Average monthly wages in Slovakia increased 4.7 percent from a year earlier in real terms during the third quarter of 2019, following a 7.0 percent jump in the previous period. Wage Growth in Slovakia averaged 1.43 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 3.90 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 3.50 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.