The real average wage in Slovakia rose 3.5 percent year-on-year in the fourth quarter of 2018, following a 3.3 percent gain in the previous period. The average nominal monthly wage increased 5.8 percent to EUR 1010. The highest level of the average monthly wage was registered in the information and communication (EUR 1 975), financial and insurance activities (EUR 1 856) and in electricity, gas and steam supply (EUR 1 806). Meantime, the lowest average nominal wage was recorded in accommodation and food service activities (EUR 657), other service activities (EUR 733) and in construction (EUR 756). Wage Growth in Slovakia averaged 1.34 percent from 1991 until 2018, reaching an all time high of 14.70 percent in the third quarter of 1992 and a record low of -33.10 percent in the first quarter of 1991.

Wage Growth in Slovakia is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Slovakia to stand at 3.60 in 12 months time. In the long-term, the Slovakia Real Wage Growth is projected to trend around 3.30 percent in 2020, according to our econometric models.

Slovakia Real Wage Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-07 07:00 AM Real Wages YoY 4.1% 3.3% 3%
2018-09-07 07:00 AM Real Wages YoY 3.5% 4.1% 3.8%
2018-12-07 08:00 AM Real Wages YoY 3.3% 3.5% 3.6%
2019-03-07 08:00 AM Real Wages YoY 3.5% 3.3% 3.7%
2019-06-07 07:00 AM Real Wages YoY 3.5% 3.3%
2019-09-06 07:00 AM Real Wages YoY 3.5%
2019-12-06 08:00 AM Real Wages YoY 3.6%


Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.90 5.00 19.79 4.90 percent [+]
Employed Persons 2589.30 2579.00 2589.30 2083.50 Thousand [+]
Unemployed Persons 134790.00 137962.00 533676.00 134790.00 [+]
Labor Force Participation Rate 93.90 93.60 93.90 79.40 percent [+]
Long Term Unemployment Rate 3.70 3.90 12.50 3.70 percent [+]
Youth Unemployment Rate 11.80 11.60 39.90 11.60 percent [+]
Labour Costs 121.40 106.00 121.40 46.90 Index Points [+]
Productivity 123.70 130.70 130.70 56.70 Index Points [+]
Wages 1143.00 1083.00 1319.00 349.00 EUR/Month [+]
Wages in Manufacturing 1123.00 1063.00 1305.00 341.00 EUR/Month [+]
Minimum Wages 520.00 480.00 520.00 69.43 EUR/Month [+]
Population 5.44 5.44 5.44 4.14 Million [+]
Retirement Age Women 62.42 62.17 62.42 62.00 [+]
Retirement Age Men 62.42 62.17 62.42 62.00 [+]
Living Wage Family 640.00 635.00 640.00 635.00 EUR/Month [+]
Living Wage Individual 450.00 445.00 450.00 445.00 EUR/Month [+]
Part Time Employment 110.00 121.60 148.90 35.10 Thousand [+]
Wage Growth 3.50 3.30 14.70 -33.10 percent [+]
Wages Low Skilled 678.00 542.00 678.00 518.00 EUR/Month [+]
Wages High Skilled 1250.00 945.00 1250.00 884.00 EUR/Month [+]
Employment Change 0.30 0.40 1.90 -1.40 percent [+]
Employment Rate 68.20 67.90 68.20 56.10 percent [+]
Full Time Employment 2446.40 2424.70 2446.40 1877.10 Thousand [+]


Slovakia Real Wage Growth

This page provides - Slovakia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Real Wage Growth - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.30 14.70 -33.10 1991 - 2018 percent Quarterly
NSA




Country Last Previous
Argentina 2.74 Feb/19
Australia 2.30 Mar/19
Canada 1.10 Feb/19
Euro Area 2.30 Dec/18
France 0.40 Jun/18
Germany 1.40 Dec/18
Italy 1.50 Mar/19
Japan -1.90 Mar/19
Netherlands 2.34 Apr/19
Russia 1.60 Apr/19
Switzerland 0.50 Mar/19
United Kingdom 3.20 Mar/19
United States 4.19 Mar/19


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