Romania Average Gross Monthly Wages - Forecast

Wages in Romania is expected to be 3580.90 RON/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Romania to stand at 3560.93 in 12 months time. In the long-term, the Romania Average Gross Monthly Wages is projected to trend around 3542.71 RON/Month in 2020, according to our econometric models.


Romania Average Gross Monthly Wages
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Romania Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.6 5.1 5 5.1 5.2 5.4
Employed Persons 4872 4885 4894 4903 4912 5011
Unemployed Persons 351 364 374 381 389 456
Long Term Unemployment Rate 1.9 2.08 2.14 2.18 2.22 2.59
Youth Unemployment Rate 16.8 16.99 17.09 17.19 17.28 17.85
Labour Costs 96.9 119 120 101 97.11 100
Job Vacancies 1.22 1.11 1.05 1.03 0.99 1
Wages 3662 3581 3564 3562 3561 3543
Wages in Manufacturing 3316 3212 3189 3184 3182 3158
Minimum Wages 408 408 408 408 408 500
Population 19.64 19.58 19.58 19.58 19.58 19.26
Retirement Age Women 60.67 61 61 61 61 62
Retirement Age Men 65 65 65 65 65 64
Wages High Skilled 2760 2189 2227 2266 2305 2177
Wages Low Skilled 1350 1199 1221 1243 1266 1199
Labor Force Participation Rate 56.1 53.43 56.13 56 53.69 54.8
Living Wage Family 2210 2178 2165 2153 2140 2157
Living Wage Individual 1370 1308 1303 1298 1293 1308
Part Time Employment 576 571 610 584 572 634
Productivity 152 117 120 151 153 151
Employment Change 0 -0.11 -0.18 -0.31 -0.29 -0.27
Employment Rate 65.3 61.55 64.97 65.03 61.9 62.41
Full Time Employment 7938 7632 7871 7912 7730 7829