Slovakia Productivity - Forecast

Productivity in Slovakia is expected to be 105.37 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in Slovakia to stand at 118.78 in 12 months time. In the long-term, the Slovakia Productivity is projected to trend around 118.34 Index Points in 2020, according to our econometric models.


Slovakia Productivity
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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 5.1 5.44 5.67 5.94 6.21 8.01
Youth Unemployment Rate 17.3 16.92 17.12 17.58 18.15 22.47
Labour Costs 102 110 107 103 110 109
Productivity 128 105 113 126 119 118
Wages 1241 1120 1110 1130 1112 1083
Wages in Manufacturing 1226 1113 1094 1110 1100 1066
Minimum Wages 435 450 450 450 450 510
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 144 144 143 143 142 139
Wage Growth 3.6 2.23 1.41 0.71 3.8 3.3
Wages Low Skilled 610 777 768 760 751 779
Wages High Skilled 1390 1865 1843 1821 1799 1871
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 2355 2344 2339 2334 2329 2293