Malta Labour Costs - Forecast

Labour Costs in Malta is expected to be 102.41 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 114.05 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.


Forecast Data Chart
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Malta Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.4 4 4.3 4.3 4 4.5
Employed Persons 199987 205867 208495 211109 213707 238879
Unemployed Persons 1778 1784 1785 1784 1784 1784
Long Term Unemployment Rate 1.1 1.46 1.52 1.42 1.34 1.43
Youth Unemployment Rate 5.5 5.53 5.19 5.32 5.27 5.29
Labour Costs 120 102 109 120 114 110
Wages 18643 18500 18500 19300 19345 19400
Minimum Wages 748 748 748 760 756 772
Population 0.48 0.48 0.48 0.5 0.5 0.52
Retirement Age Women 62 62 62 63 62 63
Retirement Age Men 62 62 62 63 62 63
Part Time Employment 28 29.1 29.51 28.73 28.93 29.41
Productivity 112 125 122 114 116 124
Labor Force Participation Rate 56.9 56.92 56.92 56.92 56.92 56.92
Full Time Employment 186 192 195 197 200 222
Employment Change 1.3 1.23 1.21 1.17 1.19 1.15
Employment Rate 68.1 68.23 68.23 68.23 68.23 68.23