Malta Labour Costs - Forecast

Labour Costs in Malta is expected to be 113.52 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 120.44 in 12 months time. In the long-term, the Malta Labour Costs is projected to trend around 109.80 Index Points in 2020, according to our econometric models.


Malta Labour Costs
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Malta Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.7 4.1 4 4.3 3.9 4.5
Employed Persons 195274 199961 202144 204312 206466 229219
Unemployed Persons 1847 1844 1850 1853 1853 1853
Long Term Unemployment Rate 1.4 1.7 1.7 1.7 1.7 1.7
Youth Unemployment Rate 6.8 6.08 6.79 6.47 6.59 6.56
Labour Costs 120 114 102 109 120 110
Wages 17911 18700 18500 18500 19300 19400
Minimum Wages 748 748 748 748 760 772
Population 0.44 0.44 0.44 0.44 0.44 0.45
Retirement Age Women 62 62 62 62 63 63
Retirement Age Men 62 62 62 62 63 63
Part Time Employment 25.3 25.9 25.9 25.9 25.9 25.9
Productivity 112 114 125 122 114 124
Labor Force Participation Rate 56.9 56.37 56.36 56.36 56.36 56.36
Full Time Employment 175 171 171 171 171 171
Employment Change 1.3 1.17 1.23 1.21 1.17 1.15
Employment Rate 69.3 67.31 67.43 67.43 67.38 67.15