Living Wage Family in Czech Republic decreased to 20500 CZK/Month in 2018 from 20900 CZK/Month in 2017.

Living Wage Family in Czech Republic averaged 19575 CZK/Month from 2015 until 2018, reaching an all time high of 20900 CZK/Month in 2017 and a record low of 17700 CZK/Month in 2015.

Living Wage Family in Czech Republic is expected to be 21259.00 CZK/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Living Wage Family is projected to trend around 22423.00 CZK/Month in 2020, according to our econometric models.


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Czech Republic Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
20500.00 20900.00 20900.00 17700.00 2015 - 2018 CZK/Month yearly

Czech Republic Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

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 [+]