Estonia Gross Minimum Monthly Wage  Forecast


Estonia Gross Minimum Monthly Wage
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Minimum Wages in Estonia is expected to be 486.36 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 Estonia to stand at 470.00 in 12 months time. In the long-term, the Estonia Gross Minimum Monthly Wage is projected to trend around 500.00 EUR/Month in 2020, according to our econometric models.


Estonia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.2 5.9 6.6 6.9 6 5.5
Employed Persons 667 669 671 673 673 676
Unemployed Persons 31.06 32.58 33.77 34.71 35.46 37.86
Long Term Unemployment Rate 2.1 2.64 2.9 3.07 3.24 4.06
Youth Unemployment Rate 8.1 10.14 10.5 11.3 11.91 15.24
Labour Costs 127 126 126 126 126 125
Job Vacancies 3.34 3.21 3.2 3.18 3.16 3.07
Wages 1201 1230 1296 1246 1305 1305
Wages in Manufacturing 1163 1189 1245 1203 1250 1236
Wage Growth 6.8 7.72 8.12 8.31 8.62 8.43
Minimum Wages 470 486 503 503 470 500
Population 1.32 1.32 1.32 1.32 1.32 1.33
Retirement Age Women 62.7 62 63 63 63 63
Retirement Age Men 63 63 63 63 63 63
Labor Force Participation Rate 72 70.8 71.41 71.38 70.99 70.88
Productivity 113 104 111 112 111 110
Part Time Employment 59.8 57.58 57.46 57.11 56.65 54.28
Full Time Employment 559 551 548 544 546 545
Employment Change -0.5 0.1 1.2 -0.2 0.5 0.5
Employment Rate 68.3 68.6 68.76 68.95 68.89 68.72