Labour Costs in Lithuania increased to 138 points in the second quarter of 2020 from 132 points in the first quarter of 2020.

Labour Costs in Lithuania averaged 75.98 points from 2000 until 2020, reaching an all time high of 138 points in the second quarter of 2020 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 October 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
138.00 132.00 138.00 35.90 2000 - 2020 points Quarterly
2016=100, SA

Lithuania Labour Last Previous Highest Lowest Unit
Unemployment Rate 14.10 13.70 15.30 2.70 percent [+]
Employed Persons 1351.50 1386.40 1497.40 1221.90 Thousand [+]
Unemployed Persons 243.27 235.56 330.58 58.20 Thousand [+]
Labor Force Participation Rate 62.20 62.00 62.60 54.70 percent [+]
Long Term Unemployment Rate 2.40 2.10 10.80 0.80 percent [+]
Youth Unemployment Rate 25.40 23.10 36.20 7.60 percent [+]
Labour Costs 138.00 132.00 138.00 35.90 points [+]
Job Vacancies 17298.00 15011.00 26118.00 4157.00 [+]
Wages 1381.00 1381.00 1381.00 297.90 EUR/Month [+]
Wages in Manufacturing 1381.00 1381.00 1381.00 297.90 EUR/Month [+]
Minimum Wages 607.00 607.00 607.00 92.14 EUR/Month [+]
Population 2.79 2.81 3.71 2.76 Million [+]
Retirement Age Women 63.00 62.67 63.00 59.00 [+]
Retirement Age Men 64.00 63.83 64.00 62.50 [+]
Productivity 116.00 114.90 116.00 41.70 points [+]
Part Time Employment 78.70 85.00 169.90 78.70 Thousand [+]
Employment Change -2.70 1.60 3.70 -4.10 percent [+]
Employment Rate 71.40 73.00 73.20 56.30 percent [+]
Full Time Employment 1214.10 1239.20 1334.10 1096.00 Thousand [+]