Croatia Labour Costs  Forecast


Labour Costs in Croatia is expected to be 87.40 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 Croatia to stand at 88.19 in 12 months time. In the long-term, the Croatia Labour Costs is projected to trend around 88.27 Index Points in 2020, according to our econometric models.


Croatia Labour Costs
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Croatia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 10.8 10.2 10 9.8 9.6 8.7
Employed Persons 1633 1579 1576 1606 1592 1558
Unemployed Persons 171351 187940 192914 196963 201973 235480
Long Term Unemployment Rate 5.9 6.13 5.97 6.22 6.53 7.42
Youth Unemployment Rate 26.1 23.16 22.5 22.3 22.49 31.14
Productivity 102 102 102 102 102 102
Labour Costs 96.8 87.4 94.89 95.72 88.19 88.27
Job Vacancies 8676 11050 11050 11050 11050 11050
Wages 5905 5928 5927 5925 5923 5909
Wages in Manufacturing 5413 5435 5417 5402 5388 5278
Minimum Wages 433 414 436 438 436 423
Population 4.15 4.15 4.13 4.13 4.15 4.09
Retirement Age Women 61.9 61.9 62.02 62.08 62.15 62.54
Retirement Age Men 65 65 65 65 65 65
Employment Change -0.8 -0.05 -0.38 -0.16 -0.01 -0.03
Employment Rate 59.2 57.12 57.01 58.89 58.36 56.59
Full Time Employment 1459 1470 1463 1471 1473 1462
Labor Force Participation Rate 51.7 51.54 51.55 51.68 51.62 51.54
Part Time Employment 69.4 80.3 82.06 87.53 87.26 92.55