Czech Republic Average Monthly Wages - Forecast

Wages in Czech Republic is expected to be 28505.98 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 29415.82 in 12 months time. In the long-term, the Czech Republic Average Monthly Wages is projected to trend around 29070.37 CZK/Month in 2020, according to our econometric models.


Czech Republic Average Monthly Wages
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Czech Republic Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.9 3.9 3.9 4 4.2 5
Unemployed Persons 289228 288604 283009 286441 286740 296035
Long Term Unemployment Rate 0.9 0.84 0.89 0.97 1.07 2.18
Youth Unemployment Rate 4.9 4.41 4.67 4.87 5.08 7.12
Labour Costs 108 109 109 109 107 104
Job Vacancies 230728 245382 254303 253612 247808 149860
Wages 29050 28506 29156 28772 29416 29070
Wages in Manufacturing 28981 28628 29569 28758 29638 29287
Minimum Wages 478 478 478 478 478 550
Population 10.57 10.62 10.62 10.62 10.62 10.65
Retirement Age Women 61.8 62 62 62 62 61
Retirement Age Men 63.2 63 63 63 63 63
Labor Force Participation Rate 60.6 60.29 60.33 60.5 60.44 60.31
Living Wage Family 17900 18171 18142 18112 18083 18001
Living Wage Individual 12600 12241 12107 11973 11839 12456
Part Time Employment 318 319 318 316 314 285
Productivity 124 101 110 122 113 112
Wages High Skilled 34400 31652 31993 32334 32675 31493
Wage Growth 4.2 2.6 2.7 3.87 2.8 2.5
Wages Low Skilled 15200 14098 14195 14291 14388 14053
Employed Persons 5263 5260 5260 5257 5254 5217
Employment Change 0.8 0.26 0.27 0.33 0.22 0.08
Employment Rate 74.1 74.14 74.15 74.1 74.06 73.45
Full Time Employment 4806 4790 4785 4783 4779 4738