Labour Costs in Czech Republic decreased to 114.36 Index Points in the third quarter of 2019 from 117.45 Index Points in the second quarter of 2019. Labour Costs in Czech Republic averaged 89.32 Index Points from 1994 until 2019, reaching an all time high of 120.96 Index Points in the first quarter of 2019 and a record low of 56.23 Index Points in the first quarter of 1996.

Labour Costs in Czech Republic is expected to be 125.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Czech Republic to stand at 118.14 in 12 months time. In the long-term, the Czech Republic Labour Costs is projected to trend around 125.09 points in 2020, according to our econometric models.


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Czech Republic Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
114.36 117.45 120.96 56.23 1994 - 2019 points Quarterly
2010=100, NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 2.60 9.69 0.09 percent [+]
Unemployed Persons 215532.00 197289.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.60 4.50 0.60 percent [+]
Youth Unemployment Rate 5.20 5.50 21.80 4.40 percent [+]
Labour Costs 114.36 117.45 120.96 56.23 points [+]
Job Vacancies 340957.00 338670.00 350564.00 30803.00 [+]
Wages 33697.00 34105.00 34105.00 6001.00 CZK/Month [+]
Wages in Manufacturing 32917.00 34364.00 34364.00 11827.00 CZK/Month [+]
Minimum Wages 518.97 518.97 518.97 92.35 EUR/Month [+]
Population 10.61 10.59 10.61 9.59 Million [+]
Retirement Age Women 62.67 62.33 62.67 58.00 [+]
Retirement Age Men 63.33 63.17 63.33 61.00 [+]
Labor Force Participation Rate 60.30 60.50 61.00 58.10 percent [+]
Living Wage Family 20500.00 20900.00 20900.00 17700.00 CZK/Month [+]
Living Wage Individual 15500.00 15700.00 15700.00 12600.00 CZK/Month [+]
Part Time Employment 319.50 325.70 332.80 190.80 Thousand [+]
Productivity 122.70 110.60 123.50 62.40 points [+]
Wages High Skilled 35400.00 32200.00 35400.00 29500.00 CZK/Month [+]
Wage Growth 4.00 4.30 7.40 -3.10 percent [+]
Wages Low Skilled 15700.00 14600.00 15700.00 13400.00 CZK/Month [+]
Employed Persons 5307.76 5295.93 5326.33 4675.90 Thousand [+]
Employment Change -0.20 0.00 1.60 -1.30 percent [+]
Employment Rate 75.20 75.00 75.40 63.70 percent [+]
Full Time Employment 4833.90 4815.70 4848.70 4306.10 Thousand [+]