Labour Costs in Slovakia decreased to 114.20 Index Points in the third quarter of 2019 from 120.10 Index Points in the second quarter of 2019. Labour Costs in Slovakia averaged 89.45 Index Points from 1995 until 2019, reaching an all time high of 121.40 Index Points in the fourth quarter of 2018 and a record low of 46.90 Index Points in the first quarter of 1995.

Labour Costs in Slovakia is expected to be 125.02 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 125.03 points in 2020, according to our econometric models.


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Slovakia Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
114.20 120.10 121.40 46.90 1995 - 2019 points Quarterly
NSA, 2010=100

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.92 4.92 19.79 4.88 percent [+]
Employed Persons 2585.10 2569.90 2589.30 2083.50 Thousand [+]
Unemployed Persons 135517.00 135507.00 533676.00 134124.00 [+]
Labor Force Participation Rate 94.10 94.30 94.30 79.40 percent [+]
Long Term Unemployment Rate 3.30 3.30 12.50 3.30 percent [+]
Youth Unemployment Rate 16.70 16.10 39.90 13.30 percent [+]
Productivity 128.10 119.60 130.70 56.70 points [+]
Labour Costs 114.20 120.10 121.40 46.90 points [+]
Wages 1371.00 1132.00 1371.00 349.00 EUR/Month [+]
Wages in Manufacturing 1354.00 1109.00 1354.00 341.00 EUR/Month [+]
Minimum Wages 520.00 520.00 520.00 69.43 EUR/Month [+]
Population 5.45 5.44 5.45 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 [+]
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 [+]
Part Time Employment 118.50 111.00 148.90 35.10 Thousand [+]
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 [+]
Wage Growth 4.70 7.00 14.70 -33.10 percent [+]
Employment Change 0.20 0.30 1.90 -1.40 percent [+]
Employment Rate 68.50 68.10 68.60 56.10 percent [+]
Full Time Employment 2427.20 2420.10 2446.40 1877.10 Thousand [+]