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Price
The current value of the Wages in Slovakia is 1,630 EUR/Month. The Wages in Slovakia increased to 1,630 EUR/Month on 3/1/2024, after it was 1,506 EUR/Month on 2/1/2024. From 1/1/2000 to 4/1/2024, the average GDP in Slovakia was 874.42 EUR/Month. The all-time high was reached on 11/1/2023 with 1,891 EUR/Month, while the lowest value was recorded on 2/1/2000 with 349 EUR/Month.
Wages ·
3 years
5 years
10 years
25 Years
Max
Wages | |
---|---|
1/1/2000 | 359 EUR/Month |
2/1/2000 | 349 EUR/Month |
3/1/2000 | 382 EUR/Month |
4/1/2000 | 378 EUR/Month |
5/1/2000 | 403 EUR/Month |
6/1/2000 | 410 EUR/Month |
7/1/2000 | 401 EUR/Month |
8/1/2000 | 397 EUR/Month |
9/1/2000 | 389 EUR/Month |
10/1/2000 | 412 EUR/Month |
11/1/2000 | 470 EUR/Month |
12/1/2000 | 442 EUR/Month |
1/1/2001 | 408 EUR/Month |
2/1/2001 | 382 EUR/Month |
3/1/2001 | 413 EUR/Month |
4/1/2001 | 418 EUR/Month |
5/1/2001 | 443 EUR/Month |
6/1/2001 | 454 EUR/Month |
7/1/2001 | 439 EUR/Month |
8/1/2001 | 432 EUR/Month |
9/1/2001 | 417 EUR/Month |
10/1/2001 | 452 EUR/Month |
11/1/2001 | 520 EUR/Month |
12/1/2001 | 501 EUR/Month |
1/1/2002 | 445 EUR/Month |
2/1/2002 | 423 EUR/Month |
3/1/2002 | 446 EUR/Month |
4/1/2002 | 449 EUR/Month |
5/1/2002 | 471 EUR/Month |
6/1/2002 | 482 EUR/Month |
7/1/2002 | 479 EUR/Month |
8/1/2002 | 462 EUR/Month |
9/1/2002 | 454 EUR/Month |
10/1/2002 | 476 EUR/Month |
11/1/2002 | 546 EUR/Month |
12/1/2002 | 529 EUR/Month |
1/1/2003 | 474 EUR/Month |
2/1/2003 | 445 EUR/Month |
3/1/2003 | 470 EUR/Month |
4/1/2003 | 490 EUR/Month |
5/1/2003 | 508 EUR/Month |
6/1/2003 | 533 EUR/Month |
7/1/2003 | 505 EUR/Month |
8/1/2003 | 485 EUR/Month |
9/1/2003 | 499 EUR/Month |
10/1/2003 | 530 EUR/Month |
11/1/2003 | 594 EUR/Month |
12/1/2003 | 569 EUR/Month |
1/1/2004 | 520 EUR/Month |
2/1/2004 | 489 EUR/Month |
3/1/2004 | 531 EUR/Month |
4/1/2004 | 535 EUR/Month |
5/1/2004 | 542 EUR/Month |
6/1/2004 | 581 EUR/Month |
7/1/2004 | 562 EUR/Month |
8/1/2004 | 553 EUR/Month |
9/1/2004 | 558 EUR/Month |
10/1/2004 | 571 EUR/Month |
11/1/2004 | 667 EUR/Month |
12/1/2004 | 616 EUR/Month |
1/1/2005 | 561 EUR/Month |
