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Price
The current value of the Wages in Manufacturing in Slovenia is 2,354 EUR/Month. The Wages in Manufacturing in Slovenia decreased to 2,354 EUR/Month on 2/1/2024, after it was 2,354 EUR/Month on 1/1/2024. From 1/1/2005 to 3/1/2024, the average GDP in Slovenia was 1,506.08 EUR/Month. The all-time high was reached on 11/1/2023 with 2,558 EUR/Month, while the lowest value was recorded on 2/1/2005 with 920 EUR/Month.
Wages in Manufacturing ·
3 years
5 years
10 years
25 Years
Max
Wages in Manufacturing | |
---|---|
1/1/2005 | 950 EUR/Month |
2/1/2005 | 920 EUR/Month |
3/1/2005 | 979 EUR/Month |
4/1/2005 | 943 EUR/Month |
5/1/2005 | 967 EUR/Month |
6/1/2005 | 955 EUR/Month |
7/1/2005 | 951 EUR/Month |
8/1/2005 | 999 EUR/Month |
9/1/2005 | 983 EUR/Month |
10/1/2005 | 990 EUR/Month |
11/1/2005 | 1,142 EUR/Month |
12/1/2005 | 1,013 EUR/Month |
1/1/2006 | 1,020 EUR/Month |
2/1/2006 | 980 EUR/Month |
3/1/2006 | 1,038 EUR/Month |
4/1/2006 | 985 EUR/Month |
5/1/2006 | 1,020 EUR/Month |
6/1/2006 | 1,028 EUR/Month |
7/1/2006 | 1,001 EUR/Month |
8/1/2006 | 1,045 EUR/Month |
9/1/2006 | 1,016 EUR/Month |
10/1/2006 | 1,053 EUR/Month |
11/1/2006 | 1,207 EUR/Month |
12/1/2006 | 1,060 EUR/Month |
1/1/2007 | 1,101 EUR/Month |
2/1/2007 | 1,032 EUR/Month |
3/1/2007 | 1,086 EUR/Month |
4/1/2007 | 1,056 EUR/Month |
5/1/2007 | 1,081 EUR/Month |
6/1/2007 | 1,081 EUR/Month |
7/1/2007 | 1,077 EUR/Month |
8/1/2007 | 1,119 EUR/Month |
9/1/2007 | 1,079 EUR/Month |
10/1/2007 | 1,138 EUR/Month |
11/1/2007 | 1,320 EUR/Month |
12/1/2007 | 1,147 EUR/Month |
1/1/2008 | 1,167 EUR/Month |
2/1/2008 | 1,138 EUR/Month |
3/1/2008 | 1,179 EUR/Month |
4/1/2008 | 1,175 EUR/Month |
5/1/2008 | 1,172 EUR/Month |
6/1/2008 | 1,184 EUR/Month |
7/1/2008 | 1,195 EUR/Month |
8/1/2008 | 1,191 EUR/Month |
9/1/2008 | 1,195 EUR/Month |
10/1/2008 | 1,215 EUR/Month |
11/1/2008 | 1,302 EUR/Month |
12/1/2008 | 1,212 EUR/Month |
1/1/2009 | 1,168 EUR/Month |
2/1/2009 | 1,132 EUR/Month |
3/1/2009 | 1,183 EUR/Month |
4/1/2009 | 1,170 EUR/Month |
5/1/2009 | 1,157 EUR/Month |
6/1/2009 | 1,186 EUR/Month |
7/1/2009 | 1,197 EUR/Month |
8/1/2009 | 1,185 EUR/Month |
9/1/2009 | 1,214 EUR/Month |
10/1/2009 | 1,238 EUR/Month |
