Wages in Romania increased 2.20 percent in May of 2020 over the same month in the previous year.

Wage Growth in Romania averaged 42.83 percent from 1992 until 2020, reaching an all time high of 283.30 percent in August of 1993 and a record low of -1.90 percent in October of 2010. This page provides - Romania Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Romania Gross Wage Growth - values, historical data and charts - was last updated on August of 2020.

Wage Growth in Romania is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Romania to stand at 4.50 in 12 months time. In the long-term, the Romania Gross Wage Growth is projected to trend around 5.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.

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Romania Gross Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
2.20 1.90 283.30 -1.90 1992 - 2020 percent Monthly

Romania Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.20 5.20 8.70 3.70 percent [+]
Employed Persons 4892.90 4908.60 8496.00 4095.20 Thousand [+]
Unemployed Persons 260.70 249.60 1291.30 65.30 Thousand [+]
Long Term Unemployment Rate 1.60 1.50 5.30 1.50 percent [+]
Youth Unemployment Rate 17.40 17.40 25.50 15.30 percent [+]
Labour Costs 165.40 113.80 165.40 2.10 points [+]
Job Vacancies 0.84 0.95 2.14 0.50 percent [+]
Wages 5188.00 5201.00 5465.00 1.02 RON/Month [+]
Wages in Manufacturing 4205.00 4175.00 4772.00 203.00 RON/Month [+]
Minimum Wages 446.02 446.02 446.02 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 55.80 67.80 52.70 percent [+]
Part Time Employment 498.10 504.20 1458.10 495.80 Thousand [+]
Productivity 121.20 121.60 121.60 40.50 points [+]
Wage Growth 2.20 1.90 283.30 -1.90 percent [+]
Full Time Employment 7899.80 7978.20 8640.40 7228.10 Thousand [+]
Employment Change -0.10 0.60 3.60 -10.40 percent [+]
Employment Rate 65.40 66.00 69.10 55.40 percent [+]


Romania Gross Wage Growth
In Romania, wage growth refers to year over year changes in gross average monthly earnings.