Belgium Gross Minimum Monthly Wage - Forecast

Minimum Wages in Belgium is expected to be 1562.59 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Belgium to stand at 1575.00 in 12 months time. In the long-term, the Belgium Gross Minimum Monthly Wage is projected to trend around 1585.00 EUR/Month in 2020, according to our econometric models.


Belgium Gross Minimum Monthly Wage
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Belgium Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.4 6.2 6.2 6 6.2 6.5
Employed Persons 3953 3940 3937 3933 3929 3900
Unemployed Persons 328516 344753 348768 352478 355993 384427
Labor Force Participation Rate 68.4 68 68 68 68 68
Long Term Unemployment Rate 3.3 3.24 3.34 3.38 3.41 3.88
Youth Unemployment Rate 17.7 17.2 19.54 21.99 23.6 22.57
Labour Costs 110 110 110 110 110 110
Job Vacancies 134570 135017 139573 135392 139228 136681
Minimum Wages 1563 1563 1563 1563 1575 1585
Wage Growth 2.15 3.15 3.15 3.15 3.15 3.15
Population 11.37 11.44 11.44 11.44 11.43 11.56
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Living Wage Family 1490 1530 1530 1530 1550 1550
Living Wage Individual 1030 1030 1030 1030 1030 1030
Wages 3445 3600 3600 3600 3650 3700
Wages High Skilled 3120 3200 3200 3200 3200 3250
Wages In Manufacturing 99.4 114 99 125 107 139
Wages Low Skilled 1890 1950 1950 1950 1950 2000
Productivity 100 100 100 100 100 100
Part Time Employment 1148 1131 1131 1130 1125 1123
Employment Change 0.3 0.4 0.5 0.5 0.3 0.4
Employment Rate 64.1 63.1 63.1 63.1 63.1 63.1
Full Time Employment 3515 3436 3436 3436 3436 3436