Labour Costs in Romania decreased to 140.40 points in the second quarter of 2021 from 160.10 points in the first quarter of 2021. source: EUROSTAT

Labour Costs in Romania averaged 73.52 points from 1995 until 2021, reaching an all time high of 165.40 points in the first quarter of 2020 and a record low of 2.10 points in the third quarter of 1995. This page provides - Romania Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Unit Labour Costs - values, historical data and charts - was last updated on September of 2021.

Labour Costs in Romania is expected to be 126.69 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Unit Labour Costs is projected to trend around 137.83 points in 2022 and 147.06 points in 2023, according to our econometric models.

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Romania Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
140.40 160.10 165.40 2.10 1995 - 2021 points Quarterly
NSA, 2010=100

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.10 5.00 8.70 3.60 percent [+]
Employed Persons 4969.20 4962.80 8496.00 4095.20 Thousand [+]
Unemployed Persons 258.80 262.10 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 2.00 1.70 5.30 1.20 percent [+]
Youth Unemployment Rate 21.30 21.30 25.80 15.30 percent [+]
Labour Costs 140.40 160.10 165.40 2.10 points [+]
Job Vacancies 0.79 0.73 2.14 0.50 percent [+]
Wages 5780.00 5779.00 5906.00 1.02 RON/Month [+]
Wages in Manufacturing 5090.00 5091.00 5208.00 203.00 RON/Month [+]
Minimum Wages 466.72 458.07 466.72 24.53 EUR/Month [+]
Population 19.33 19.41 23.21 18.32 Million [+]
Retirement Age Women 61.67 61.42 61.67 57.92 [+]
Retirement Age Men 65.00 65.00 65.00 62.92 [+]
Labor Force Participation Rate 50.40 55.20 67.80 50.40 percent [+]
Part Time Employment 314.90 449.60 1458.10 314.90 Thousand [+]
Productivity 134.10 134.70 134.70 40.50 points [+]
Wage Growth 7.60 9.80 283.30 -1.90 percent [+]
Full Time Employment 7244.80 7818.20 8640.40 7228.10 Thousand [+]
Employment Change -9.40 0.20 4.30 -10.40 percent [+]
Employment Rate 60.80 65.80 69.10 55.40 percent [+]