Romania Gross Minimum Monthly Wage - Forecast

Minimum Wages in Romania is expected to be 407.86 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Romania to stand at 445.00 in 12 months time. In the long-term, the Romania Gross Minimum Monthly Wage is projected to trend around 500.00 EUR/Month in 2020, according to our econometric models.


Romania Gross Minimum Monthly Wage
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Romania Labour Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 4.6 4.8 4.8 5 5.1 5.4
Employed Persons 4921 4932 4933 4933 4933 4933
Unemployed Persons 313 298 299 299 299 299
Long Term Unemployment Rate 1.9 1.77 1.73 1.72 1.7 1.63
Youth Unemployment Rate 16.8 17.32 17.36 17.35 17.35 17.35
Labour Costs 143 118 118 118 118 118
Job Vacancies 1.2 1.19 1.16 1.19 1.16 1.16
Wages 4494 3800 4100 4200 5607 4800
Wages in Manufacturing 3913 3400 3420 3500 4749 3650
Minimum Wages 408 408 408 450 445 500
Population 19.52 19.52 19.52 19.45 19.39 19.36
Retirement Age Women 60.92 60.92 60.92 61.17 61 61.42
Retirement Age Men 65 65 65 65 65 65
Wages High Skilled 2760 2800 2800 2850 2253 2900
Wages Low Skilled 1350 1400 1400 1400 1244 1480
Labor Force Participation Rate 54.2 56.53 54.45 54.28 56.99 54.6
Living Wage Family 2210 2300 2300 2400 2162 2400
Living Wage Individual 1370 1298 1293 1298 1303 1309
Part Time Employment 505 565 528 552 577 554
Productivity 121 135 135 135 135 135
Employment Change 1.9 -0.26 0.01 -0.16 -0.27 -0.18
Employment Rate 63.1 66.01 63.78 63.57 66.47 63.87
Full Time Employment 7762 7988 7804 7762 7966 7845