania Minimum Monthly Wage
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Forecast Actual Q2/17 Q3/17 Q4/17 Q1/18 2020 Unit
Minimum Wages 22000 22072 22117 22150 22175 22546 ALL/Month
Albania Minimum Monthly Wage Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Albania Minimum Monthly Wage using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Albania Minimum Monthly Wage - was last predicted on Tuesday, June 27, 2017.
Albania Labour Last Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 14.6 14.2 14 13.8 13.6 11.5
Unemployed Persons 96 90.91 88.15 87.4 88.45 133
Employed Persons 1067 1067 1066 1067 1066 1066
Labor Force Participation Rate 65.9 65.77 65.15 64.74 64.38 63.81
Wages 56500 56400 56505 56667 57240 60667
Minimum Wages 22000 22072 22117 22150 22175 22546
Population 2.88 2.88 2.88 2.88 2.87 2.85
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 26.6 26.1 25.4 25.8 24.57 23.79
Employment Rate 56.2 55.96 55.49 55.22 55.33 55.31