Ireland Gross Minimum Monthly Wage  Forecast


Minimum Wages in Ireland is expected to be 1563.25 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Ireland to stand at 1572.16 in 12 months time. In the long-term, the Ireland Gross Minimum Monthly Wage is projected to trend around 1600.00 EUR/Month in 2020, according to our econometric models.


Ireland Gross Minimum Monthly Wage
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Ireland Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 6.3 6.1 5.9 5.7 5.5 5.4
Employed Persons 2064 2080 2090 2095 2100 2300
Unemployed Persons 146 143 141 138 136 141
Unemployment Change -10129 -17850 2980 -4720 4910 1040
Part Time Employment 443 452 454 456 458 498
Full Time Employment 1620 1630 1650 1670 1680 1880
Labor Force Participation Rate 60.4 60.7 60.9 61 61.2 64
Long Term Unemployment Rate 3.6 4.2 4 4 3.7 3.4
Youth Unemployment Rate 12.3 13 12.7 12.5 12.2 10.5
Labour Costs 80 87 89 92 94 110
Minimum Wages 1563 1563 1563 1572 1572 1600
Wages in Manufacturing 871 822 849 872 834 872
Population 4.77 4.77 4.77 4.86 4.86 4.94
Retirement Age Women 66 66 66 66 66 66
Retirement Age Men 66 66 66 66 66 66
Employment Change 1.1 0.5 0.6 0.6 0.5 0.4
Employment Rate 65.4 65.9 66 66.2 66.4 68
Productivity 143 143 144 145 146 155
Initial Jobless Claims 40786 37361 39900 40537 41521 38900