Living Wage Family in Slovakia increased to 640 EUR/Month in 2018 from 635 EUR/Month in 2017.

Living Wage Family in Slovakia averaged 637.50 EUR/Month from 2015 until 2018, reaching an all time high of 640 EUR/Month in 2016 and a record low of 635 EUR/Month in 2015. Slovakia Living Wage Family - values, historical data and charts - was last updated on August of 2020.

Living Wage Family in Slovakia is expected to reach 663.04 EUR/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Living Wage Family is projected to trend around 681.61 EUR/Month in 2021 and 700.69 EUR/Month in 2022, according to our econometric models.

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Slovakia Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
640.00 635.00 640.00 635.00 2015 - 2018 EUR/Month yearly

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 7.20 19.79 4.88 percent [+]
Employed Persons 2552.30 2591.20 2591.20 2083.50 Thousand [+]
Unemployed Persons 203586.00 198256.00 533676.00 134124.00 [+]
Labor Force Participation Rate 94.00 94.40 94.40 79.40 percent [+]
Long Term Unemployment Rate 3.50 3.30 12.50 3.30 percent [+]
Youth Unemployment Rate 18.10 17.80 39.90 13.10 percent [+]
Productivity 106.20 107.70 107.70 45.00 points [+]
Labour Costs 134.80 129.80 134.80 47.30 points [+]
Wages 1231.00 1083.00 1381.00 349.00 EUR/Month [+]
Wages in Manufacturing 1209.00 1060.00 1365.00 341.00 EUR/Month [+]
Minimum Wages 520.00 520.00 520.00 69.43 EUR/Month [+]
Population 5.46 5.45 5.46 3.39 Million [+]
Retirement Age Women 62.42 62.17 62.42 62.00 [+]
Retirement Age Men 62.42 62.17 62.42 62.00 [+]
Wage Growth 3.30 3.90 14.70 -33.10 percent [+]
Part Time Employment 111.70 120.10 148.90 35.10 Thousand [+]
Employment Change -0.50 -0.10 1.90 -1.40 percent [+]
Employment Rate 68.00 68.50 68.60 56.10 percent [+]
Full Time Employment 2341.90 2428.50 2446.40 1877.10 Thousand [+]


Slovakia Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.