Czech Republic Average Monthly Wages - Forecast

Wages in Czech Republic is expected to be 32000.00 CZK/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Czech Republic to stand at 32000.00 in 12 months time. In the long-term, the Czech Republic Average Monthly Wages is projected to trend around 38000.00 CZK/Month in 2020, according to our econometric models.


Czech Republic Average Monthly Wages
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Czech Republic Labour Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3 3.4 3.4 3.6 3.7 4.6
Unemployed Persons 229632 227506 231340 220597 223726 220984
Long Term Unemployment Rate 0.8 0.89 0.97 1.07 1.18 2.18
Youth Unemployment Rate 7.2 7.54 7.54 7.74 7.73 7.79
Labour Costs 120 119 118 121 125 131
Job Vacancies 283243 295570 320075 331033 335486 338242
Wages 30265 32000 32000 33500 32000 38000
Wages in Manufacturing 29920 31000 30500 31500 32000 34500
Minimum Wages 478 478 478 478 510 550
Population 10.61 10.62 10.62 10.62 10.66 10.65
Retirement Age Women 62.67 62.67 62.67 62.67 63.17 63.67
Retirement Age Men 63.33 63.33 63.33 63.33 63.5 63.67
Labor Force Participation Rate 60.4 60.3 60.3 60.3 60.3 60.3
Living Wage Family 17900 18300 18300 18300 18039 18800
Living Wage Individual 12600 12600 12600 12600 12600 12600
Part Time Employment 320 318 316 314 311 285
Productivity 103 109 110 110 110 110
Wages High Skilled 34400 35400 35400 35400 35400 37000
Wage Growth 6.6 5.9 5.1 4.8 4.5 2.5
Wages Low Skilled 15200 15600 15600 15600 15600 16200
Employed Persons 5258 5260 5257 5254 5250 5217
Employment Change 0.5 0.44 0.51 0.25 0.47 0.4
Employment Rate 74.3 73.7 73.7 73.7 73.7 73.7
Full Time Employment 4809 4782 4782 4782 4782 4782