Albania Minimum Monthly Wage  Forecast


Albania Minimum Monthly Wage
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Minimum Wages in Albania is expected to be 24234.99 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 24413.21 in 12 months time. In the long-term, the Albania Minimum Monthly Wage is projected to trend around 24247.01 ALL/Month in 2020, according to our econometric models.


Albania Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 13.6 13.8 13.6 13.2 13 11.5
Employed Persons 1091 1089 1087 1084 1081 1055
Unemployed Persons 92 90.42 91.62 93.83 96.9 140
Labor Force Participation Rate 66.8 64.23 63.78 63.37 63.15 63.99
Wages 60500 61817 62436 62614 62770 62483
Minimum Wages 24000 24235 24380 24393 24413 24247
Population 2.88 2.88 2.88 2.88 2.88 2.85
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 26.4 26.39 26.58 27.18 27.28 28.44
Employment Rate 57.3 55.64 55.31 54.47 53.65 53.75