Estonia Average Monthly Wages in Manufacturing - Forecast

Wages in Manufacturing in Estonia is expected to be 1200.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Estonia to stand at 1220.75 in 12 months time. In the long-term, the Estonia Average Monthly Wages in Manufacturing is projected to trend around 1450.00 EUR/Month in 2020, according to our econometric models.


Estonia Average Monthly Wages in Manufacturing
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Estonia Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 6.8 6.9 6 7.2 7.1 5.5
Employed Persons 650 660 659 650 651 652
Unemployed Persons 29.49 28.83 29.34 29.57 29.53 29.48
Long Term Unemployment Rate 1.6 1.59 1.55 1.56 1.59 1.53
Youth Unemployment Rate 6.8 7.03 7.18 7.08 7.13 7.11
Labour Costs 134 132 132 135 135 134
Job Vacancies 5.55 5.08 5.35 5.29 5.3 5.3
Wages 1242 1300 1350 1330 1330 1500
Wages in Manufacturing 1189 1200 1240 1220 1221 1450
Wage Growth 7.7 7.41 7.29 7.11 6.93 7.1
Minimum Wages 500 500 500 540 526 590
Population 1.32 1.32 1.32 1.32 1.32 1.33
Retirement Age Women 63.5 63.5 63.5 63.75 64 64
Retirement Age Men 63.5 63.5 63.5 63.75 64 64
Labor Force Participation Rate 71.4 72.29 72.1 71.8 72.08 72.07
Productivity 108 116 116 111 118 118
Part Time Employment 68.1 61.52 61.57 63.47 63.75 62.74
Full Time Employment 551 561 560 549 549 552
Employment Change -1.4 -0.2 0.5 -0.04 0.18 0.5
Employment Rate 66.6 67.64 67.47 66.63 66.77 66.86