Estonia Average Monthly Gross Wages - Forecast

Wages in Estonia is expected to be 1229.71 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Estonia to stand at 1305.40 in 12 months time. In the long-term, the Estonia Average Monthly Gross Wages is projected to trend around 1296.18 EUR/Month in 2020, according to our econometric models.


Estonia Average Monthly Gross Wages
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Estonia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.3 5.9 6.6 6.9 6 5.5
Employed Persons 667 666 668 670 670 675
Unemployed Persons 33.27 35.61 37.55 38.42 38.77 38.59
Long Term Unemployment Rate 2 2.27 2.46 2.63 2.85 4.07
Youth Unemployment Rate 6.8 9.28 9.63 10.49 11.14 15.75
Labour Costs 127 126 126 126 126 124
Job Vacancies 4.28 4.4 4.26 4.17 4.09 3.49
Wages 1201 1230 1296 1246 1305 1296
Wages in Manufacturing 1163 1189 1245 1203 1250 1222
Wage Growth 7.3 7.86 8.28 8.46 8.74 7.98
Minimum Wages 500 500 500 500 500 590
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 72.2 71.86 71.78 71.89 71.9 71.5
Productivity 113 104 111 112 111 110
Part Time Employment 58.8 57.64 57.51 57.2 56.75 53.43
Full Time Employment 573 569 566 567 563 548
Employment Change 1.3 0.1 1.2 -0.2 0.5 0.5
Employment Rate 68.4 68.14 68.39 68.53 68.41 68.24