Labour Costs in Malta increased to 131.33 points in the first quarter of 2021 from 126.47 points in the fourth quarter of 2020. source: European Central Bank

Labour Costs in Malta averaged 93.58 points from 2000 until 2021, reaching an all time high of 141.60 points in the second quarter of 2020 and a record low of 64.45 points in the third quarter of 2000. This page provides - Malta Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malta Labour Costs - values, historical data and charts - was last updated on August of 2021.

Labour Costs in Malta is expected to be 116.21 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Malta to stand at 110.53 in 12 months time. In the long-term, the Malta Labour Costs is projected to trend around 110.70 points in 2022 and 110.76 points in 2023, according to our econometric models.

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Malta Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
131.33 126.47 141.60 64.45 2000 - 2021 points Quarterly
2010=100, NSA

Malta Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.40 8.24 3.50 percent [+]
Employed Persons 232900.00 233649.00 233649.00 128206.00 [+]
Unemployed Persons 2001.00 2248.00 8830.00 1616.00 [+]
Long Term Unemployment Rate 0.70 1.10 4.30 0.70 percent [+]
Youth Unemployment Rate 7.70 7.40 19.90 7.40 percent [+]
Labour Costs 131.33 126.47 141.60 64.45 points [+]
Wages 221412.00 1554.69 221412.00 1490.67 EUR/Year [+]
Minimum Wages 784.68 784.68 784.68 464.93 EUR/Month [+]
Population 0.51 0.49 0.51 0.30 Million [+]
Retirement Age Women 63.00 63.00 63.00 60.00 [+]
Retirement Age Men 63.00 63.00 63.00 61.00 [+]
Labor Force Participation Rate 62.20 62.30 62.90 48.40 percent [+]
Part Time Employment 27.30 27.90 32.40 8.60 Thousand [+]
Productivity 93.50 96.60 104.10 70.70 points [+]
Full Time Employment 229.90 226.90 230.30 132.80 Thousand [+]
Employment Change -0.50 -0.20 2.60 -1.40 percent [+]
Employment Rate 73.80 73.60 74.60 53.00 percent [+]