Lithuania Gross Minimum Monthly Wage  Forecast


Minimum Wages in Lithuania is expected to be 370.00 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 Lithuania to stand at 388.13 in 12 months time. In the long-term, the Lithuania Gross Minimum Monthly Wage is projected to trend around 400.00 EUR/Month in 2020, according to our econometric models.


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Lithuania Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 7.4 8.6 8.2 7.3 7.1 7.2
Employed Persons 1363 1367 1364 1369 1372 1377
Unemployed Persons 131 130 131 132 132 138
Labor Force Participation Rate 60.3 60.32 60.29 60.29 60.28 60.17
Long Term Unemployment Rate 2.9 3.59 3.86 4.11 4.35 5.44
Youth Unemployment Rate 14.4 14.59 14.73 14.86 15 16.07
Labour Costs 135 140 141 143 144 146
Job Vacancies 19761 17331 16747 14582 14602 12442
Wages 839 848 851 852 852 832
Wages in Manufacturing 839 848 851 852 852 832
Minimum Wages 380 370 388 388 388 400
Population 2.85 2.85 2.81 2.81 2.81 2.75
Retirement Age Women 62.2 62.01 61.96 61.93 61.91 61.03
Retirement Age Men 63.6 63.54 63.54 63.53 63.53 63.09
Employment Change 0.5 -0.06 -0.14 -0.02 -0.06 -0.08
Employment Rate 70.6 70.2 69.77 70.33 70.2 68.21
Full Time Employment 1185 1215 1204 1209 1217 1223
Productivity 116 116 109 114 120 116
Part Time Employment 110 104 108 109 109 114