2/1/2005 | 587 EUR/Month |
3/1/2005 | 580 EUR/Month |
4/1/2005 | 558 EUR/Month |
5/1/2005 | 584 EUR/Month |
6/1/2005 | 615 EUR/Month |
7/1/2005 | 583 EUR/Month |
8/1/2005 | 587 EUR/Month |
9/1/2005 | 586 EUR/Month |
10/1/2005 | 611 EUR/Month |
11/1/2005 | 711 EUR/Month |
12/1/2005 | 661 EUR/Month |
1/1/2006 | 588 EUR/Month |
2/1/2006 | 573 EUR/Month |
3/1/2006 | 609 EUR/Month |
4/1/2006 | 601 EUR/Month |
5/1/2006 | 643 EUR/Month |
6/1/2006 | 657 EUR/Month |
7/1/2006 | 634 EUR/Month |
8/1/2006 | 628 EUR/Month |
9/1/2006 | 626 EUR/Month |
10/1/2006 | 666 EUR/Month |
11/1/2006 | 769 EUR/Month |
12/1/2006 | 716 EUR/Month |
1/1/2007 | 639 EUR/Month |
2/1/2007 | 620 EUR/Month |
3/1/2007 | 653 EUR/Month |
4/1/2007 | 645 EUR/Month |
5/1/2007 | 690 EUR/Month |
6/1/2007 | 684 EUR/Month |
7/1/2007 | 678 EUR/Month |
8/1/2007 | 668 EUR/Month |
9/1/2007 | 659 EUR/Month |
10/1/2007 | 703 EUR/Month |
11/1/2007 | 817 EUR/Month |
12/1/2007 | 748 EUR/Month |
1/1/2008 | 689 EUR/Month |
2/1/2008 | 679 EUR/Month |
3/1/2008 | 704 EUR/Month |
4/1/2008 | 706 EUR/Month |
5/1/2008 | 745 EUR/Month |
6/1/2008 | 753 EUR/Month |
7/1/2008 | 745 EUR/Month |
8/1/2008 | 712 EUR/Month |
9/1/2008 | 730 EUR/Month |
10/1/2008 | 743 EUR/Month |
11/1/2008 | 832 EUR/Month |
12/1/2008 | 788 EUR/Month |
1/1/2009 | 717 EUR/Month |
2/1/2009 | 694 EUR/Month |
3/1/2009 | 725 EUR/Month |
4/1/2009 | 723 EUR/Month |
5/1/2009 | 739 EUR/Month |
6/1/2009 | 775 EUR/Month |
7/1/2009 | 752 EUR/Month |
8/1/2009 | 728 EUR/Month |
9/1/2009 | 743 EUR/Month |
10/1/2009 | 750 EUR/Month |
11/1/2009 | 862 EUR/Month |
12/1/2009 | 827 EUR/Month |
1/1/2010 | 744 EUR/Month |
2/1/2010 | 736 EUR/Month |
3/1/2010 | 779 EUR/Month |
4/1/2010 | 770 EUR/Month |
5/1/2010 | 776 EUR/Month |
6/1/2010 | 827 EUR/Month |
7/1/2010 | 787 EUR/Month |
8/1/2010 | 763 EUR/Month |
9/1/2010 | 782 EUR/Month |
10/1/2010 | 772 EUR/Month |
11/1/2010 | 925 EUR/Month |
12/1/2010 | 865 EUR/Month |
1/1/2011 | 765 EUR/Month |
2/1/2011 | 750 EUR/Month |
3/1/2011 | 809 EUR/Month |
4/1/2011 | 797 EUR/Month |
5/1/2011 | 840 EUR/Month |
6/1/2011 | 850 EUR/Month |
7/1/2011 | 815 EUR/Month |
8/1/2011 | 812 EUR/Month |
