Labor Force Participation Rate in Slovakia increased to 93 percent in the fourth quarter of 2020 from 92.80 percent in the third quarter of 2020. source: Statistical Office of the Slovak Republic

Labor Force Participation Rate in Slovakia averaged 86.74 percent from 1998 until 2020, reaching an all time high of 94.40 percent in the fourth quarter of 2019 and a record low of 79.40 percent in the first quarter of 2001. This page provides - Slovakia Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Labor Force Participation Rate - values, historical data and charts - was last updated on May of 2021.

Labor Force Participation Rate in Slovakia is expected to be 94.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in Slovakia to stand at 94.12 in 12 months time. In the long-term, the Slovakia Labor Force Participation Rate is projected to trend around 94.45 percent in 2022 and 94.62 percent in 2023, according to our econometric models.

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Slovakia Labor Force Participation Rate

Actual Previous Highest Lowest Dates Unit Frequency
93.00 92.80 94.40 79.40 1998 - 2020 percent Quarterly

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.00 7.90 19.79 4.88 percent [+]
Employed Persons 2538.90 2529.40 2591.20 2083.50 Thousand [+]
Unemployed Persons 218627.00 216495.00 533676.00 134124.00 [+]
Labor Force Participation Rate 93.00 92.80 94.40 79.40 percent [+]
Long Term Unemployment Rate 2.90 3.50 12.50 2.90 percent [+]
Youth Unemployment Rate 20.80 20.60 39.90 13.10 percent [+]
Productivity 115.30 111.50 115.30 45.00 points [+]
Labour Costs 135.20 117.40 135.20 47.30 points [+]
Wages 1233.00 1136.00 1494.00 349.00 EUR/Month [+]
Wages in Manufacturing 1206.00 1106.00 1481.00 341.00 EUR/Month [+]
Minimum Wages 623.00 580.00 623.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.67 62.50 62.67 62.00 [+]
Retirement Age Men 62.67 62.50 62.67 62.00 [+]
Wage Growth 5.80 2.70 14.70 -33.10 percent [+]
Part Time Employment 108.90 111.20 148.90 35.10 Thousand [+]
Employment Change 0.20 0.00 1.90 -1.80 percent [+]
Employment Rate 67.80 67.50 68.60 56.10 percent [+]
Full Time Employment 2390.40 2377.70 2446.40 1877.10 Thousand [+]


Slovakia Labor Force Participation Rate
The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population.