Estonia Average Monthly Wages in Manufacturing  Forecast


Wages in Manufacturing in Estonia is expected to be 1165.81 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 1199.41 in 12 months time. In the long-term, the Estonia Average Monthly Wages in Manufacturing is projected to trend around 1199.17 EUR/Month in 2020, according to our econometric models.

Estonia Average Monthly Wages in Manufacturing
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Estonia Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 7 6.7 6.4 6.5 6.2 5.5
Employed Persons 654 646 640 647 649 642
Unemployed Persons 29.44 30.36 31.17 31.21 31.07 31.05
Long Term Unemployment Rate 1.9 2.22 2.1 1.97 2.15 2.06
Youth Unemployment Rate 14.3 14.36 14.08 14.2 14.16 14.17
Labour Costs 129 127 126 126 127 125
Job Vacancies 5.53 4.52 5.18 5.05 5.04 5.05
Wages 1242 1208 1283 1242 1307 1322
Wages in Manufacturing 1200 1166 1199 1166 1199 1199
Wage Growth 7 5.6 5.26 5.33 5.53 5.84
Minimum Wages 470 470 450 487 504 500
Population 1.32 1.32 1.32 1.32 1.32 1.33
Retirement Age Women 62.7 62.63 62.63 62.87 62.94 63.21
Retirement Age Men 63 63 63 63 63 63
Full Time Employment 558 572 562 569 578 573
Employment Change -0.5 -0.2 0.9 0.1 1.2 0.5
Employment Rate 66.3 67.36 66.57 67.48 68.28 68.03
Productivity 114 113 115 104 116 116
Part Time Employment 58.5 58.13 58.73 58.61 58.28 58.3
Labor Force Participation Rate 72 71.66 70.24 70.76 71.83 70.91