9/1/2011 | 817 EUR/Month |
10/1/2011 | 803 EUR/Month |
11/1/2011 | 954 EUR/Month |
12/1/2011 | 878 EUR/Month |
1/1/2012 | 817 EUR/Month |
2/1/2012 | 788 EUR/Month |
3/1/2012 | 838 EUR/Month |
4/1/2012 | 817 EUR/Month |
5/1/2012 | 888 EUR/Month |
6/1/2012 | 868 EUR/Month |
7/1/2012 | 849 EUR/Month |
8/1/2012 | 837 EUR/Month |
9/1/2012 | 820 EUR/Month |
10/1/2012 | 844 EUR/Month |
11/1/2012 | 987 EUR/Month |
12/1/2012 | 930 EUR/Month |
1/1/2013 | 843 EUR/Month |
2/1/2013 | 801 EUR/Month |
3/1/2013 | 869 EUR/Month |
4/1/2013 | 857 EUR/Month |
5/1/2013 | 952 EUR/Month |
6/1/2013 | 891 EUR/Month |
7/1/2013 | 900 EUR/Month |
8/1/2013 | 857 EUR/Month |
9/1/2013 | 856 EUR/Month |
10/1/2013 | 877 EUR/Month |
11/1/2013 | 1,020 EUR/Month |
12/1/2013 | 935 EUR/Month |
1/1/2014 | 890 EUR/Month |
2/1/2014 | 847 EUR/Month |
3/1/2014 | 905 EUR/Month |
4/1/2014 | 933 EUR/Month |
5/1/2014 | 983 EUR/Month |
6/1/2014 | 939 EUR/Month |
7/1/2014 | 928 EUR/Month |
8/1/2014 | 885 EUR/Month |
9/1/2014 | 913 EUR/Month |
10/1/2014 | 918 EUR/Month |
11/1/2014 | 1,065 EUR/Month |
12/1/2014 | 1,012 EUR/Month |
1/1/2015 | 905 EUR/Month |
2/1/2015 | 887 EUR/Month |
3/1/2015 | 928 EUR/Month |
4/1/2015 | 958 EUR/Month |
5/1/2015 | 981 EUR/Month |
6/1/2015 | 981 EUR/Month |
7/1/2015 | 956 EUR/Month |
8/1/2015 | 918 EUR/Month |
9/1/2015 | 948 EUR/Month |
10/1/2015 | 946 EUR/Month |
11/1/2015 | 1,120 EUR/Month |
12/1/2015 | 1,045 EUR/Month |
1/1/2016 | 931 EUR/Month |
2/1/2016 | 931 EUR/Month |
3/1/2016 | 989 EUR/Month |
4/1/2016 | 973 EUR/Month |
5/1/2016 | 1,011 EUR/Month |
6/1/2016 | 1,000 EUR/Month |
7/1/2016 | 969 EUR/Month |
8/1/2016 | 963 EUR/Month |
9/1/2016 | 974 EUR/Month |
10/1/2016 | 975 EUR/Month |
11/1/2016 | 1,180 EUR/Month |
12/1/2016 | 1,081 EUR/Month |
1/1/2017 | 969 EUR/Month |
2/1/2017 | 954 EUR/Month |
3/1/2017 | 1,018 EUR/Month |
4/1/2017 | 1,038 EUR/Month |
5/1/2017 | 1,042 EUR/Month |
6/1/2017 | 1,080 EUR/Month |
7/1/2017 | 1,018 EUR/Month |
8/1/2017 | 1,023 EUR/Month |
9/1/2017 | 1,019 EUR/Month |
10/1/2017 | 1,027 EUR/Month |
11/1/2017 | 1,252 EUR/Month |
12/1/2017 | 1,108 EUR/Month |
1/1/2018 | 1,041 EUR/Month |
2/1/2018 | 1,005 EUR/Month |
