Minimum Wages in Romania decreased to 460.77 EUR/Month in the third quarter of 2020.

Minimum Wages in Romania averaged 172.07 EUR/Month from 1999 until 2020, reaching an all time high of 466.23 EUR/Month in the first quarter of 2020 and a record low of 24.53 EUR/Month in the second quarter of 2000. This page provides - Romania Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Gross Minimum Monthly Wage - values, historical data and charts - was last updated on October of 2020.

Minimum Wages in Romania is expected to be 535.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Romania to stand at 550.00 in 12 months time. In the long-term, the Romania Gross Minimum Monthly Wage is projected to trend around 550.00 EUR/Month in 2021, according to our econometric models.

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Romania Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
460.77 466.23 466.23 24.53 1999 - 2020 EUR/Month Quarterly

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.30 5.40 8.70 3.70 percent [+]
Employed Persons 4895.50 4897.00 8496.00 4095.20 Thousand [+]
Unemployed Persons 286.70 283.90 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.50 1.60 5.30 1.50 percent [+]
Youth Unemployment Rate 16.90 16.90 25.50 15.30 percent [+]
Labour Costs 157.10 165.40 165.40 2.10 points [+]
Job Vacancies 0.71 0.84 2.14 0.50 percent [+]
Wages 5468.00 5369.00 5468.00 1.02 RON/Month [+]
Wages in Manufacturing 4609.00 4539.00 4772.00 203.00 RON/Month [+]
Minimum Wages 460.77 466.23 466.23 24.53 EUR/Month [+]
Population 19.41 19.53 23.21 18.32 Million [+]
Retirement Age Women 60.92 60.67 60.92 57.92 [+]
Retirement Age Men 65.00 65.00 65.00 62.92 [+]
Labor Force Participation Rate 55.10 54.50 67.80 52.70 percent [+]
Part Time Employment 543.10 473.20 1458.10 473.20 Thousand [+]
Productivity 109.40 121.20 121.60 40.50 points [+]
Wage Growth 2.20 1.90 283.30 -1.90 percent [+]
Full Time Employment 7705.80 7801.70 8640.40 7228.10 Thousand [+]
Employment Change -1.90 -0.40 3.60 -10.40 percent [+]
Employment Rate 65.20 66.00 69.10 55.40 percent [+]