Gross wage grows by 6.5%, median is CZK 32,870

Published: 09.03.2021 Related countries:  Czech Republic Czech Republic

In the Czech Republic, the gross wages grew in 2020.

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: ČIA NEWS, March 9th, 2021, www.cianews.cz/en
Compiled by the team of CzechTrade office in Riga.