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.


Forecast Data Chart
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Slovakia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 5.4 5.4 5.4 5.3 5.2 5.1
Employed Persons 2556 2561 2562 2570 2573 2577
Unemployed Persons 148935 140560 137868 134558 132264 122512
Labor Force Participation Rate 93.4 93.49 93.76 94.05 93.91 94.62
Long Term Unemployment Rate 4.4 3.86 3.63 3.51 3.43 3.07
Youth Unemployment Rate 13.9 13.27 13.1 13.02 12.99 12.96
Labour Costs 111 120 119 115 110 126
Productivity 117 116 116 115 115 115
Wages 1101 1140 1110 1097 1085 1220
Wages in Manufacturing 1090 1100 1060 1098 1094 1170
Minimum Wages 480 480 525 525 525 560
Population 5.44 5.44 5.44 5.44 5.44 5.45
Retirement Age Women 62.42 62.42 62.67 62.42 62.42 63
Retirement Age Men 62.42 62.42 62.67 62.42 62.42 63
Living Wage Family 630 650 685 625 627 685
Living Wage Individual 445 441 442 442 443 443
Part Time Employment 142 147 148 149 150 159
Wage Growth 3.5 3.8 3.4 3.5 3.6 3.3
Wages Low Skilled 610 660 660 763 769 680
Wages High Skilled 1390 1440 1440 1830 1846 1500
Employment Change 0.5 0.32 0.28 0.25 0.26 0.3
Employment Rate 67.1 67.07 67.51 67.44 67.45 67.68
Full Time Employment 2372 2379 2380 2382 2382 2383