Living Wage Individual in Slovakia increased to 450 EUR/Month in 2018 from 445 EUR/Month in 2017. source: WageIndicator Foundation

Living Wage Individual in Slovakia averaged 446.25 EUR/Month from 2015 until 2018, reaching an all time high of 450 EUR/Month in 2018 and a record low of 445 EUR/Month in 2016. Slovakia Living Wage Individual - values, historical data and charts - was last updated on December of 2020.

Living Wage Individual in Slovakia is expected to reach 466.20 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 Individual is projected to trend around 479.25 EUR/Month in 2021 and 492.67 EUR/Month in 2022, according to our econometric models.

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Slovakia Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
450.00 445.00 450.00 445.00 2015 - 2018 EUR/Month yearly

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 7.40 19.79 4.88 percent [+]
Employed Persons 2529.40 2504.50 2591.20 2083.50 Thousand [+]
Unemployed Persons 201281.00 203649.00 533676.00 134124.00 [+]
Labor Force Participation Rate 92.80 93.40 94.40 79.40 percent [+]
Long Term Unemployment Rate 3.50 3.30 12.50 3.30 percent [+]
Youth Unemployment Rate 18.80 18.40 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 1188.00 1121.00 1381.00 349.00 EUR/Month [+]
Wages in Manufacturing 1169.00 1103.00 1365.00 341.00 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 118.30 111.70 148.90 35.10 Thousand [+]
Employment Change -1.10 -0.80 1.90 -1.40 percent [+]
Employment Rate 66.80 68.00 68.60 56.10 percent [+]
Full Time Employment 2292.00 2341.90 2446.40 1877.10 Thousand [+]


Slovakia Living Wage Individual
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.