Croatia Labour Costs - Forecast

Labour Costs in Croatia is expected to be 92.54 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 92.50 in 12 months time. In the long-term, the Croatia Labour Costs is projected to trend around 92.50 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Croatia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 8.5 8.7 8.6 8.5 8.6 8.3
Employed Persons 1671 1649 1642 1674 1675 1657
Unemployed Persons 134111 155193 155808 146793 146064 149672
Long Term Unemployment Rate 4 2.97 3.09 2.91 2.67 2.45
Youth Unemployment Rate 23.9 22.1 21.43 20.89 20.44 18.73
Labour Costs 94.7 92.54 92.5 92.5 92.5 92.5
Productivity 101 101 101 101 101 101
Wages 6206 6170 6320 6229 6229 6600
Wages in Manufacturing 5742 5650 6000 5758 5758 6500
Minimum Wages 466 466 495 495 495 525
Population 4.11 4.11 4.08 4.08 4.08 4.05
Retirement Age Women 62 62 62.25 62 62 62.5
Retirement Age Men 65 65 65 65 65 65
Part Time Employment 79.8 81.41 81.31 81.21 83.18 81.16
Labor Force Participation Rate 51.2 51.38 51.08 51.22 51.35 51.24
Full Time Employment 1513 1542 1532 1562 1568 1549
Employment Change 1 0.98 1.04 0.97 0.98 0.99
Employment Rate 61.1 60.96 60.62 62.2 62.81 62.53