Estonia Average Monthly Gross Wages  Forecast


Wages in Estonia is expected to be 1283.26 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 1261.74 in 12 months time. In the long-term, the Estonia Average Monthly Gross Wages is projected to trend around 1322.12 EUR/Month in 2020, according to our econometric models.


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Estonia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 7 6.2 5.9 6.6 6.9 5.5
Employed Persons 654 650 652 652 652 658
Unemployed Persons 28.86 28.92 29.9 31.15 32.37 37.36
Long Term Unemployment Rate 1.9 2.5 2.72 2.98 3.14 4.09
Youth Unemployment Rate 10.8 13.72 13.85 14.45 14.82 17.15
Labour Costs 129 126 126 127 127 125
Job Vacancies 5.49 5.31 5.16 5.02 4.89 4.07
Wages 1242 1283 1242 1307 1262 1322
Wages in Manufacturing 1200 1236 1200 1255 1217 1251
Wage Growth 7 7.34 7.58 7.84 8.08 8.47
Minimum Wages 470 450 486 503 503 500
Population 1.32 1.32 1.32 1.32 1.32 1.33
Retirement Age Women 62.7 62.39 62.6 62.7 62.81 63.01
Retirement Age Men 63 63 63 63 63 63
Full Time Employment 558 553 557 557 551 546
Employment Change -0.5 0.9 0.1 1.2 -0.2 0.5
Employment Rate 66.3 66.3 66.7 66.61 66.46 66.57
Productivity 114 111 104 111 110 109
Part Time Employment 58.5 57.29 56.92 56.21 55.7 53.23
Labor Force Participation Rate 72 70.41 70.69 71.22 70.99 70.58