The real average wages in Slovakia increased 7.0 percent from a year earlier in the second quarter of 2019, accelerating from a 4.6 percent rise in the previous three-month period. It was the highest gain in wages since the third quarter of 2005. The average nominal monthly wage jumped 9.7 percent year-on-year to EUR 1,101. The highest level of the average monthly wage was registered in the sector of financial and insurance activities (EUR 2,070); information & communication (EUR 1,921); and in electricity, gas & steam supply (EUR 1,897); while the lowest was recorded in accommodation & food service activities (EUR 657); other service activities (EUR 701) and in construction (EUR 740). Wage Growth in Slovakia averaged 1.40 percent from 1991 until 2019, reaching an all time high of 14.70 percent in the third quarter of 1992 and a record low of -33.10 percent in the first quarter of 1991.

Wage Growth in Slovakia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Slovakia to stand at 3.20 in 12 months time. In the long-term, the Slovakia Real Wage Growth is projected to trend around 2.80 percent in 2020, according to our econometric models.

Slovakia Real Wage Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-07 08:00 AM Real Wages YoY Q3 3.3% 3.5% 3.6%
2019-03-07 08:00 AM Real Wages YoY Q4 3.5% 3.3% 3.7%
2019-06-07 07:00 AM Real Wages YoY Q1 4.6% 3.5% 3.3%
2019-09-06 07:00 AM Real Wages YoY Q2 7.0% 4.6% 3.5%
2019-12-06 08:00 AM Real Wages YoY Q3 7.0% 3.5%


Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 5.00 19.79 4.90 percent [+]
Employed Persons 2569.90 2588.40 2589.30 2083.50 Thousand [+]
Unemployed Persons 136973.00 136626.00 533676.00 134124.00 [+]
Labor Force Participation Rate 94.30 94.20 94.30 79.40 percent [+]
Long Term Unemployment Rate 3.50 3.70 12.50 3.50 percent [+]
Youth Unemployment Rate 12.10 12.40 39.90 12.10 percent [+]
Productivity 119.60 111.70 130.70 56.70 Index Points [+]
Labour Costs 120.10 120.50 121.40 46.90 Index Points [+]
Wages 1158.00 1125.00 1319.00 349.00 EUR/Month [+]
Wages in Manufacturing 1136.00 1111.00 1305.00 341.00 EUR/Month [+]
Minimum Wages 520.00 480.00 520.00 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 108.20 110.00 148.90 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 7.00 4.60 14.70 -33.10 percent [+]
Employment Change 0.30 0.40 1.90 -1.40 percent [+]
Employment Rate 68.60 68.20 68.60 56.10 percent [+]
Full Time Employment 2441.60 2446.40 2446.40 1877.10 Thousand [+]


Slovakia Real Wage Growth

This page provides - Slovakia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Real Wage Growth - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 4.60 14.70 -33.10 1991 - 2019 percent Quarterly
NSA




Country Last Previous
Argentina 2.60 Jun/19
Australia 2.30 Jun/19
Canada 2.50 Jun/19
Euro Area 2.70 Jun/19
France 0.80 Mar/19
Germany 1.20 Mar/19
Italy 0.70 Jul/19
Japan -0.30 Jul/19
Netherlands 2.68 Aug/19
Russia 3.00 Aug/19
Spain 4.92 Jul/19
Switzerland 0.50 Jun/19
United Kingdom 4.00 Jul/19
United States 5.20 Jul/19


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