Slovakia Average Monthly Wages  Forecast


Slovakia Average Monthly Wages
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Wages in Slovakia is expected to be 1120.03 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Slovakia to stand at 1112.46 in 12 months time. In the long-term, the Slovakia Average Monthly Wages is projected to trend around 1093.68 EUR/Month in 2020, according to our econometric models.


Slovakia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 6 5.8 5.6 5.4 5.4 5.1
Employed Persons 2543 2537 2538 2537 2532 2501
Unemployed Persons 162087 171498 175040 179156 183440 212951
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 1094
Wages in Manufacturing 1226 1113 1094 1110 1100 1078
Minimum Wages 435 447 458 459 450 490
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 66.1 65.76 65.62 65.43 65.27 64.09
Full Time Employment 2355 2344 2339 2334 2329 2293