Labour Costs in Slovakia decreased to 130.90 points in the second quarter of 2020 from 134.80 points in the first quarter of 2020.

Labour Costs in Slovakia averaged 91.46 points from 1995 until 2020, reaching an all time high of 134.80 points in the first quarter of 2020 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 October of 2020.

Labour Costs in Slovakia is expected to be 119.34 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 139.65 in 12 months time. In the long-term, the Slovakia Unit Labour Costs is projected to trend around 138.24 points in 2021 and 142.11 points in 2022, according to our econometric models.

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Slovakia Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
130.90 134.80 134.80 47.30 1995 - 2020 points Quarterly
NSA, 2010=100

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 7.60 19.79 4.88 percent [+]
Employed Persons 2504.50 2552.30 2591.20 2083.50 Thousand [+]
Unemployed Persons 203649.00 198256.00 533676.00 134124.00 [+]
Labor Force Participation Rate 93.40 94.00 94.40 79.40 percent [+]
Long Term Unemployment Rate 3.50 3.30 12.50 3.30 percent [+]
Youth Unemployment Rate 19.40 19.80 39.90 13.10 percent [+]
Productivity 113.90 106.20 113.90 45.00 points [+]
Labour Costs 130.90 134.80 134.80 47.30 points [+]
Wages 1121.00 1157.00 1381.00 349.00 EUR/Month [+]
Wages in Manufacturing 1103.00 1132.00 1365.00 341.00 EUR/Month [+]
Minimum Wages 580.00 580.00 580.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.67 62.50 62.67 62.00 [+]
Retirement Age Men 62.67 62.50 62.67 62.00 [+]
Wage Growth 3.00 3.30 14.70 -33.10 percent [+]
Part Time Employment 118.30 111.70 148.90 35.10 Thousand [+]
Employment Change -1.10 -0.80 1.90 -1.40 percent [+]
Employment Rate 66.80 68.00 68.60 56.10 percent [+]
Full Time Employment 2292.00 2341.90 2446.40 1877.10 Thousand [+]