Croatia Labour Costs  Forecast


Croatia Labour Costs
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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 Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 11.6 10.2 10 9.8 9.6 8.7
Employed Persons 1633 1579 1576 1606 1592 1558
Unemployed Persons 180404 199531 209266 209942 214144 245721
Long Term Unemployment Rate 5.1 6.04 5.85 6.09 6.43 7.37
Youth Unemployment Rate 25 24.38 24.17 24.31 24.73 32.42
Labour Costs 96.8 87.4 94.89 95.72 88.19 88.27
Productivity 102 102 102 102 102 102
Wages 5958 5964 5963 5962 5960 5946
Wages in Manufacturing 5416 5408 5394 5379 5365 5254
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 62 62 62 62 63
Retirement Age Men 65 65 65 65 65 65
Labor Force Participation Rate 51.7 51.54 51.55 51.68 51.62 51.54
Full Time Employment 1542 1470 1463 1471 1473 1462
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
Part Time Employment 70.8 76.57 76.63 78.93 80.97 88.64