3/1/2018 | 1,076 EUR/Month |
4/1/2018 | 1,098 EUR/Month |
5/1/2018 | 1,145 EUR/Month |
6/1/2018 | 1,138 EUR/Month |
7/1/2018 | 1,127 EUR/Month |
8/1/2018 | 1,099 EUR/Month |
9/1/2018 | 1,071 EUR/Month |
10/1/2018 | 1,117 EUR/Month |
11/1/2018 | 1,330 EUR/Month |
12/1/2018 | 1,174 EUR/Month |
1/1/2019 | 1,109 EUR/Month |
2/1/2019 | 1,069 EUR/Month |
3/1/2019 | 1,128 EUR/Month |
4/1/2019 | 1,187 EUR/Month |
5/1/2019 | 1,265 EUR/Month |
6/1/2019 | 1,132 EUR/Month |
7/1/2019 | 1,157 EUR/Month |
8/1/2019 | 1,124 EUR/Month |
9/1/2019 | 1,127 EUR/Month |
10/1/2019 | 1,142 EUR/Month |
11/1/2019 | 1,381 EUR/Month |
12/1/2019 | 1,229 EUR/Month |
1/1/2020 | 1,171 EUR/Month |
2/1/2020 | 1,136 EUR/Month |
3/1/2020 | 1,156 EUR/Month |
4/1/2020 | 1,083 EUR/Month |
5/1/2020 | 1,231 EUR/Month |
6/1/2020 | 1,129 EUR/Month |
7/1/2020 | 1,157 EUR/Month |
8/1/2020 | 1,121 EUR/Month |
9/1/2020 | 1,188 EUR/Month |
10/1/2020 | 1,163 EUR/Month |
11/1/2020 | 1,494 EUR/Month |
12/1/2020 | 1,282 EUR/Month |
1/1/2021 | 1,177 EUR/Month |
2/1/2021 | 1,136 EUR/Month |
3/1/2021 | 1,233 EUR/Month |
4/1/2021 | 1,263 EUR/Month |
5/1/2021 | 1,385 EUR/Month |
6/1/2021 | 1,270 EUR/Month |
7/1/2021 | 1,244 EUR/Month |
8/1/2021 | 1,231 EUR/Month |
9/1/2021 | 1,251 EUR/Month |
10/1/2021 | 1,224 EUR/Month |
11/1/2021 | 1,595 EUR/Month |
12/1/2021 | 1,390 EUR/Month |
1/1/2022 | 1,261 EUR/Month |
2/1/2022 | 1,214 EUR/Month |
3/1/2022 | 1,342 EUR/Month |
4/1/2022 | 1,333 EUR/Month |
5/1/2022 | 1,442 EUR/Month |
6/1/2022 | 1,376 EUR/Month |
7/1/2022 | 1,327 EUR/Month |
8/1/2022 | 1,351 EUR/Month |
9/1/2022 | 1,357 EUR/Month |
10/1/2022 | 1,326 EUR/Month |
11/1/2022 | 1,708 EUR/Month |
12/1/2022 | 1,449 EUR/Month |
1/1/2023 | 1,393 EUR/Month |
2/1/2023 | 1,339 EUR/Month |
3/1/2023 | 1,462 EUR/Month |
4/1/2023 | 1,448 EUR/Month |
5/1/2023 | 1,592 EUR/Month |
6/1/2023 | 1,515 EUR/Month |
7/1/2023 | 1,473 EUR/Month |
8/1/2023 | 1,484 EUR/Month |
9/1/2023 | 1,456 EUR/Month |
10/1/2023 | 1,477 EUR/Month |
11/1/2023 | 1,891 EUR/Month |
12/1/2023 | 1,615 EUR/Month |
1/1/2024 | 1,544 EUR/Month |
2/1/2024 | 1,506 EUR/Month |
3/1/2024 | 1,630 EUR/Month |
Wages History
