Croatia Labour Costs - Forecast

Labour Costs in Croatia is expected to be 91.84 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 91.76 in 12 months time. In the long-term, the Croatia Labour Costs is projected to trend around 91.76 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Croatia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 8.8 8.9 8.7 8.6 8.5 8.3
Employed Persons 1616 1674 1642 1635 1661 1648
Unemployed Persons 138383 155770 177081 167712 155479 163505
Long Term Unemployment Rate 4 3.02 2.97 3.09 2.91 2.45
Youth Unemployment Rate 22.7 21.35 20.52 19.84 19.28 17.07
Labour Costs 97.6 91.84 91.77 91.76 91.76 91.76
Productivity 101 101 101 101 101 101
Wages 6352 6150 6170 6320 6325 6600
Wages in Manufacturing 5898 5700 5650 6000 5703 6500
Minimum Wages 462 475 475 500 480 550
Population 4.11 4.11 4.11 4.08 4.08 4.05
Retirement Age Women 62 62 62 62.25 62 62.5
Retirement Age Men 65 65 65 65 65 65
Part Time Employment 79.8 84.4 81.41 81.31 81.21 81.16
Labor Force Participation Rate 51 51.67 51.5 51.2 51.39 51.39
Full Time Employment 1513 1573 1542 1532 1562 1549
Employment Change 1 0.92 0.98 1.04 0.97 0.99
Employment Rate 59 62.33 61.02 60.71 62.36 62.69