Labour Costs in Estonia decreased to 116.52 points in the fourth quarter of 2019 from 118.29 points in the third quarter of 2019.

Labour Costs in Estonia averaged 69.97 points from 1993 until 2019, reaching an all time high of 126.05 points in the second quarter of 2019 and a record low of 29.81 points in the first quarter of 1993. This page provides - Estonia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Labour Costs - values, historical data and charts - was last updated on May of 2020.

Labour Costs in Estonia is expected to be 131.27 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 121.48 in 12 months time. In the long-term, the Estonia Labour Costs is projected to trend around 127.71 points in 2021 and 134.17 points in 2022, according to our econometric models.

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Estonia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
116.52 118.29 126.05 29.81 1993 - 2019 points Quarterly
2010=100, NSA

Estonia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.00 4.10 19.50 0.50 percent [+]
Employed Persons 670.30 678.50 839.10 551.60 Thousand [+]
Unemployed Persons 48.54 40.92 95.00 12.00 Thousand [+]
Long Term Unemployment Rate 0.70 0.60 8.30 0.60 percent [+]
Youth Unemployment Rate 9.60 8.60 40.40 6.60 percent [+]
Labour Costs 116.52 118.29 126.05 29.81 points [+]
Job Vacancies 3.82 3.36 9.53 0.51 Thousand [+]
Wages 1472.00 1397.00 1472.00 7.35 EUR/Month [+]
Wages in Manufacturing 1383.00 1345.00 1383.00 281.91 EUR/Month [+]
Wage Growth 6.30 8.20 21.20 -6.50 percent [+]
Minimum Wages 540.00 540.00 540.00 79.89 EUR/Month [+]
Population 1.33 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 71.70 72.10 72.30 61.20 percent [+]
Part Time Employment 75.30 65.10 76.70 32.40 Thousand [+]
Productivity 116.80 118.20 118.20 50.60 points [+]
Full Time Employment 565.50 575.70 599.00 476.80 Thousand [+]
Employment Change 1.30 1.00 3.40 -5.30 percent [+]
Employment Rate 68.10 69.20 76.50 53.10 percent [+]