Since the year 2000 salaries in the CR have been raising much faster than in Germany. Last year an average salary reached twofold the same value as it was 18 years ago. The salary raised only by 44 % in Germany since the beginning of millennium.These figures were found out on the basis of the analysis that have done the project Purple Trading. Czech average salary increases by 4,67 % every year, on the contrary in Germany only by 2,08 %. We can conclude from these data that Czech economy is thriving. As for an average salary Czech citizens are behind Germans but the interesting indicator is growth rate of average salary. If we take into consideration an inflation, a Czech salary raised by 4,3 % in this year's second quarter.
Source: Purple Trading
CzechTrade team Calgary