Date | Value |
---|---|
3/1/2024 | 1,630 EUR/Month |
2/1/2024 | 1,506 EUR/Month |
1/1/2024 | 1,544 EUR/Month |
12/1/2023 | 1,615 EUR/Month |
11/1/2023 | 1,891 EUR/Month |
10/1/2023 | 1,477 EUR/Month |
9/1/2023 | 1,456 EUR/Month |
8/1/2023 | 1,484 EUR/Month |
7/1/2023 | 1,473 EUR/Month |
6/1/2023 | 1,515 EUR/Month |
Similar Macro Indicators to Wages
Name | Current | Previous | Frequency |
---|---|---|---|
🇸🇰 Employed persons | 2.601 M | 2.641 M | Quarter |
🇸🇰 Employment Change | -0.3 % | 0 % | Quarter |
🇸🇰 Employment rate | 72 % | 72.7 % | Quarter |
🇸🇰 Full-time employment | 2.446 M | 2.487 M | Quarter |
🇸🇰 Job Vacancy Rate | 1.3 % | 1.1 % | Quarter |
🇸🇰 Labor costs | 155.265 points | 154.427 points | Quarter |
🇸🇰 Labor force participation rate | 94.4 % | 94.1 % | Quarter |
🇸🇰 Long-term unemployment rate | 3.7 % | 3.7 % | Quarter |
🇸🇰 Minimum Wages | 750 EUR/Month | 750 EUR/Month | Quarter |
🇸🇰 Part-time work | 100,200 | 99,800 | Quarter |
🇸🇰 Population | 5.43 M | 5.43 M | Annually |
🇸🇰 Productivity | 120.136 points | 118.604 points | Quarter |
🇸🇰 Retirement Age Men | 63 Years | 63 Years | Annually |
🇸🇰 Retirement Age Women | 63 Years | 63 Years | Annually |
🇸🇰 Unemployed Persons | 138,982 | 141,073 | Monthly |
🇸🇰 Unemployment Rate | 5 % | 4.9 % | Monthly |
🇸🇰 Wage Growth | 5.6 % | 3.9 % | Quarter |
🇸🇰 Wages in Manufacturing | 1,476 EUR/Month | 1,520 EUR/Month | Monthly |
🇸🇰 Youth Unemployment Rate | 20.2 % | 20.5 % | Monthly |
In Slovakia, wages are assessed based on average monthly earnings.
Macro pages for other countries in Europe
- 🇦🇱Albania
- 🇦🇹Austria
- 🇧🇾Belarus
- 🇧🇪Belgium
- 🇧🇦Bosnia and Herzegovina
- 🇧🇬Bulgaria
- 🇭🇷Croatia
- 🇨🇾Cyprus
- 🇨🇿Czech Republic
- 🇩🇰Denmark
- 🇪🇪Estonia
- 🇫🇴Faroe Islands
- 🇫🇮Finland
- 🇫🇷France
- 🇩🇪Germany
- 🇬🇷Greece
- 🇭🇺Hungary
- 🇮🇸Island
- 🇮🇪Ireland
- 🇮🇹Italy
- 🇽🇰Kosovo
- 🇱🇻Latvia
- 🇱🇮Liechtenstein
- 🇱🇹Lithuania
- 🇱🇺Luxembourg
- 🇲🇰North Macedonia
- 🇲🇹Malta
- 🇲🇩Moldova
- 🇲🇨Monaco
- 🇲🇪Montenegro
- 🇳🇱Netherlands
- 🇳🇴Norway
- 🇵🇱Poland
- 🇵🇹Portugal
- 🇷🇴Romania
- 🇷🇺Russia
- 🇷🇸Serbia
- 🇸🇮Slovenia
- 🇪🇸Spain
- 🇸🇪Sweden
- 🇨🇭Switzerland
- 🇺🇦Ukraine
- 🇬🇧United Kingdom
- 🇦🇩Andorra
What is Wages?
