Labour Costs in Slovakia increased to 129.80 points in the fourth quarter of 2019 from 115.30 points in the third quarter of 2019.

Labour Costs in Slovakia averaged 90.64 points from 1995 until 2019, reaching an all time high of 129.80 points in the fourth quarter of 2019 and a record low of 47.30 points in the first quarter of 1995. This page provides - Slovakia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Unit Labour Costs - values, historical data and charts - was last updated on June of 2020.

Labour Costs in Slovakia is expected to be 123.94 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Slovakia to stand at 118.31 in 12 months time. In the long-term, the Slovakia Unit Labour Costs is projected to trend around 121.62 points in 2021 and 125.03 points in 2022, according to our econometric models.

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Slovakia Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
129.80 115.30 129.80 47.30 1995 - 2019 points Quarterly
NSA, 2010=100

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 6.60 5.20 19.79 4.88 percent [+]
Employed Persons 2591.20 2585.10 2591.20 2083.50 Thousand [+]
Unemployed Persons 180756.00 142993.00 533676.00 134124.00 [+]
Labor Force Participation Rate 94.40 94.10 94.40 79.40 percent [+]
Long Term Unemployment Rate 3.30 3.30 12.50 3.30 percent [+]
Youth Unemployment Rate 16.10 15.70 39.90 13.10 percent [+]
Productivity 107.70 106.60 107.70 45.00 points [+]
Labour Costs 129.80 115.30 129.80 47.30 points [+]
Wages 1156.00 1136.00 1381.00 349.00 EUR/Month [+]
Wages in Manufacturing 1117.00 1110.00 1365.00 341.00 EUR/Month [+]
Minimum Wages 520.00 520.00 520.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.42 62.17 62.42 62.00 [+]
Retirement Age Men 62.42 62.17 62.42 62.00 [+]
Part Time Employment 120.10 118.50 148.90 35.10 Thousand [+]
Living Wage Family 640.00 635.00 640.00 635.00 EUR/Month [+]
Living Wage Individual 450.00 445.00 450.00 445.00 EUR/Month [+]
Wage Growth 6.90 4.70 14.70 -33.10 percent [+]
Wages Low Skilled 678.00 542.00 678.00 518.00 EUR/Month [+]
Wages High Skilled 1250.00 945.00 1250.00 884.00 EUR/Month [+]
Employment Change 0.10 0.20 1.90 -1.40 percent [+]
Employment Rate 68.50 68.50 68.60 56.10 percent [+]
Full Time Employment 2428.50 2427.20 2446.40 1877.10 Thousand [+]