Bulgaria Average Monthly Wages  Forecast


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Wages in Bulgaria is expected to be 1062.82 BGN/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Bulgaria to stand at 1059.85 in 12 months time. In the long-term, the Bulgaria Average Monthly Wages is projected to trend around 1053.49 BGN/Month in 2020, according to our econometric models.


Bulgaria Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 6.5 8.4 8 7.9 7.2 7.5
Employed Persons 3172 3075 3074 3155 3144 3047
Unemployed Persons 213 211 215 221 228 277
Long Term Unemployment Rate 3.7 3.37 3.41 3.49 3.66 5.66
Youth Unemployment Rate 12.4 11.36 11.84 12.19 12.34 13.93
Labour Costs 136 119 136 134 122 124
Job Vacancies 18466 18673 18836 18866 18775 18618
Wages 1064 1063 1061 1060 1060 1053
Minimum Wages 235 230 243 251 251 230
Population 7.1 7.1 7.06 7.06 7.06 6.97
Retirement Age Women 61 60 60 60 60 60
Retirement Age Men 64 64 63.5 63.25 63 63
Labor Force Participation Rate 55.8 53.06 53.68 55.03 54.59 53.7
Living Wage Family 1060 1097 1097 1097 1097 1113
Living Wage Individual 675 696 696 696 696 692
Part Time Employment 64.4 60.81 62.7 62.38 61.59 63.04
Productivity 111 132 103 111 125 130
Wages High Skilled 1260 951 986 1003 1020 964
Wages In Manufacturing 926 929 928 928 927 920
Wages Low Skilled 657 531 551 561 571 539
Full Time Employment 2903 2900 2913 2950 2927 2862
Employment Change 0.1 0.13 0.14 0.19 0.07 0.04
Employment Rate 52.2 50.68 50.85 52.22 51.94 50.29