11/1/2009 | 1,363 EUR/Month |
12/1/2009 | 1,265 EUR/Month |
1/1/2010 | 1,246 EUR/Month |
2/1/2010 | 1,227 EUR/Month |
3/1/2010 | 1,364 EUR/Month |
4/1/2010 | 1,295 EUR/Month |
5/1/2010 | 1,274 EUR/Month |
6/1/2010 | 1,297 EUR/Month |
7/1/2010 | 1,294 EUR/Month |
8/1/2010 | 1,316 EUR/Month |
9/1/2010 | 1,299 EUR/Month |
10/1/2010 | 1,301 EUR/Month |
11/1/2010 | 1,476 EUR/Month |
12/1/2010 | 1,351 EUR/Month |
1/1/2011 | 1,316 EUR/Month |
2/1/2011 | 1,351 EUR/Month |
3/1/2011 | 1,377 EUR/Month |
4/1/2011 | 1,319 EUR/Month |
5/1/2011 | 1,339 EUR/Month |
6/1/2011 | 1,346 EUR/Month |
7/1/2011 | 1,317 EUR/Month |
8/1/2011 | 1,384 EUR/Month |
9/1/2011 | 1,343 EUR/Month |
10/1/2011 | 1,338 EUR/Month |
11/1/2011 | 1,545 EUR/Month |
12/1/2011 | 1,376 EUR/Month |
1/1/2012 | 1,376 EUR/Month |
2/1/2012 | 1,402 EUR/Month |
3/1/2012 | 1,404 EUR/Month |
4/1/2012 | 1,356 EUR/Month |
5/1/2012 | 1,392 EUR/Month |
6/1/2012 | 1,359 EUR/Month |
7/1/2012 | 1,374 EUR/Month |
8/1/2012 | 1,403 EUR/Month |
9/1/2012 | 1,347 EUR/Month |
10/1/2012 | 1,408 EUR/Month |
11/1/2012 | 1,553 EUR/Month |
12/1/2012 | 1,395 EUR/Month |
1/1/2013 | 1,424 EUR/Month |
2/1/2013 | 1,407 EUR/Month |
3/1/2013 | 1,419 EUR/Month |
4/1/2013 | 1,415 EUR/Month |
5/1/2013 | 1,424 EUR/Month |
6/1/2013 | 1,387 EUR/Month |
7/1/2013 | 1,421 EUR/Month |
8/1/2013 | 1,431 EUR/Month |
9/1/2013 | 1,397 EUR/Month |
10/1/2013 | 1,441 EUR/Month |
11/1/2013 | 1,621 EUR/Month |
12/1/2013 | 1,449 EUR/Month |
1/1/2014 | 1,481 EUR/Month |
2/1/2014 | 1,482 EUR/Month |
3/1/2014 | 1,453 EUR/Month |
4/1/2014 | 1,450 EUR/Month |
5/1/2014 | 1,450 EUR/Month |
6/1/2014 | 1,446 EUR/Month |
7/1/2014 | 1,486 EUR/Month |
8/1/2014 | 1,447 EUR/Month |
9/1/2014 | 1,449 EUR/Month |
10/1/2014 | 1,481 EUR/Month |
11/1/2014 | 1,662 EUR/Month |
12/1/2014 | 1,512 EUR/Month |
1/1/2015 | 1,486 EUR/Month |
2/1/2015 | 1,498 EUR/Month |
3/1/2015 | 1,523 EUR/Month |
4/1/2015 | 1,493 EUR/Month |
5/1/2015 | 1,459 EUR/Month |
6/1/2015 | 1,492 EUR/Month |
7/1/2015 | 1,504 EUR/Month |
8/1/2015 | 1,479 EUR/Month |
9/1/2015 | 1,475 EUR/Month |
10/1/2015 | 1,495 EUR/Month |
11/1/2015 | 1,739 EUR/Month |
12/1/2015 | 1,529 EUR/Month |
1/1/2016 | 1,485 EUR/Month |
2/1/2016 | 1,569 EUR/Month |
3/1/2016 | 1,560 EUR/Month |
