Labour Costs in Slovakia decreased to 130.70 points in the second quarter of 2021 from 136 points in the first quarter of 2021. source: EUROSTAT

Labour Costs in Slovakia averaged 92.92 points from 1995 until 2021, reaching an all time high of 136.50 points in the fourth quarter of 2020 and a record low of 47.30 points in the first quarter of 1995. This page provides - Slovakia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Unit Labour Costs - values, historical data and charts - was last updated on September of 2021.

Labour Costs in Slovakia is expected to be 123.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Unit Labour Costs is projected to trend around 144.53 points in 2022 and 148.58 points in 2023, according to our econometric models.

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Slovakia Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
130.70 136.00 136.50 47.30 1995 - 2021 points Quarterly
NSA, 2010=100

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.37 7.66 19.79 4.88 percent [+]
Employed Persons 2535.30 2501.80 2591.20 2083.50 Thousand [+]
Unemployed Persons 199528.00 207355.00 533676.00 134124.00 [+]
Labor Force Participation Rate 93.10 92.90 94.40 79.40 percent [+]
Long Term Unemployment Rate 3.30 3.20 12.50 2.90 percent [+]
Youth Unemployment Rate 21.70 22.80 39.90 13.40 percent [+]
Productivity 115.40 116.20 116.20 45.00 points [+]
Labour Costs 130.70 136.00 136.50 47.30 points [+]
Wages 1244.00 1270.00 1494.00 349.00 EUR/Month [+]
Wages in Manufacturing 1221.00 1254.00 1481.00 341.00 EUR/Month [+]
Minimum Wages 623.00 623.00 623.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.67 62.50 62.67 62.00 [+]
Retirement Age Men 62.67 62.50 62.67 62.00 [+]
Wage Growth 8.10 2.50 14.70 -33.10 percent [+]
Part Time Employment 76.70 80.90 148.90 35.10 Thousand [+]
Employment Change -1.10 0.00 1.90 -1.70 percent [+]
Employment Rate 67.90 67.80 68.60 56.10 percent [+]
Full Time Employment 2422.30 2383.30 2446.40 1877.10 Thousand [+]