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 450.00 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.6 4.7 4.8 4.8 5 5.4
Employed Persons 4888 4890 4893 4894 4894 4894
Unemployed Persons 344 352 359 366 371 366
Long Term Unemployment Rate 1.9 2.14 2.18 2.22 2.26 2.59
Youth Unemployment Rate 19.7 17.71 17.71 17.71 17.71 17.71
Labour Costs 97.6 103 105 104 104 104
Job Vacancies 1.13 1.19 1.19 1.19 1.19 1.19
Wages 4128 3800 3800 4100 4200 4800
Wages in Manufacturing 3653 3350 3400 3420 3500 3650
Minimum Wages 408 408 408 408 450 500
Population 19.64 19.58 19.58 19.58 19.48 19.26
Retirement Age Women 60.92 60.92 60.92 60.92 61.17 61.42
Retirement Age Men 65 65 65 65 65 65
Wages High Skilled 2760 2800 2800 2800 2850 2900
Wages Low Skilled 1350 1400 1400 1400 1400 1480
Labor Force Participation Rate 54.2 56.35 56.35 56.35 56.35 56.35
Living Wage Family 2210 2300 2300 2300 2400 2400
Living Wage Individual 1370 1370 1370 1370 1370 1370
Part Time Employment 505 599 563 526 549 551
Productivity 166 147 146 147 147 147
Employment Change 0.1 0.01 -0.21 -0.04 -0.17 -0.11
Employment Rate 63.4 64.66 64.81 64.77 64.78 64.78
Full Time Employment 7762 7940 7940 7940 7940 7940