4/1/2016 | 1,501 EUR/Month |
5/1/2016 | 1,502 EUR/Month |
6/1/2016 | 1,516 EUR/Month |
7/1/2016 | 1,487 EUR/Month |
8/1/2016 | 1,536 EUR/Month |
9/1/2016 | 1,501 EUR/Month |
10/1/2016 | 1,499 EUR/Month |
11/1/2016 | 1,753 EUR/Month |
12/1/2016 | 1,644 EUR/Month |
1/1/2017 | 1,546 EUR/Month |
2/1/2017 | 1,565 EUR/Month |
3/1/2017 | 1,602 EUR/Month |
4/1/2017 | 1,522 EUR/Month |
5/1/2017 | 1,570 EUR/Month |
6/1/2017 | 1,549 EUR/Month |
7/1/2017 | 1,535 EUR/Month |
8/1/2017 | 1,579 EUR/Month |
9/1/2017 | 1,535 EUR/Month |
10/1/2017 | 1,578 EUR/Month |
11/1/2017 | 1,825 EUR/Month |
12/1/2017 | 1,738 EUR/Month |
1/1/2018 | 1,637 EUR/Month |
2/1/2018 | 1,636 EUR/Month |
3/1/2018 | 1,640 EUR/Month |
4/1/2018 | 1,608 EUR/Month |
5/1/2018 | 1,625 EUR/Month |
6/1/2018 | 1,598 EUR/Month |
7/1/2018 | 1,615 EUR/Month |
8/1/2018 | 1,650 EUR/Month |
9/1/2018 | 1,574 EUR/Month |
10/1/2018 | 1,650 EUR/Month |
11/1/2018 | 1,899 EUR/Month |
12/1/2018 | 1,772 EUR/Month |
1/1/2019 | 1,695 EUR/Month |
2/1/2019 | 1,712 EUR/Month |
3/1/2019 | 1,685 EUR/Month |
4/1/2019 | 1,683 EUR/Month |
5/1/2019 | 1,681 EUR/Month |
6/1/2019 | 1,637 EUR/Month |
7/1/2019 | 1,695 EUR/Month |
8/1/2019 | 1,688 EUR/Month |
9/1/2019 | 1,645 EUR/Month |
10/1/2019 | 1,700 EUR/Month |
11/1/2019 | 1,948 EUR/Month |
12/1/2019 | 1,829 EUR/Month |
1/1/2020 | 1,780 EUR/Month |
2/1/2020 | 1,830 EUR/Month |
3/1/2020 | 1,696 EUR/Month |
4/1/2020 | 1,771 EUR/Month |
5/1/2020 | 1,713 EUR/Month |
6/1/2020 | 1,664 EUR/Month |
7/1/2020 | 1,709 EUR/Month |
8/1/2020 | 1,751 EUR/Month |
9/1/2020 | 1,720 EUR/Month |
10/1/2020 | 1,747 EUR/Month |
11/1/2020 | 1,976 EUR/Month |
12/1/2020 | 1,904 EUR/Month |
1/1/2021 | 1,812 EUR/Month |
2/1/2021 | 1,870 EUR/Month |
3/1/2021 | 1,867 EUR/Month |
4/1/2021 | 1,829 EUR/Month |
5/1/2021 | 1,796 EUR/Month |
6/1/2021 | 1,831 EUR/Month |
7/1/2021 | 1,837 EUR/Month |
8/1/2021 | 1,870 EUR/Month |
9/1/2021 | 1,833 EUR/Month |
10/1/2021 | 1,819 EUR/Month |
11/1/2021 | 2,127 EUR/Month |
12/1/2021 | 2,084 EUR/Month |
1/1/2022 | 1,864 EUR/Month |
2/1/2022 | 1,961 EUR/Month |
3/1/2022 | 1,988 EUR/Month |
4/1/2022 | 1,931 EUR/Month |
5/1/2022 | 1,941 EUR/Month |
6/1/2022 | 1,960 EUR/Month |
7/1/2022 | 1,959 EUR/Month |
8/1/2022 | 2,022 EUR/Month |
