Wage in the Czech Republic

Published: 09.03.2021 Related countries:  India India

The average gross monthly nominal wage per recalculated number of employees in the national economy increased by 6.5% y/y in 4Q 2020.

Gross wage grows by 6.5%, median is CZK 32,870.The average gross monthly nominal wage per recalculated number of employees in the national economy increased by 6.5% y/y in 4Q 2020. In real terms, it increased by 3.8%. The information was provided by the Czech Statistical Office. The median of the wages totalled CZK 32,870 (+5.4%). Compared with the previous quarter, the seasonally adjusted average wage increased by 1.9%. A total of 80% of employees were paid a wage between CZK 16,356 and CZK 63,781. The average wage reached CZK 35,611 in 2020. The annual growth reached CZK 1,500 (4.4%). Consumer prices were higher by 3.2%, in real terms by 1.2%.

Source: www.cianews.cz

Zpracoval molektiv pracovníků zahraniční kanceláře CzechTrade Bangalore.