South Africa Living Wage Family  Forecast


South Africa Living Wage Family
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Living Wage Family in South Africa is expected to be 10300.00 ZAR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Living Wage Family is projected to trend around 10630.00 ZAR/Month in 2020, according to our econometric models.


South Africa Labour Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 27.7 27.5 28 27.8 27.1 24
Employed Persons 9617000 9576126 9563797 9552314 9540321 9020000
Unemployed Persons 6210 5800 6146 6103 6103 5140
Labor Force Participation Rate 59.9 60 60.2 60.2 59.58 61
Labour Costs 145 152 153 155 157 167
Wages 19170 19503 19686 19769 19819 19632
Wages in Manufacturing 16680 16618 16674 16646 16609 16272
Population 55.91 57 58 58 58 59.44
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 61 61 61 61 60
Wages High Skilled 21300 21300 21300 21700 21700 23200
Wages Low Skilled 3950 3950 4050 4079 4108 4069
Youth Unemployment Rate 52.2 52.32 52.41 53.53 54.04 51.51
Living Wage Family 10300 10300 10300 10360 10400 10630
Living Wage Individual 6460 6460 6460 6460 6530 6700
Employment Rate 43.3 43.39 43.21 43.22 43.25 45.12