Germany Labour Costs - Forecast

Labour Costs in Germany is expected to be 115.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Germany to stand at 121.00 in 12 months time. In the long-term, the Germany Labour Costs is projected to trend around 126.00 Index Points in 2020, according to our econometric models.


Germany Labour Costs
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Germany Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.6 3.8 3.9 4 4 4
Employed Persons 44480 44650 44770 44790 44800 45900
Unemployed Persons 2570 2710 2720 2730 2800 3010
Unemployment Change -25 12 15 11 7 15
Long Term Unemployment Rate 1.5 1.7 1.8 1.8 2 2.3
Youth Unemployment Rate 6.6 6.7 6.8 6.8 7.2 7.9
Productivity 108 108 109 110 109 113
Labour Costs 113 115 116 117 121 126
Job Vacancies 823 689 691 687 670 640
Wages 3779 3880 3900 3920 3940 4110
Wages in Manufacturing 111 115 116 117 118 126
Wage Growth 0.7 1.1 1.2 1.2 1.4 1.8
Minimum Wages 8.84 8.84 8.84 8.84 8.84 9.5
Population 82.8 83.1 83.1 83.1 83.1 83.75
Retirement Age Women 65.42 65.6 65.6 65.6 65.6 66
Retirement Age Men 65.42 65.6 65.6 65 65.6 66
Labor Force Participation Rate 61.5 61.6 61.8 62 62 64
Living Wage Family 1990 2000 2000 2000 2000 2100
Living Wage Individual 1240 1300 1300 1350 1350 1550
Wages Low Skilled 2050 2140 2140 2140 2140 2280
Wages High Skilled 3550 3650 3650 3650 3650 3750
Part Time Employment 10830 11200 11300 11400 11800 13500
Employment Change 0.3 0.5 0.5 0.18 0.4 0.2
Employment Rate 75.6 75.5 75.5 75.6 75.9 75.4
Full Time Employment 30032 30300 30400 30500 31200 32500