Labour Costs in Estonia decreased to 118.29 Index Points in the third quarter of 2019 from 126.05 Index Points in the second quarter of 2019. Labour Costs in Estonia averaged 69.53 Index Points from 1993 until 2019, reaching an all time high of 126.05 Index Points in the second quarter of 2019 and a record low of 29.81 Index Points in the first quarter of 1993.

Labour Costs in Estonia is expected to be 122.36 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Estonia to stand at 123.26 in 12 months time. In the long-term, the Estonia Labour Costs is projected to trend around 136.22 points in 2020, according to our econometric models.

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Estonia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
118.29 126.05 126.05 29.81 1993 - 2019 points Quarterly
2010=100, NSA

Estonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 5.10 19.50 0.50 percent [+]
Employed Persons 677.30 667.70 839.10 551.60 Thousand [+]
Unemployed Persons 34.48 33.29 95.00 12.00 Thousand [+]
Long Term Unemployment Rate 1.10 1.10 8.30 0.80 percent [+]
Youth Unemployment Rate 9.00 10.20 42.70 6.60 percent [+]
Labour Costs 118.29 126.05 126.05 29.81 points [+]
Job Vacancies 2.31 3.42 9.53 0.51 Thousand [+]
Wages 1397.00 1419.00 1419.00 7.35 EUR/Month [+]
Wages in Manufacturing 1345.00 1354.00 1354.00 281.91 EUR/Month [+]
Wage Growth 7.40 8.00 21.20 -6.50 percent [+]
Minimum Wages 540.00 540.00 540.00 79.89 EUR/Month [+]
Population 1.32 1.32 1.57 1.21 Million [+]
Retirement Age Women 63.50 63.25 63.50 60.50 [+]
Retirement Age Men 63.50 63.25 63.50 63.00 [+]
Labor Force Participation Rate 71.90 71.70 72.30 61.20 percent [+]
Productivity 126.40 120.10 126.40 58.50 points [+]
Part Time Employment 69.80 76.70 76.70 32.40 Thousand [+]
Full Time Employment 560.30 548.20 599.00 476.80 Thousand [+]
Employment Change 1.00 -0.40 3.40 -5.30 percent [+]
Employment Rate 69.00 68.10 76.50 53.10 percent [+]