Labour Costs in Estonia decreased to 117.95 points in the fourth quarter of 2020 from 119.61 points in the third quarter of 2020. source: European Central Bank

Labour Costs in Estonia averaged 71.83 points from 1993 until 2020, reaching an all time high of 126.48 points in the second quarter of 2020 and a record low of 29.81 points in the first quarter of 1993. This page provides - Estonia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Labour Costs - values, historical data and charts - was last updated on March of 2021.

Labour Costs in Estonia is expected to be 149.85 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Estonia to stand at 157.43 in 12 months time. In the long-term, the Estonia Labour Costs is projected to trend around 157.43 points in 2022 and 134.28 points in 2023, according to our econometric models.

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Estonia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
117.95 119.61 126.48 29.81 1993 - 2020 points Quarterly
2010=100, NSA

Estonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 7.70 19.50 0.50 percent [+]
Employed Persons 659.50 652.70 839.10 551.60 Thousand [+]
Unemployed Persons 56.58 53.87 95.00 12.00 Thousand [+]
Long Term Unemployment Rate 1.30 1.10 8.30 0.60 percent [+]
Youth Unemployment Rate 18.90 23.30 40.40 6.60 percent [+]
Labour Costs 117.95 119.61 126.48 29.81 points [+]
Job Vacancies 3.38 2.16 9.53 0.51 Thousand [+]
Wages 1515.00 1441.00 1515.00 7.35 EUR/Month [+]
Wages in Manufacturing 1404.00 1373.00 1404.00 281.91 EUR/Month [+]
Wage Growth 4.70 6.30 21.20 -6.50 percent [+]
Minimum Wages 584.00 584.00 584.00 79.89 EUR/Month [+]
Population 1.33 1.32 1.57 1.21 Million [+]
Retirement Age Women 63.75 63.50 63.75 60.50 [+]
Retirement Age Men 63.75 63.50 63.75 63.00 [+]
Labor Force Participation Rate 71.80 70.40 72.30 61.20 percent [+]
Part Time Employment 66.80 72.50 86.00 32.40 Thousand [+]
Productivity 120.40 118.60 120.70 50.60 points [+]
Full Time Employment 551.60 534.40 599.00 476.80 Thousand [+]
Employment Change 0.90 -5.10 3.40 -5.30 percent [+]
Employment Rate 66.30 65.40 76.50 53.10 percent [+]