Labour Costs in Croatia decreased to 97.20 Index Points in the second quarter of 2019 from 97.50 Index Points in the first quarter of 2019. Labour Costs in Croatia averaged 89.78 Index Points from 2000 until 2019, reaching an all time high of 104.20 Index Points in the first quarter of 2011 and a record low of 70.50 Index Points in the third quarter of 2001.

Labour Costs in Croatia is expected to be 100.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Croatia to stand at 100.02 in 12 months time. In the long-term, the Croatia Labour Costs is projected to trend around 105.08 points in 2020, according to our econometric models.

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Croatia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
97.20 97.50 104.20 70.50 2000 - 2019 points Quarterly
NSA, 2010=100

Croatia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.70 7.20 23.60 6.70 percent [+]
Employed Persons 1704.00 1678.00 1704.00 1344.00 Thousand [+]
Unemployed Persons 128450.00 121597.00 415352.00 112169.00 [+]
Long Term Unemployment Rate 1.90 3.20 11.40 1.90 percent [+]
Youth Unemployment Rate 17.00 17.00 49.80 17.00 percent [+]
Labour Costs 97.20 97.50 104.20 70.50 points [+]
Productivity 103.60 103.90 111.30 92.40 points [+]
Wages 6496.00 6418.00 6496.00 13.00 HRK/Month [+]
Wages in Manufacturing 5984.00 5854.00 6062.00 4443.00 HRK/Month [+]
Minimum Wages 505.90 505.90 505.90 372.35 EUR/Month [+]
Population 4.11 4.15 4.78 4.11 Million [+]
Retirement Age Women 62.00 61.75 62.00 60.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Part Time Employment 78.00 85.20 127.20 69.40 Thousand [+]
Living Wage Family 10500.00 9890.00 10500.00 9200.00 HRK/Month [+]
Living Wage Individual 7020.00 6510.00 7020.00 5880.00 HRK/Month [+]
Wages Low Skilled 3740.00 4250.00 4340.00 3740.00 HRK/Month [+]
Wages High Skilled 7340.00 8530.00 8730.00 7340.00 HRK/Month [+]
Wage Growth 3.60 2.80 1893.30 -2.10 percent [+]
Labor Force Participation Rate 51.40 50.70 54.10 48.50 percent [+]
Full Time Employment 1565.70 1548.50 1662.00 1370.50 Thousand [+]
Employment Change -1.60 2.00 2.40 -5.10 percent [+]
Employment Rate 63.00 61.80 63.00 50.70 percent [+]