Wages in Albania decreased to 53232 ALL/Month in the first quarter of 2020 from 53458 ALL/Month in the fourth quarter of 2019.

Wages in Albania averaged 33087.10 ALL/Month from 1993 until 2020, reaching an all time high of 53458 ALL/Month in the fourth quarter of 2019 and a record low of 3084 ALL/Month in the fourth quarter of 1993. This page provides - Albania Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Average Monthly Wages - values, historical data and charts - was last updated on July of 2020. source: Instituti i Statistikave (INSTAT)

Wages in Albania is expected to be 62500.00 ALL/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Albania to stand at 64000.00 in 12 months time. In the long-term, the Albania Average Monthly Wages is projected to trend around 64000.00 ALL/Month in 2021, according to our econometric models.

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Albania Average Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
53232.00 53458.00 53458.00 3084.00 1993 - 2020 ALL/Month Quarterly
Current Prices, NSA

Albania Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.90 11.60 22.30 11.60 percent [+]
Employed Persons 1134.00 1154.00 1162.00 892.00 Thousand [+]
Unemployed Persons 67.00 71.00 301.00 64.00 Thousand [+]
Labor Force Participation Rate 69.60 69.70 69.80 57.90 percent [+]
Wages 53232.00 53458.00 53458.00 3084.00 ALL/Month [+]
Minimum Wages 26000.00 26000.00 26000.00 1200.00 ALL/Month [+]
Population 2.86 2.87 3.37 1.58 Million [+]
Retirement Age Women 60.67 60.50 60.67 50.00 [+]
Retirement Age Men 65.00 65.00 65.00 55.00 [+]
Youth Unemployment Rate 20.00 21.40 34.20 20.00 percent [+]
Employment Rate 61.40 61.60 61.60 47.10 percent [+]


Albania Average Monthly Wages
In Albania, wages are benchmarked using average monthly earnings.