Croatia Labour Costs - Forecast

Labour Costs in Croatia is expected to be 95.57 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 84.90 in 12 months time. In the long-term, the Croatia Labour Costs is projected to trend around 85.46 Index Points in 2020, according to our econometric models.


Croatia Labour Costs
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Croatia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 12.2 11.9 11 10.3 11.5 8.7
Employed Persons 1683 1593 1622 1623 1592 1562
Unemployed Persons 187363 180560 184933 192446 197451 240128
Long Term Unemployment Rate 3.9 4.33 4.33 4.47 4.79 6.61
Youth Unemployment Rate 24.5 24.14 24.15 24.46 25.01 34.09
Labour Costs 80.2 95.57 95.25 83.08 84.9 85.46
Productivity 101 101 102 102 102 102
Wages 6190 6145 6144 6143 6141 6121
Wages in Manufacturing 5711 5560 5538 5519 5505 5369
Minimum Wages 462 462 462 475 475 550
Population 4.15 4.13 4.13 4.16 4.13 4.09
Retirement Age Women 61.9 62 62 62 62 63
Retirement Age Men 65 65 65 65 65 65
Part Time Employment 85.7 79.85 83.46 88.05 87 93.82
Labor Force Participation Rate 52.2 51.67 51.81 51.75 51.66 51.56
Full Time Employment 1571 1502 1535 1535 1505 1482
Employment Change 1.4 0.62 0.82 0.31 0.23 0.12
Employment Rate 61 57.52 59.4 59.59 57.79 56.95