Labour Costs in Lithuania decreased to 128.10 points in the fourth quarter of 2019 from 134 points in the third quarter of 2019.

Labour Costs in Lithuania averaged 74.50 points from 2000 until 2019, reaching an all time high of 134 points in the third quarter of 2019 and a record low of 35.90 points in the first quarter of 2000. This page provides - Lithuania Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Labour Costs - values, historical data and charts - was last updated on June of 2020.

Labour Costs in Lithuania is expected to be 160.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Lithuania to stand at 165.11 in 12 months time. In the long-term, the Lithuania Labour Costs is projected to trend around 170.16 points in 2021 and 172.57 points in 2022, according to our econometric models.

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Lithuania Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
128.10 134.00 134.00 35.90 2000 - 2019 points Quarterly
2016=100, SA

Lithuania Labour Last Previous Highest Lowest Unit
Unemployment Rate 11.20 9.80 15.30 2.70 percent [+]
Employed Persons 1386.40 1379.40 1497.40 1221.90 Thousand [+]
Unemployed Persons 193.33 169.44 330.58 58.20 Thousand [+]
Labor Force Participation Rate 62.20 62.00 62.60 54.70 percent [+]
Long Term Unemployment Rate 2.10 1.90 10.80 0.80 percent [+]
Youth Unemployment Rate 15.70 14.20 36.20 7.60 percent [+]
Labour Costs 128.10 134.00 134.00 35.90 points [+]
Job Vacancies 15011.00 17271.00 26118.00 4157.00 [+]
Wages 1358.60 1317.60 1358.60 297.90 EUR/Month [+]
Wages in Manufacturing 1358.60 1317.60 1358.60 297.90 EUR/Month [+]
Minimum Wages 555.00 555.00 555.00 92.14 EUR/Month [+]
Population 2.79 2.81 3.71 2.76 Million [+]
Retirement Age Women 62.33 62.00 62.33 59.00 [+]
Retirement Age Men 63.67 63.50 63.67 62.50 [+]
Productivity 113.20 112.90 113.20 41.70 points [+]
Part Time Employment 79.50 81.10 169.90 79.50 Thousand [+]
Employment Change 1.10 -1.10 3.70 -4.10 percent [+]
Employment Rate 73.20 73.20 73.20 56.30 percent [+]
Full Time Employment 1246.80 1246.50 1334.10 1096.00 Thousand [+]