Labour Costs in Lithuania increased to 148.40 points in the first quarter of 2021 from 136.90 points in the fourth quarter of 2020. source: Statistics Lithuania

Labour Costs in Lithuania averaged 78.30 points from 2000 until 2021, reaching an all time high of 148.40 points in the first quarter of 2021 and a record low of 35.90 points in the first quarter of 2000. This page provides - Lithuania Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Labour Costs - values, historical data and charts - was last updated on August of 2021.

Labour Costs in Lithuania is expected to be 160.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Lithuania to stand at 165.11 in 12 months time. In the long-term, the Lithuania Labour Costs is projected to trend around 170.16 points in 2022 and 172.57 points in 2023, according to our econometric models.

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Lithuania Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
148.40 136.90 148.40 35.90 2000 - 2021 points Quarterly
2016=100, SA

Lithuania Labour Last Previous Highest Lowest Unit
Unemployment Rate 12.90 13.80 16.40 2.70 percent [+]
Employed Persons 1351.80 1352.40 1497.40 1221.90 Thousand [+]
Unemployed Persons 223.69 239.51 330.58 58.20 Thousand [+]
Labor Force Participation Rate 61.70 62.70 63.00 54.70 percent [+]
Long Term Unemployment Rate 2.60 2.50 10.80 0.80 percent [+]
Youth Unemployment Rate 10.00 10.80 36.20 7.60 percent [+]
Labour Costs 148.40 136.90 148.40 35.90 points [+]
Job Vacancies 20982.00 15648.00 26118.00 4157.00 [+]
Wages 1517.40 1524.20 1524.20 297.90 EUR/Month [+]
Wages in Manufacturing 1517.40 1524.20 1524.20 297.90 EUR/Month [+]
Minimum Wages 642.00 642.00 642.00 92.14 EUR/Month [+]
Population 2.79 2.79 3.71 2.76 Million [+]
Retirement Age Women 63.00 62.67 63.00 59.00 [+]
Retirement Age Men 64.00 63.83 64.00 62.50 [+]
Productivity 121.00 120.60 121.00 41.70 points [+]
Part Time Employment 88.60 79.20 169.90 75.40 Thousand [+]
Employment Change 0.80 0.50 3.90 -3.40 percent [+]
Employment Rate 71.40 70.70 73.20 56.30 percent [+]
Full Time Employment 1208.30 1214.00 1334.10 1096.00 Thousand [+]