Estonia Labour Costs - Forecast

Labour Costs in Estonia is expected to be 132.47 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 Estonia to stand at 134.00 in 12 months time. In the long-term, the Estonia Labour Costs is projected to trend around 134.52 Index Points in 2020, according to our econometric models.


Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Estonia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.1 6 5.8 5.7 5.9 5.5
Employed Persons 667 674 666 674 680 679
Unemployed Persons 28.93 27.69 27.51 27.71 27.79 27.76
Long Term Unemployment Rate 1.6 1.55 1.56 1.59 1.51 1.53
Youth Unemployment Rate 12.7 12.34 12.29 12.38 12.34 12.35
Labour Costs 134 132 135 135 134 135
Job Vacancies 4.92 5.03 5.09 5.1 5.1 5.1
Wages 1321 1350 1330 1373 1331 1500
Wages in Manufacturing 1266 1240 1220 1266 1230 1450
Wage Growth 6.3 5.09 4.24 4.14 4.28 5.06
Minimum Wages 500 500 540 526 526 590
Population 1.32 1.32 1.32 1.32 1.32 1.33
Retirement Age Women 63.5 63.5 63.75 63.5 63.5 64
Retirement Age Men 63.5 63.5 63.75 63.5 63.5 64
Labor Force Participation Rate 71.9 72.03 71.71 71.93 72.11 71.95
Productivity 116 116 111 117 117 117
Part Time Employment 68.1 61.57 63.47 63.75 62.75 62.74
Full Time Employment 551 560 549 549 556 552
Employment Change 1.3 0.5 0.36 0.26 -0.18 0.5
Employment Rate 68.2 68.83 68.16 68.95 69.5 69.38