The average real monthly wages in the Czech Republic increased 3.6 percent year-on-year in the fourth quarter, easing from 4 percent in the previous period but beating market expectations of 3.4 percent. It was the smallest increase in real wages since the first quarter of 2017, as nominal wages rose by 6.7 percent to CZK 36,144 and inflation grew by 3.6 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.6 percent. Considering the full year of 2019, real wages increased by 4.2 percent, as nominal wages advanced 7.1 percent to CZK 34,125 and inflation grew by 2.8 percent.

Wage Growth in Czech Republic averaged 2.97 percent from 2001 until 2019, reaching an all time high of 7.40 percent in the third quarter of 2002 and a record low of -3.10 percent in the fourth quarter of 2013. This page provides - Czech Republic Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Real Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.

Wage Growth in Czech Republic is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Czech Republic to stand at 3.30 in 12 months time. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 2.90 percent in 2021, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Czech Republic Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
3.60 4.00 7.40 -3.10 2001 - 2019 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-06-04 07:00 AM Q1 4.6% 4.7% 4% 4.5%
2019-09-03 07:00 AM Q2 4.3% 4.6% 4.2% 4.3%
2019-12-04 08:00 AM Q3 4% 4.3% 4.1% 4.5%
2020-03-06 08:00 AM Q4 3.6% 4% 3.4% 3.6%
2020-06-04 07:00 AM Q1 3.6% 3.7%
2020-09-03 07:00 AM Q2 3.2%
2020-12-04 08:00 AM Q3 3.3%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Czech Real Wages Rise the Least since 2017
The average real monthly wages in the Czech Republic increased 3.6 percent year-on-year in the fourth quarter, easing from 4 percent in the previous period but beating market expectations of 3.4 percent. It was the smallest increase in real wages since the first quarter of 2017, as nominal wages rose by 6.7 percent to CZK 36,144 and inflation grew by 3.6 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.6 percent. Considering the full year of 2019, real wages increased by 4.2 percent, as nominal wages advanced 7.1 percent to CZK 34,125 and inflation grew by 2.8 percent.
2020-03-06
Czech Wage Growth Slows to 2-Year Low in Q3
The average real monthly wage in Czech Republic increased 4 percent year-on-year in the third quarter 2019, easing from a 4.3 percent in the previous period and below market expectations of 4.1 percent. It was the smallest gain in real wages since the third quarter of 2017, as nominal wages rose by 6.9 percent to CZK 33,697 and inflation grew by 2.8 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.6 percent.
2019-12-04
Czech Wage Growth Eases to Nearly 2-Years Low in Q2
The average real monthly wage in Czech Republic increased 4.3 percent year-on-year in the second quarter of 2019, slowing from a 4.6 percent in the previous period, but above market expectations of 4.2 percent. It was the smallest gain in real wages since the third quarter of 2017, as nominal wages rose by 7.2 percent to CZK 34,105 and inflation grew by 2.8 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.7 percent.
2019-09-03
Czech Wage Growth Slows to Over 1-Year Low in Q1
The average real monthly wage in Czech Republic increased 4.6 percent year-on-year in the first quarter of 2019, easing from a 4.7 percent rise in the previous period. Nominal wages advanced by 7.4 percent to CZK 32,466 and inflation went up 2.7 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.9 percent.
2019-06-04

Czech Republic Real Wage Growth
In Czech Republic, Real Wage Growth measures the year-on-year change in average gross monthly wage per full-time equivalent employee adjusted for inflation.