Living Wage Family in Romania decreased to 2160 RON/Month in 2018 from 2200 RON/Month in 2017. source: WageIndicator Foundation

Living Wage Family in Romania averaged 2150 RON/Month from 2015 until 2018, reaching an all time high of 2200 RON/Month in 2017 and a record low of 2100 RON/Month in 2015. Romania Living Wage Family - values, historical data and charts - was last updated on December of 2020.

Living Wage Family in Romania is expected to reach 2300.00 RON/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Romania Living Wage Family is projected to trend around 2415.00 RON/Month in 2021 and 2500.00 RON/Month in 2022, according to our econometric models.

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Romania Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
2160.00 2200.00 2200.00 2100.00 2015 - 2018 RON/Month yearly

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 5.10 8.70 3.70 percent [+]
Employed Persons 4920.80 4906.30 8496.00 4095.20 Thousand [+]
Unemployed Persons 285.30 286.70 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.20 1.50 5.30 1.20 percent [+]
Youth Unemployment Rate 16.90 16.90 25.50 15.30 percent [+]
Labour Costs 157.10 165.40 165.40 2.10 points [+]
Job Vacancies 0.81 0.71 2.14 0.50 percent [+]
Wages 5414.00 5337.00 5468.00 1.02 RON/Month [+]
Wages in Manufacturing 4638.00 4572.00 4772.00 203.00 RON/Month [+]
Minimum Wages 460.77 466.23 466.23 24.53 EUR/Month [+]
Population 19.41 19.53 23.21 18.32 Million [+]
Retirement Age Women 60.92 60.67 60.92 57.92 [+]
Retirement Age Men 65.00 65.00 65.00 62.92 [+]
Labor Force Participation Rate 55.10 54.50 67.80 52.70 percent [+]
Part Time Employment 543.10 473.20 1458.10 473.20 Thousand [+]
Productivity 109.40 121.20 121.60 40.50 points [+]
Wage Growth 7.40 7.10 283.30 -1.90 percent [+]
Full Time Employment 7705.80 7801.70 8640.40 7228.10 Thousand [+]
Employment Change -1.90 -0.40 3.60 -10.40 percent [+]
Employment Rate 65.20 66.00 69.10 55.40 percent [+]


Romania Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.