9/1/2022 | 1,971 EUR/Month |
10/1/2022 | 1,964 EUR/Month |
11/1/2022 | 2,309 EUR/Month |
12/1/2022 | 2,133 EUR/Month |
1/1/2023 | 2,129 EUR/Month |
2/1/2023 | 2,197 EUR/Month |
3/1/2023 | 2,188 EUR/Month |
4/1/2023 | 2,110 EUR/Month |
5/1/2023 | 2,168 EUR/Month |
6/1/2023 | 2,144 EUR/Month |
7/1/2023 | 2,119 EUR/Month |
8/1/2023 | 2,200 EUR/Month |
9/1/2023 | 2,110 EUR/Month |
10/1/2023 | 2,157 EUR/Month |
11/1/2023 | 2,558 EUR/Month |
12/1/2023 | 2,303 EUR/Month |
1/1/2024 | 2,354 EUR/Month |
2/1/2024 | 2,354 EUR/Month |
Wages in Manufacturing History
Date | Value |
---|---|
2/1/2024 | 2,354 EUR/Month |
1/1/2024 | 2,354 EUR/Month |
12/1/2023 | 2,303 EUR/Month |
11/1/2023 | 2,558 EUR/Month |
10/1/2023 | 2,157 EUR/Month |
9/1/2023 | 2,110 EUR/Month |
8/1/2023 | 2,200 EUR/Month |
7/1/2023 | 2,119 EUR/Month |
6/1/2023 | 2,144 EUR/Month |
5/1/2023 | 2,168 EUR/Month |
Similar Macro Indicators to Wages in Manufacturing
Name | Current | Previous | Frequency |
---|---|---|---|
🇸🇮 Employed persons | 945,945 | 944,303 | Monthly |
🇸🇮 Employment Change | 0.2 % | 0.1 % | Quarter |
🇸🇮 Employment rate | 73.8 % | 72.8 % | Quarter |
🇸🇮 Full-time employment | 894,900 | 898,800 | Quarter |
🇸🇮 Job Opportunities | 14,554 | 12,940 | Monthly |
🇸🇮 Job Vacancy Rate | 2.5 % | 2.2 % | Quarter |
🇸🇮 Labor costs | 127.8 points | 134 points | Quarter |
🇸🇮 Labor force participation rate | 58.6 % | 58.7 % | Quarter |
🇸🇮 Long-term unemployment rate | 1 % | 1.1 % | Quarter |
🇸🇮 Minimum Wages | 1,253.9 EUR/Month | 1,203.36 EUR/Month | Quarter |
🇸🇮 Part-time work | 91,200 | 77,800 | Quarter |
🇸🇮 Population | 2.12 M | 2.11 M | Annually |
🇸🇮 Productivity | 110.152 points | 111.428 points | Quarter |
🇸🇮 Retirement Age Men | 60 Years | 60 Years | Annually |
🇸🇮 Retirement Age Women | 60 Years | 60 Years | Annually |
🇸🇮 Unemployed Persons | 44,088 | 45,219 | Monthly |
🇸🇮 Unemployment Rate | 4.4 % | 4.6 % | Monthly |
🇸🇮 Wage Growth | 6.426 % | 6.89 % | Monthly |
🇸🇮 Wages | 2,344 EUR/Month | 2,333 EUR/Month | Monthly |
🇸🇮 Youth Unemployment Rate | 7.8 % | 7.8 % | Monthly |
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
- 🇸🇰Slovakia
- 🇪🇸Spain
- 🇸🇪Sweden
- 🇨🇭Switzerland
- 🇺🇦Ukraine
- 🇬🇧United Kingdom
- 🇦🇩Andorra
What is Wages in Manufacturing?
