Money Buzz! Europa

Tag: average wage slovakia

  • Average monthly wage in Slovakia at EUR 1.113 in Q3 2020

    Average monthly wage in Slovakia at EUR 1.113 in Q3 2020

    In Slovakia, the average monthly wage increased by 4,2 % to EUR 1.113, but the growth was mainly driven by the public sector.

    The unstable period caused by the Covid-19 pandemic in the third quarter has not yet significantly affected the wage growth.

    After a unique decline in the nominal value of the average wage in the last quarter, monthly wages increased by an average of EUR 45 year-on-year in the 3rd quarter.

    After taking into account the inflation rate, real wage growth reached by 2,7 %. Compared to the 2nd quarter of 2020, the seasonally adjusted average wage rose by 6,7 %.

    In the sectors where most people work, the increases reached 2,1 % in industry and 1,5 % in trade.

    Compared to the corresponding period last year, the average nominal wage increased in all sectors monitored, with growth reaching from 0,3 % in administrative services to 10,5 % in public administration and defense.

    Higher increases were also recorded in education (by 10,2 %), health and social work (by 6,7 %) and in professional, scientific and technical activities (by 6,1 %).

    Average nominal monthly wage was higher than on average for the entire economy of the Slovak Republic only in Bratislavský kraj (EUR 1.358).

    In all the other regions, it ranged from EUR 893 in Prešovský kraj to EUR 1.064 in the Trnavský kraj.

  • Average monthly wage in Slovakia at EUR 1.086

    Average monthly wage in Slovakia at EUR 1.086

    The average nominal monthly wage of an employee in the economy of the Slovak Republic reached EUR 1.086, the Statistical Office of the Slovak Republic shows.

    Compared with the 1st quarter of last year, it grew by 6,2%, but its dynamics of growth slowed down year-on-year by 0,9%.

    Taking into account the inflation rate, the increase of the real wage reached 3,3%. Compared with the 4th quarter of 2019, the seasonally adjusted average wage grew by 1,4%.

    The highest level of average monthly wage was reached in the sectors of:

    • financial and insurance activities (EUR 2.085),
    • electricity, gas, steam and air-conditioning supply (by EUR 2.070),
    • information and communication (EUR 1.972).

    In eleven sectors, the wage was lower than the average

    The lowest average nominal wage was recorded by employees in accommodation and food service activities (EUR 594), in other activities (by EUR 654) and in construction (by EUR 723).

    Compared with the corresponding period last year, the average nominal monthly wage increased in all sectors, relatively the most rapidly in electricity, gas, steam and air-conditioning supply (by 13,9 %), in public administration and defense (by 11,6 %) and in education (by 10,1 %).

    Highest monthly wage in Bratislavský kraj

    In territorial terms, the average nominal monthly wage was higher than the average of the total economy of the SR only in Bratislavský kraj (EUR 1.394).

    In other regions, it ranged from EUR 834 in Prešovský kraj to EUR 1.007 in Trenčiansky kraj.

    The average wage increased year-on-year, in all regions with the highest relative increase by 7,9% in Nitriansky kraj and with 7,8% in Banskobystrický kraj.