Slovakia Average Monthly Wages  Forecast


Wages in Slovakia is expected to be 1024.53 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 1022.09 in 12 months time. In the long-term, the Slovakia Average Monthly Wages is projected to trend around 1023.27 EUR/Month in 2020, according to our econometric models.


Slovakia Average Monthly Wages
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Slovakia Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 6.5 7.1 6.7 6.5 6.3 5.5
Employed Persons 2527 2532 2527 2524 2524 2483
Unemployed Persons 178253 180633 173257 165178 160213 136434
Labor Force Participation Rate 91.9 91.91 91.81 91.66 91.45 89.38
Long Term Unemployment Rate 5.4 4.92 4.8 4.75 4.62 4.35
Youth Unemployment Rate 16.6 16.51 15.98 15.74 15.62 15.52
Productivity 113 124 116 106 113 116
Labour Costs 107 97.66 111 110 108 107
Wages 1015 1025 1022 1025 1022 1023
Wages in Manufacturing 997 1008 1008 1009 1008 1008
Minimum Wages 435 436 425 448 459 490
Population 5.44 5.44 5.44 5.45 5.45 5.47
Retirement Age Women 62.17 62.56 62.56 62.6 62.62 63.48
Retirement Age Men 62.17 62 62 62.12 62.17 62.17
Employment Change 0.6 0.11 0.08 0.08 0.09 0.16
Employment Rate 65.8 66.32 66.41 66.68 66.93 67.33
Full Time Employment 2341 2350 2350 2350 2352 2353
Part Time Employment 145 146 146 146 146 146
Living Wage Family 727 723 724 724 724 724
Living Wage Individual 644 631 631 631 631 631
Wage Growth 3.8 3.29 4.1 1.87 1.1 3.3
Wages Low Skilled 626 598 594 591 588 575
Wages High Skilled 1190 1110 1101 1093 1086 1053