Living Wage Family in Slovakia increased to 640 EUR/Month in 2018 from 635 EUR/Month in 2017. source: WageIndicator Foundation

Living Wage Family in Slovakia averaged 637.50 EUR/Month from 2015 until 2018, reaching an all time high of 640 EUR/Month in 2016 and a record low of 635 EUR/Month in 2015. Slovakia Living Wage Family - values, historical data and charts - was last updated on January of 2021.

Living Wage Family in Slovakia is expected to reach 663.04 EUR/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Living Wage Family is projected to trend around 681.61 EUR/Month in 2021 and 700.69 EUR/Month in 2022, according to our econometric models.

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Slovakia Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
640.00 635.00 640.00 635.00 2015 - 2018 EUR/Month yearly

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.60 7.40 19.79 4.88 percent [+]
Employed Persons 2529.40 2504.50 2591.20 2083.50 Thousand [+]
Unemployed Persons 207184.00 201948.00 533676.00 134124.00 [+]
Labor Force Participation Rate 92.80 93.40 94.40 79.40 percent [+]
Long Term Unemployment Rate 2.90 3.50 12.50 2.90 percent [+]
Youth Unemployment Rate 20.40 18.80 39.90 13.10 percent [+]
Productivity 111.50 113.90 113.90 45.00 points [+]
Labour Costs 117.40 130.90 134.80 47.30 points [+]
Wages 1494.00 1163.00 1494.00 349.00 EUR/Month [+]
Wages in Manufacturing 1481.00 1137.00 1481.00 341.00 EUR/Month [+]
Minimum Wages 580.00 580.00 580.00 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 2.70 3.00 14.70 -33.10 percent [+]
Part Time Employment 111.20 118.30 148.90 35.10 Thousand [+]
Employment Change -1.10 -0.80 1.90 -1.40 percent [+]
Employment Rate 67.50 66.80 68.60 56.10 percent [+]
Full Time Employment 2377.70 2292.00 2446.40 1877.10 Thousand [+]


Slovakia 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.