Labour Costs in Estonia decreased to 172.89 points in the third quarter of 2024 from 188.50 points in the second quarter of 2024. Labour Costs in Estonia averaged 82.25 points from 1993 until 2024, reaching an all time high of 188.50 points in the second quarter of 2024 and a record low of 29.81 points in the first quarter of 1993. source: European Central Bank

Labour Costs in Estonia is expected to be 177.73 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Labour Costs is projected to trend around 183.42 points in 2025 and 186.90 points in 2026, according to our econometric models.




Related Last Previous Unit Reference
Average Hourly Earnings 11.56 11.81 EUR/Hour Sep 2024
Employed Persons 700.00 706.50 Thousand Sep 2024
Employment Change -1.20 0.70 percent Sep 2024
Employment Rate 69.10 69.70 percent Sep 2024
Full Time Employment 566.80 572.60 Thousand Sep 2024
Job Vacancies 3.42 3.83 Thousand Oct 2024
Labor Force Participation Rate 74.60 75.40 percent Sep 2024
Labour Costs 172.89 188.50 points Sep 2024
Long Term Unemployment Rate 2.10 1.90 percent Sep 2024
Minimum Wages 820.00 820.00 EUR/Month Dec 2024
Part Time Employment 87.90 88.70 Thousand Sep 2024
Population 1.37 1.33 Million Dec 2023
Productivity 116.30 114.24 points Sep 2024
Retirement Age Men 64.75 64.50 Years Dec 2024
Retirement Age Women 64.75 64.50 Years Dec 2024
Unemployed Persons 47.65 47.15 Thousand Nov 2024
Unemployment Rate 7.40 7.60 percent Sep 2024
Wage Growth 8.10 7.20 percent Sep 2024
Wages 1959.00 2007.00 EUR/Month Sep 2024
Wages in Manufacturing 1834.00 1850.00 EUR/Month Sep 2024
Youth Unemployment Rate 16.60 16.70 percent Nov 2024

Estonia Labour Costs
Actual Previous Highest Lowest Dates Unit Frequency
172.89 188.50 188.50 29.81 1993 - 2024 points Quarterly
2015=100, NSA