Slovakia Gross Minimum Monthly Wage - Forecast

Minimum Wages in Slovakia is expected to be 480.00 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 Slovakia to stand at 480.00 in 12 months time. In the long-term, the Slovakia Gross Minimum Monthly Wage is projected to trend around 560.00 EUR/Month in 2020, according to our econometric models.


Slovakia Gross Minimum Monthly Wage
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Slovakia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.9 5.8 5.6 5.4 5.4 5.1
Employed Persons 2543 2537 2538 2537 2532 2501
Unemployed Persons 161915 171572 175102 179225 183510 225688
Labor Force Participation Rate 92 91.78 91.58 91.35 91.12 89.5
Long Term Unemployment Rate 4.9 5.1 5.27 5.5 5.76 8.18
Youth Unemployment Rate 17 16.49 16.58 16.97 17.52 23.41
Labour Costs 102 110 107 103 110 109
Productivity 128 105 113 126 119 118
Wages 1096 1104 1057 1085 1071 1040
Wages in Manufacturing 1083 1095 1052 1070 1063 1029
Minimum Wages 480 480 480 480 480 560
Population 5.44 5.45 5.45 5.45 5.45 5.45
Retirement Age Women 62.17 62 62 62 62 62
Retirement Age Men 62.17 62 62 62 62 62
Living Wage Family 630 622 620 618 616 618
Living Wage Individual 445 433 432 431 431 434
Part Time Employment 149 147 147 147 146 142
Wage Growth 3.6 2.23 1.41 0.71 3.8 3.3
Wages Low Skilled 610 660 660 660 660 680
Wages High Skilled 1390 1440 1440 1440 1440 1500
Employment Change 0.6 0.33 0.17 0.12 0.08 0.16
Employment Rate 66.4 66.28 66.19 66.07 65.92 64.29
Full Time Employment 2362 2354 2350 2345 2340 2288