Bulgaria Wages Low Skilled - Forecast

Wages Low Skilled in Bulgaria is expected to be 541.44 BGN/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bulgaria Wages Low Skilled is projected to trend around 539.46 BGN/Month in 2020, according to our econometric models.


Bulgaria Wages Low Skilled
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Bulgaria Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6.93 8 7.9 7.2 8 7.5
Employed Persons 3225 3109 3178 3195 3126 3089
Unemployed Persons 228 244 252 259 265 299
Long Term Unemployment Rate 3.5 3.44 3.52 3.68 3.88 5.68
Youth Unemployment Rate 12.6 12.98 13.25 13.37 13.53 14.79
Labour Costs 126 136 136 129 128 129
Job Vacancies 18908 19509 19161 18889 18799 18763
Wages 1064 1061 1060 1060 1059 1053
Minimum Wages 235 250 250 250 250 280
Population 7.1 7.06 7.06 7.06 7.06 6.97
Retirement Age Women 61 60 60 60 60 60
Retirement Age Men 64 64 64 63 63 63
Labor Force Participation Rate 56.5 53.87 55.2 55.85 54.83 54.78
Living Wage Family 1060 1097 1097 1097 1097 1113
Living Wage Individual 675 696 696 696 696 692
Part Time Employment 73.2 64.82 67.26 65.6 64.21 64.77
Productivity 126 103 111 126 131 130
Wages High Skilled 1260 968 986 1003 1020 964
Wages In Manufacturing 952 955 955 954 954 948
Wages Low Skilled 657 541 551 561 571 539
Full Time Employment 3020 2959 3030 3018 2951 2915
Employment Change 0.1 0.14 0.19 0.07 0.1 0.04
Employment Rate 53.2 51.83 52.92 53.25 52.23 51.67