The average real monthly wage in Czech Republic rose 6.0 percent year-on-year in the third quarter of 2018, slowing from a 6.2 percent gain in the previous period. Nominal wages increased by 8.5 percent to CZK 31,516 and inflation advanced at a slower 2.4 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 2 percent. Wage Growth in Czech Republic averaged 2.83 percent from 2001 until 2018, reaching an all time high of 7.40 percent in the third quarter of 2002 and a record low of -3.10 percent in the fourth quarter of 2013.

Wage Growth in Czech Republic is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Czech Republic to stand at 4.00 in 12 months time. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 2.50 percent in 2020, according to our econometric models.

Czech Republic Real Wage Growth
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-09 08:00 AM Real Wages YoY 5.3% 4.2% 5.2% 3.2%
2018-06-04 07:00 AM Real Wages YoY 6.6% 5.3% 6.2% 4.9%
2018-09-04 07:00 AM Real Wages YoY 6.2% 6.6% 5.9% 5.9%
2018-12-04 08:00 AM Real Wages YoY 6.0% 6.2% 5.1%
2019-03-08 08:00 AM Real Wages YoY 6.0% 4.80%
2019-06-04 07:00 AM Real Wages YoY 4.50%
2019-09-04 07:00 AM Real Wages YoY 4%


Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.80 2.80 9.69 0.09 percent [+]
Unemployed Persons 215010.00 215622.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.70 0.80 4.50 0.70 percent [+]
Youth Unemployment Rate 5.20 6.30 21.80 5.00 percent [+]
Labour Costs 114.67 116.19 119.71 57.46 Index Points [+]
Job Vacancies 316884.00 316132.00 316884.00 30803.00 [+]
Wages 31516.00 31851.00 31851.00 6001.00 CZK/Month [+]
Wages in Manufacturing 31057.00 32355.00 32355.00 11827.00 CZK/Month [+]
Minimum Wages 468.87 477.78 477.78 92.35 EUR/Month [+]
Population 10.61 10.59 10.61 9.59 Million [+]
Retirement Age Women 62.67 62.33 62.67 58.00 [+]
Retirement Age Men 63.33 63.17 63.33 61.00 [+]
Labor Force Participation Rate 60.50 60.30 61.00 58.10 percent [+]
Living Wage Family 20500.00 20900.00 20900.00 17700.00 CZK/Month [+]
Living Wage Individual 15500.00 15700.00 15700.00 12600.00 CZK/Month [+]
Part Time Employment 323.50 320.20 323.50 190.80 Thousand [+]
Productivity 120.10 107.60 123.50 62.40 Index Points [+]
Wages High Skilled 35400.00 32200.00 35400.00 29500.00 CZK/Month [+]
Wage Growth 6.00 6.20 7.40 -3.10 percent [+]
Wages Low Skilled 15700.00 14600.00 15700.00 13400.00 CZK/Month [+]
Employed Persons 5257.26 5289.07 5289.07 4675.90 Thousand [+]
Employment Change 0.60 0.60 1.20 -1.20 percent [+]
Employment Rate 74.70 74.20 74.70 63.70 percent [+]
Full Time Employment 4817.50 4794.20 4817.50 4306.10 Thousand [+]


Czech Republic Real Wage Growth

This page provides - Czech Republic Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Real Wage Growth - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.00 6.20 7.40 -3.10 2001 - 2018 percent Quarterly
NSA




Country Last Previous
Argentina 2.34 Sep/18
Australia 2.30 Sep/18
Euro Area 1.90 Jun/18
France 0.40 Jun/18
Germany 0.50 Jun/18
Italy 1.80 Oct/18
Japan 1.50 Oct/18
Netherlands 2.27 Nov/18
Russia 4.40 Oct/18
Switzerland 0.80 Jun/18
United Kingdom 3.00 Sep/18
United States 4.60 Sep/18


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