Malta Labour Costs - Forecast

Labour Costs in Malta is expected to be 109.99 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 Malta to stand at 104.92 in 12 months time. In the long-term, the Malta Labour Costs is projected to trend around 110.76 Index Points in 2020, according to our econometric models.


Forecast Data Chart
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Malta Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.8 4.3 4.1 4.2 4.3 4.5
Employed Persons 201786 208853 211511 214154 216782 239773
Unemployed Persons 1787 1794 1791 1790 1790 1790
Long Term Unemployment Rate 1.1 1.52 1.42 1.34 1.46 1.43
Youth Unemployment Rate 8.8 8.05 8.22 8.13 8.17 8.16
Labour Costs 115 110 121 116 105 111
Wages 18945 18500 19300 19503 19593 19400
Minimum Wages 748 748 760 760 760 772
Population 0.48 0.48 0.5 0.5 0.5 0.52
Retirement Age Women 62 62 63 62 62 63
Retirement Age Men 62 62 63 62 62 63
Part Time Employment 28 29.51 28.73 28.93 29.3 29.41
Productivity 115 122 114 117 127 124
Labor Force Participation Rate 56.9 56.92 56.92 56.92 56.92 56.92
Full Time Employment 186 195 197 200 202 222
Employment Change 1.3 1.31 1.29 1.31 1.28 1.25
Employment Rate 70.6 71.22 70.7 72.23 72.4 76.72