Slovakia Productivity  Forecast


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Productivity in Slovakia is expected to be 116.32 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 122.37 in 12 months time. In the long-term, the Slovakia Productivity is projected to trend around 115.81 Index Points in 2020, according to our econometric models.


Slovakia Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 6.1 6.1 5.8 5.6 5.4 5.1
Employed Persons 2527 2527 2524 2524 2520 2483
Unemployed Persons 167278 181531 186618 190430 194861 227999
Labor Force Participation Rate 91.9 91.81 91.66 91.45 91.22 89.38
Long Term Unemployment Rate 5.4 5.95 6.23 6.52 6.82 8.6
Youth Unemployment Rate 14.9 13.68 13.46 13.74 14.26 19.58
Labour Costs 107 111 110 108 98.54 107
Productivity 113 116 106 113 122 116
Wages 1017 1027 1031 1023 1022 999
Wages in Manufacturing 1006 1010 1014 1009 1006 983
Minimum Wages 435 425 447 458 459 490
Population 5.44 5.44 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 630 624 620 618 616 618
Living Wage Individual 445 433 432 431 431 434
Part Time Employment 145 144 143 143 143 139
Wage Growth 3.8 4.1 1.87 1.1 0.51 3.3
Wages Low Skilled 610 786 768 760 751 779
Wages High Skilled 1390 1887 1843 1821 1799 1871
Employment Change 0.6 0.26 0.15 0.08 0.08 0.15
Employment Rate 66.1 65.83 65.76 65.62 65.43 64.09
Full Time Employment 2355 2328 2323 2318 2313 2274