Wages in Manufacturing: An In-Depth Analysis At Eulerpool, we pride ourselves on providing insightful and comprehensive macroeconomic data that empowers stakeholders, policymakers, and industry professionals to make informed decisions. One essential component of macroeconomic analysis is the examination of wages in manufacturing—a critical subsector that forms the backbone of numerous economies around the world. Understanding the dynamics of manufacturing wages is vital, as it has far-reaching implications for economic growth, labor market dynamics, inflation, competitiveness, and overall economic stability. Manufacturing industries play a pivotal role in both developing and developed economies by driving industrialization, innovation, and providing substantial employment opportunities. The wages paid to workers within this sector, therefore, become a crucial determinant of not only the living standards of employees but also the broader economic health of a nation. This analysis delves into the various factors influencing manufacturing wages, highlighting their significance within the macroeconomic landscape. To begin with, wages in manufacturing are influenced by an interplay of supply and demand for labor. The demand for skilled and unskilled labor in manufacturing sectors often fluctuates with economic cycles, technological advancements, and shifts in consumer preferences. For instance, during periods of economic expansion, the demand for labor typically rises, which can translate into higher wages as employers compete to attract and retain skilled workers. Conversely, during economic downturns, the demand for labor often declines, leading to wage stagnation or decreases. Technological advancements are another critical factor that directly impacts manufacturing wages. The rise of automation, artificial intelligence, and other innovations have significantly altered the landscape of manufacturing. While automation can lead to displacement of certain job categories, it can simultaneously create demand for higher-skilled positions. For example, while repetitive manual tasks may be increasingly automated, there is a burgeoning need for employees with expertise in operating, maintaining, and improving these automated systems. The wages for such high-skilled labor tend to be relatively high, reflecting the advanced skill sets required. Globalization has also had profound effects on manufacturing wages. With the advent of global supply chains and international trade, manufacturing firms often relocate production to regions where labor costs are comparatively lower. This global wage arbitrage can lead to pressure on wages in higher-cost regions, as companies seek competitive advantages. However, it also results in increased wages and living standards in emerging markets where manufacturing activities are outsourced. Understanding these global dynamics is essential for analyzing wage trends comprehensively. Moreover, government policies and labor regulations play a substantial role in shaping manufacturing wages. Minimum wage laws, labor union activities, and collective bargaining agreements are instrumental in setting wage floors and ensuring fair compensation for workers. In some countries, strong labor unions have successfully negotiated higher wages, benefits, and better working conditions for manufacturing employees. Conversely, in regions with weak labor protections, wages may remain suppressed, potentially leading to exploitation and economic inequality. Fiscal and monetary policies also indirectly affect manufacturing wages by influencing inflation rates, currency stability, and overall economic conditions. Inflation is a key macroeconomic variable that affects the real purchasing power of wages. In periods of high inflation, the nominal increase in wages may not translate into a real increase in purchasing power if the cost of living rises disproportionately. Conversely, in a low-inflation environment, even modest nominal wage increases can lead to significant improvements in real wages. Therefore, monitoring inflation trends is critical for assessing the true impact of wage changes in the manufacturing sector. Another important aspect to consider is the skill level and educational attainment of the manufacturing workforce. Generally, higher wages are correlated with higher levels of educational qualifications and skills. As industries evolve and new manufacturing technologies emerge, the demand for a more educated and skilled workforce has increased. Consequently, investment in education and vocational training is crucial to equip workers with the necessary skills and improve their earning potential. Policymakers and industry stakeholders must focus on developing robust education and training programs to bridge the skill gap in the manufacturing sector. Productivity is closely linked with wage levels in manufacturing. Higher productivity per worker generally leads to higher wages, as the value added by each employee increases. Productivity gains can be achieved through innovations, efficient production processes, and investment in capital equipment. Therefore, fostering an environment that encourages productivity improvements is essential for sustaining wage growth in the manufacturing sector. Another dimension worth noting is the impact of demographic trends on manufacturing wages. An aging workforce, for example, may pose challenges in sustaining productivity levels, necessitating higher wages to attract younger workers into the sector. Demographic shifts such as urbanization also affect labor markets, potentially leading to regional wage disparities. Addressing these demographic challenges requires targeted policy interventions and strategic workforce planning. Furthermore, the gender wage gap in manufacturing remains a notable concern. Despite progress, disparities in wages between male and female workers persist in many regions, driven by factors such as occupational segregation, differing levels of work experience, and potential discrimination. Addressing this issue is essential not only for achieving wage fairness but also for fully utilizing the potential talent pool in the labor market. In conclusion, wages in manufacturing are a multifaceted issue influenced by a complex array of factors including supply and demand dynamics, technological advancements, globalization, government policies, inflation, workforce education and skill levels, productivity, demographic trends, and gender disparities. At Eulerpool, we recognize the critical importance of analyzing these variables to provide accurate and comprehensive macroeconomic data. By understanding the underlying drivers of manufacturing wages, stakeholders can better navigate the economic landscape, implement effective policies, and ultimately foster a more equitable and prosperous economic environment for all.