Minimum Wages in Albania remained unchanged at 26000 ALL/Month in the second quarter of 2020 from 26000 ALL/Month in the first quarter of 2020.

Minimum Wages in Albania averaged 14947.04 ALL/Month from 1993 until 2020, reaching an all time high of 26000 ALL/Month in the first quarter of 2019 and a record low of 1200 ALL/Month in the fourth quarter of 1993. This page provides - Albania Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Albania Minimum Monthly Wage - values, historical data and charts - was last updated on October of 2020.

Minimum Wages in Albania is expected to be 27000.00 ALL/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Albania to stand at 27000.00 in 12 months time. In the long-term, the Albania Minimum Monthly Wage is projected to trend around 28000.00 ALL/Month in 2021, according to our econometric models.

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Albania Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
26000.00 26000.00 26000.00 1200.00 1993 - 2020 ALL/Month Quarterly
Current Prices, NSA

Albania Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.50 11.90 22.30 11.60 percent [+]
Employed Persons 1105.00 1134.00 1162.00 892.00 Thousand [+]
Unemployed Persons 85.00 67.00 301.00 64.00 Thousand [+]
Labor Force Participation Rate 68.10 69.60 69.80 57.90 percent [+]
Wages 54149.00 53232.00 54149.00 3084.00 ALL/Month [+]
Minimum Wages 26000.00 26000.00 26000.00 1200.00 ALL/Month [+]
Population 2.86 2.87 3.37 1.58 Million [+]
Retirement Age Women 60.67 60.50 60.67 50.00 [+]
Retirement Age Men 65.00 65.00 65.00 55.00 [+]
Youth Unemployment Rate 21.40 20.00 34.20 20.00 percent [+]
Employment Rate 59.60 61.40 61.60 47.10 percent [+]