10Y wage growth in CR 7th in the world, in SR 8th

Published: 05.12.2022 Related countries:  Czech Republic Czech Republic, Latvia Latvia

The ranking of fastest growing wages in 10 years is led by Latvia, Czech Republic took 7th place.

Wage growth in the Czech Republic was the seventh fastest in the world between 2011 and 2021. This is according to a Tipalti survey; the growth reached 50.9%. The average annual wage in the Czech Republic increased to USD 18,687. Slovakia's growth rate was the eighth fastest (43.62%). The average wage in Slovakia in 2021 was USD 15,784. Latvia topped the ranking with wage growth of 103.88% to USD 18,135.

Compiled by the team of CzechTrade office in Latvia (Lithuania, Estonia).
Source: ČIA NEWS