Albania Minimum Monthly Wage  Forecast 2016-2020

Minimum Wages in Albania is expected to be 22087.01 ALL/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Albania to stand at 22211.18 in 12 months time. In the long-term, the Albania Minimum Monthly Wage is projected to trend around 22698.34 ALL/Month in 2020, according to our econometric models.

Albania Minimum Monthly Wage
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Forecast Actual Q1/17 Q2/17 Q3/17 Q4/17 2020 Unit
Minimum Wages 22000 22087 22141 22181 22211 22698 ALL/Month
Albania Minimum Monthly Wage Forecasts are projected using an autoregressive integrated moving average (ARIMA) model calibrated using our analysts expectations. We model the past behaviour of Albania Minimum Monthly Wage using vast amounts of historical data and we adjust the coefficients of the econometric model by taking into account our analysts assessments and future expectations. The forecast for - Albania Minimum Monthly Wage - was last predicted on Thursday, March 23, 2017.
Albania Labour Last Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 14.5 14.2 13.8 13.6 13.2 11.5
Unemployed Persons 101 89.89 80.77 73.75 69.21 122
Employed Persons 1052 1051 1050 1048 1049 1049
Labor Force Participation Rate 65.7 64.54 64.3 63.73 63.22 64.14
Wages 54600 54967 55244 55455 55634 58177
Minimum Wages 22000 22087 22141 22181 22211 22698
Population 2.88 2.88 2.88 2.87 2.87 2.86
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 65 65 65 65 65 65
Youth Unemployment Rate 28.1 27.11 26.53 25.88 26.45 24.85
Employment Rate 56.2 55.69 55.96 55.49 55.22 55.31