Croatia Gross Minimum Monthly Wage - Forecast

Minimum Wages in Croatia is expected to be 451.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Croatia to stand at 463.00 in 12 months time. In the long-term, the Croatia Gross Minimum Monthly Wage is projected to trend around 540.00 EUR/Month in 2020, according to our econometric models.


Croatia Gross Minimum Monthly Wage
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Croatia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 12.1 10 9.8 9.6 9.4 8.7
Employed Persons 1683 1593 1622 1623 1592 1568
Unemployed Persons 188056 203546 205260 209878 214932 242421
Long Term Unemployment Rate 5.1 5.85 6.09 6.43 6.49 7.37
Youth Unemployment Rate 25.3 24.62 24.8 25.24 25.88 32.56
Labour Costs 80.2 95.57 95.25 83.08 84.9 85.12
Productivity 101 102 102 102 102 102
Wages 6014 6003 6001 6000 5998 5985
Wages in Manufacturing 5463 5414 5402 5388 5375 5280
Minimum Wages 442 451 451 463 463 540
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 70.8 76.63 78.93 80.97 81.58 88.64
Labor Force Participation Rate 52.2 51.67 51.81 51.75 51.66 51.58
Full Time Employment 1542 1505 1537 1538 1508 1488
Employment Change -0.8 -0.38 -0.16 -0.01 -0.17 -0.03
Employment Rate 61 57.52 59.4 59.59 57.79 56.95