Wages represent a fundamental pillar in the study of macroeconomics, serving as a critical indicator of economic health, labor market dynamics, and overall living standards. At Eulerpool, we comprehensively present macroeconomic data, with Wages being a crucial category that offers profound insights into the functioning and stability of economies worldwide. In macroeconomic terms, wages refer to the compensation employees receive for their labor, typically expressed in monetary terms. These compensations are essential not only for the sustenance of individuals and households but also for driving consumer spending, which is a significant component of Gross Domestic Product (GDP). Understanding wage levels and their trends provides profound insights into the economic wellbeing of a nation. Wages are influenced by several factors, including education, experience, skill level, industry, and geographic location. Furthermore, macroeconomic policies, labor market regulations, collective bargaining processes, and global economic conditions also play pivotal roles. These multifaceted influences mean that wages are not just a reflection of individual or company performance but are intricately tied to broader economic phenomena. At the national level, wage trends are crucial indicators of economic vitality. Rising wages often signal growing demand for labor, which can reflect an expanding economy and increased investment. Conversely, stagnating or declining wages may indicate economic distress, high unemployment, or decreased productivity. For policymakers and economists, wage analysis is indispensable for understanding inflation dynamics, as wages significantly impact aggregate demand and price levels. Inflation, often guided by wage adjustments, is a crucial area of focus within macroeconomics. The relationship, commonly referred to as wage-price spiral, posits that increased wages lead to higher consumer spending, driving up demand for goods and services. This increased demand can push up prices, leading to inflation. However, it is not just upward movements that need scrutiny; wage deflation, where wages decrease across the economy, can dampen consumer spending, leading to deflationary pressures, which can be equally perilous. Wage disparity is another critical dimension in the macroeconomic analysis of wages. Economic inequality, often measured by disparities in wage levels, has far-reaching consequences for social cohesion, economic growth, and political stability. High levels of wage inequality can lead to reduced economic mobility and a weakening of middle-class purchasing power, potentially stalling economic growth. On the other hand, more equitable wage distribution can support a more robust and sustainable economic development pathway. Labor market institutions and policies greatly impact wage dynamics. Minimum wage laws, for instance, set the lowest legal hourly pay and aim to ensure a basic standard of living for employees, especially those in low-paying jobs. These laws can have wide-ranging economic impacts, from reducing poverty levels to potentially influencing employment rates. Similarly, collective bargaining agreements, where unions negotiate wages on behalf of workers, can lead to significant wage premiums for unionized employees compared to their non-union counterparts. Globalization and technological advancements are two transformative factors profoundly affecting wage structures. Globalization, with the offshoring of labor-intensive production to lower-wage countries, has reshaped wage landscapes in developed economies, often suppressing wage growth in certain sectors while boosting it in others. Technological advancements, particularly automation and artificial intelligence, present both opportunities and challenges. While these technologies can enhance productivity and create new high-wage job categories, they also risk displacing workers in repetitive and lower-skilled jobs, resulting in wage polarization. Education and skill development are critical to wage dynamics. Higher educational attainment and specialized skills generally correlate with higher wages, reflecting the increased value and productivity of skilled labor. Governments and educational institutions play crucial roles in shaping workforce capabilities through policies and programs that enhance educational access, quality, and relevance to evolving economic needs. Gender and racial wage gaps are additional layers within the macroeconomic wage analysis. Persistent disparities often reflect deep-seated social and economic inequalities. Addressing these gaps requires concerted policy efforts and organizational commitment to equitable pay practices and inclusive labor markets. Wages also intersect significantly with tax policies. Progressive taxation, where higher earnings attract higher tax rates, can help redistribute income and mitigate wage inequality. However, tax policy must balance equity with efficiency to ensure that it does not stifle economic incentives and productivity. In examining wage data at Eulerpool, we provide users with detailed and up-to-date information on wage levels across different economies, sectors, and demographics. Our platform allows for granular analysis, offering invaluable insights for researchers, policymakers, and business leaders. By monitoring and analyzing wage trends, stakeholders can make informed decisions and strategies that align with macroeconomic realities and objectives. In conclusion, wages are a cornerstone of macroeconomic analysis, influencing and reflecting a wide array of economic conditions and trends. At Eulerpool, our dedication to providing accurate and comprehensive wage data empowers users to delve deep into these dynamics, fostering a profound understanding that can drive meaningful economic progress and policy formulation. Understanding wages in their full economic context is vital for anyone engaged in the study or management of economies, as they encapsulate the complex interplay of market forces, policy decisions, and social dynamics.