After 27 months of decline, the average real wage in the Czech Republic has seen a turnaround as the real gross monthly wage in the Q1 of 2024 rose by 4.8 per cent.
In nominal terms, the average gross wage in the first quarter was 43,941 CZK, which is 2,884 CZK or exactly seven per cent more than in the same period last year, according to data released by the Czech Statistical Office (CSO). The median wages, or their middle value, reached 36,651 CZK in the first quarter, which is 5.5 per cent more year-on-year. For men, the median was 39,541 CZK, and for women, 33,793 CZK. “Eighty per cent of employees received a wage between 20,753 CZK and 69,219 CZK,” added statisticians.
The overall results show a positive turnaround, but significant differences between various sectors and professions mean that not everyone has experienced an increase in wages. The lowest year-on-year increases were recorded in public administration (2.1%) and education (1.9%).
Source: Czech Daily
Prepared by the team of foreign offices CzechTrade Osaka and Tokyo