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 525.00 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 5.4 5.7 5.5 5.4 5.4 5.1
Employed Persons 2543 2553 2560 2558 2559 2571
Unemployed Persons 148090 147192 141931 136571 132848 115211
Labor Force Participation Rate 92.9 93.63 93.6 93.85 94.13 95.36
Long Term Unemployment Rate 4.9 5.27 5.5 5.76 6.03 8.18
Youth Unemployment Rate 18.2 17.98 17.81 17.74 17.71 17.68
Labour Costs 115 111 106 120 119 126
Productivity 109 113 114 114 114 114
Wages 955 1110 1060 1140 1110 1220
Wages in Manufacturing 1084 1070 1045 1100 1060 1170
Minimum Wages 480 480 480 480 525 560
Population 5.44 5.45 5.45 5.44 5.44 5.45
Retirement Age Women 62.42 62.42 62.42 62.42 62.67 63
Retirement Age Men 62.42 62.42 62.42 62.42 62.67 63
Living Wage Family 630 650 650 650 685 685
Living Wage Individual 445 445 445 445 445 445
Part Time Employment 144 144 149 144 149 144
Wage Growth 4.1 3.8 3.78 3.8 3.58 3.3
Wages Low Skilled 610 660 660 660 660 680
Wages High Skilled 1390 1440 1440 1440 1440 1500
Employment Change 0.4 0.29 0.24 0.2 0.2 0.26
Employment Rate 66.4 66.19 66.07 65.92 65.76 64.29
Full Time Employment 2368 2362 2362 2362 2362 2362