Luxembourg Average Nominal Monthly Wages - Forecast

Wages in Luxembourg is expected to be 5100.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Luxembourg Average Nominal Monthly Wages is projected to trend around 5200.00 EUR/Month in 2020, according to our econometric models.


Forecast Data Chart
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Luxembourg Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 5.5 5.7 5.6 5.4 5.3 5.2
Employed Persons 447453 449330 452350 454974 457368 482634
Unemployed Persons 15262 16004 16330 15757 15676 15866
Long Term Unemployment Rate 1.5 1.63 1.62 1.63 1.67 1.64
Youth Unemployment Rate 13.3 13.17 12.83 12.7 12.65 12.61
Labour Costs 96.7 101 101 101 101 101
Wages 5301 5100 5100 5150 5499 5200
Minimum Wages 1999 1999 1999 2050 2050 2100
Population 0.6 0.6 0.6 0.61 0.61 0.62
Retirement Age Women 65 65 65 65 65 65
Retirement Age Men 65 65 65 65 65 65
Wages In Manufacturing 103 104 104 104 104 104
Labor Force Participation Rate 59.9 59.68 59.77 59.74 59.73 59.74
Productivity 99.7 98.95 103 99.19 101 101
Part Time Employment 50.9 53.45 53.7 53.49 54.4 58.94
Employment Change 1 0.86 0.88 0.85 0.86 0.81
Employment Rate 67.2 67.04 66.86 67.01 66.9 66.94
Full Time Employment 226 226 227 229 231 244