Labour Costs in Slovakia increased to 136 points in the first quarter of 2021 from 135.20 points in the fourth quarter of 2020. source: EUROSTAT

Labour Costs in Slovakia averaged 92.55 points from 1995 until 2021, reaching an all time high of 136 points in the first quarter of 2021 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 June of 2021.

Labour Costs in Slovakia is expected to be 138.36 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 139.53 in 12 months time. In the long-term, the Slovakia Unit Labour Costs is projected to trend around 143.16 points in 2022 and 147.16 points in 2023, according to our econometric models.

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Slovakia Unit Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
136.00 135.20 136.00 47.30 1995 - 2021 points Quarterly
NSA, 2010=100

Slovakia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.00 19.79 4.88 percent [+]
Employed Persons 2501.80 2538.90 2591.20 2083.50 Thousand [+]
Unemployed Persons 217162.00 219293.00 533676.00 134124.00 [+]
Labor Force Participation Rate 92.90 93.00 94.40 79.40 percent [+]
Long Term Unemployment Rate 2.90 3.50 12.50 2.90 percent [+]
Youth Unemployment Rate 20.80 20.80 39.90 13.10 percent [+]
Productivity 116.20 115.30 116.20 45.00 points [+]
Labour Costs 136.00 135.20 136.00 47.30 points [+]
Wages 1263.00 1233.00 1494.00 349.00 EUR/Month [+]
Wages in Manufacturing 1246.00 1206.00 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 2.50 4.20 14.70 -33.10 percent [+]
Part Time Employment 108.90 111.20 148.90 35.10 Thousand [+]
Employment Change 0.20 0.00 1.90 -1.80 percent [+]
Employment Rate 67.80 67.50 68.60 56.10 percent [+]
Full Time Employment 2390.40 2377.70 2446.40 1877.10 Thousand [+]