Bulgaria Labour Costs - Forecast

Labour Costs in Bulgaria is expected to be 125.39 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Bulgaria to stand at 125.37 in 12 months time. In the long-term, the Bulgaria Labour Costs is projected to trend around 125.37 Index Points in 2020, according to our econometric models.


Bulgaria Labour Costs
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Bulgaria Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.8 7.2 7.2 7 7 6.5
Employed Persons 3099 3192 3249 3188 3126 3213
Unemployed Persons 222 218 216 217 218 218
Long Term Unemployment Rate 3.1 3.35 3.35 3.35 3.35 3.35
Youth Unemployment Rate 10.4 12.09 12.23 12.35 12.45 12.91
Labour Costs 126 125 125 125 125 125
Job Vacancies 18467 18939 18967 18717 19953 19058
Wages 1107 1130 1140 1230 1200 1400
Minimum Wages 261 261 261 261 295 340
Population 7.1 7.06 7.06 7.06 7.02 6.97
Retirement Age Women 61.17 61.17 61.17 61.17 61.33 61.5
Retirement Age Men 64.08 64.08 64.08 64.08 64.17 64.25
Labor Force Participation Rate 54.6 55.97 56.71 55.78 54.88 56.05
Living Wage Family 1060 1060 1060 1060 1113 1060
Living Wage Individual 675 696 696 696 694 691
Part Time Employment 62.3 68.03 68.03 68.03 68.03 68.03
Productivity 136 124 124 124 124 124
Wages High Skilled 1260 1360 1360 1360 1360 1400
Wages In Manufacturing 974 970 990 1010 1030 1150
Wages Low Skilled 657 680 680 680 680 700
Full Time Employment 3029 3030 3068 3030 3067 3034
Employment Change 0.4 0.43 0.79 0.45 0.76 0.55
Employment Rate 51.5 52.95 53.93 52.97 52.17 53.73