Bulgaria Gross Minimum Monthly Wage - Forecast

Minimum Wages in Bulgaria is expected to be 260.76 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 Bulgaria to stand at 295.00 in 12 months time. In the long-term, the Bulgaria Gross Minimum Monthly Wage is projected to trend around 340.00 EUR/Month in 2020, according to our econometric models.


Bulgaria Gross Minimum Monthly Wage
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Bulgaria Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 6.4 7.2 7.2 7 7 6.5
Employed Persons 3099 3192 3249 3188 3126 3213
Unemployed Persons 211 197 193 195 196 196
Long Term Unemployment Rate 3.1 3.35 3.35 3.35 3.35 3.35
Youth Unemployment Rate 10.1 9.36 8.68 8.19 7.63 4.96
Labour Costs 155 144 133 133 160 141
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 61.7 67.85 66.77 63.38 63.4 64.68
Productivity 104 116 117 117 117 117
Wages High Skilled 1260 1360 1360 1360 1360 1400
Wages In Manufacturing 1007 970 990 1010 1030 1150
Wages Low Skilled 657 680 680 680 680 700
Full Time Employment 2962 3030 3086 3038 2982 3050
Employment Change 0 0.47 0.11 0.23 0.37 0.28
Employment Rate 51.5 52.95 53.93 52.97 52.17 53.73