Money Buzz! Europa

Tag: average wage czechia

  • Average wage in Czechia increased by 1.7%, in real terms, in Q3 2020

    Average wage in Czechia increased by 1.7%, in real terms, in Q3 2020

    In Q3 2020, the average gross monthly nominal wage per full-time equivalent (FTE) employee in Czechia increased by 5.1% compared to the corresponding period of the previous year.

    In real terms, it increased by 1.7%. The median wage was CZK 31,183.

    The average gross monthly nominal wage per FTE employee in the national economy was CZK 35,402, which is by CZK 1,716 more than in the corresponding period of 2019.

    In the aforementioned period of 2020, consumer prices increased by 3.3% and thus wages increased by 1.7% in real terms.

    The wage volume increased by 1.9% and the number of employees decreased by 3.1%.

    Compared to the previous quarter, the seasonally adjusted average wage increased by 5.8% in the Q3 2020.

    In the period from Q1 2020 to Q3 2020, the average wage reached CZK 34,611; in the year-on-year comparison, the increment was CZK 1,188 (3.6%).

    Consumer prices increased for the aforementioned period by 3.3%; the wage increased by 0.3% in real terms.

  • Average wage increased by 1.4% in Czechia in Q1 2020

    Average wage increased by 1.4% in Czechia in Q1 2020

    • In the Q1 2020, the average gross monthly nominal wage per full-time equivalent employee in the national economy increased by 5.0% compared to the corresponding period of the previous year.
    • In real terms, it grew by 1.4%. The median wage was CZK 29.333.

    In the Q1 2020, the average gross monthly nominal wage per full-time equivalent employee in the national economy was CZK 34.077, which is by CZK 1 610 (5.0%) more than in the corresponding period of 2019.

    In the aforementioned period of 2020, consumer prices grew by 3.6% and thus wages increased by 1.4% in real terms. The wage volume grew by 4.1% and the number of employees decreased by 0.9%.

    Compared to the previous quarter, the seasonally adjusted average wage in the Q1 2020 increased by 1.1%.

    The median wage was CZK 29.333 and increased by 5.8% compared to the corresponding period of the previous year.

    The male median wage reached CZK 31.790 and the female one was CZK 26.723. Eighty per cent of employees earned wages within the interval from CZK 15.761 to CZK 53.850.