Labour Costs in Slovakia decreased to 117.40 points in the third quarter of 2020 from 130.90 points in the second quarter of 2020. source: EUROSTAT

Labour Costs in Slovakia averaged 91.72 points from 1995 until 2020, reaching an all time high of 134.80 points in the first quarter of 2020 and a record low of 47.30 points in the first quarter of 1995. This page provides - Slovakia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Unit Labour Costs - values, historical data and charts - was last updated on March of 2021.

Labour Costs in Slovakia is expected to be 139.65 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Slovakia to stand at 120.69 in 12 months time. In the long-term, the Slovakia Unit Labour Costs is projected to trend around 124.07 points in 2022 and 127.54 points in 2023, according to our econometric models.

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Slovakia Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
117.40 130.90 134.80 47.30 1995 - 2020 points Quarterly
NSA, 2010=100

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.80 7.60 19.79 4.88 percent [+]
Employed Persons 2529.40 2504.50 2591.20 2083.50 Thousand [+]
Unemployed Persons 213881.00 207184.00 533676.00 134124.00 [+]
Labor Force Participation Rate 92.80 93.40 94.40 79.40 percent [+]
Long Term Unemployment Rate 2.90 3.50 12.50 2.90 percent [+]
Youth Unemployment Rate 20.50 20.40 39.90 13.10 percent [+]
Productivity 111.50 113.90 113.90 45.00 points [+]
Labour Costs 117.40 130.90 134.80 47.30 points [+]
Wages 1282.00 1494.00 1494.00 349.00 EUR/Month [+]
Wages in Manufacturing 1260.00 1481.00 1481.00 341.00 EUR/Month [+]
Minimum Wages 623.00 580.00 623.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.67 62.50 62.67 62.00 [+]
Retirement Age Men 62.67 62.50 62.67 62.00 [+]
Wage Growth 2.70 3.00 14.70 -33.10 percent [+]
Part Time Employment 111.20 118.30 148.90 35.10 Thousand [+]
Employment Change 0.20 0.00 1.90 -1.80 percent [+]
Employment Rate 67.50 66.80 68.60 56.10 percent [+]
Full Time Employment 2377.70 2292.00 2446.40 1877.10 Thousand [+]