The average real monthly wages in the Czech Republic fell a record 3.6 percent year-on-year in the first quarter of 2022, following a 2.0 percent drop in the previous period and compared to market expectations of a 4.2 decrease. Meantime, nominal wages went up 7.2 percent to CZK 37,929, but inflation was 11.2 percent. The wage volume increased by 8.4 percent, and the number of employees rose by 1.1 percent. Compared to the previous quarter, wages grew 2.0 percent in Q1 2022. source: Czech Statistical Office

Wage Growth in Czech Republic averaged 2.73 percent from 2001 until 2022, reaching an all time high of 8.30 percent in the second quarter of 2021 and a record low of -3.60 percent in the first quarter of 2022. This page provides - Czech Republic Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Real Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Wage Growth in Czech Republic is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 2.30 percent in 2023 and 2.90 percent in 2024, according to our econometric models.

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Czech Republic Real Wage Growth

Calendar GMT Actual Previous Consensus TEForecast
2022-03-07 08:00 AM Q4 -2% 1.5% -0.7% -1%
2022-06-07 07:00 AM Q1 -3.6% -2% -4.2% 0.6%
2022-09-05 07:00 AM Q2 -3.6%

Related Last Previous Unit Reference
Wages 37929.00 40135.00 CZK/Month Mar 2022
Wages in Manufacturing 36266.00 37993.00 CZK/Month Mar 2022
Population 10.70 10.68 Million Dec 2020
Wage Growth -3.60 -2.00 percent Mar 2022

Czech Republic Real Wage Growth
In Czech Republic, Real Wage Growth measures the year-on-year change in average gross monthly wage per full-time equivalent employee adjusted for inflation.
Actual Previous Highest Lowest Dates Unit Frequency
-3.60 -2.00 8.30 -3.60 2001 - 2022 percent Quarterly