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.