The average real monthly wages in the Czech Republic rose by 3.8 percent year-on-year in the fourth quarter, following an upwardly revised 1.8 percent increase in the previous period and beating market expectations of a 0.5 percent gain. It was the strongest increase in average real monthly wages since the first quarter of 2019, as nominal wages went up by 6.5 percent to CZK 38,525 and inflation was at 2.6 percent. The wage volume increased by 3.5 percent and the number of employees decreased by 2.9 percent. Compared to the previous quarter, wages increased 1.9 percent. source: Czech Statistical Office

Wage Growth in Czech Republic averaged 2.85 percent from 2001 until 2020, 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 April of 2021.

Wage Growth in Czech Republic is expected to be 1.30 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 1.50 in 12 months time. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 1.50 percent in 2022 and 2.90 percent in 2023, according to our econometric models.

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Czech Republic Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
3.80 1.80 7.40 -3.10 2001 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-04 07:00 AM Q1 1.4% 3.6% 1.4% 1.6%
2020-09-03 07:00 AM Q2 -2.5% 1.4% -2.1% -1.2%
2020-12-04 08:00 AM Q3 1.7% -2.5% -0.8% -1.1%
2021-03-08 08:00 AM Q4 3.8% 1.8% 0.5% 0.7%
2021-06-04 07:00 AM Q1 3.8%
2021-09-03 07:00 AM Q2
2021-12-06 08:00 AM Q3
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Czech Real Wages Rise More than Expected in Q4
The average real monthly wages in the Czech Republic rose by 3.8 percent year-on-year in the fourth quarter, following an upwardly revised 1.8 percent increase in the previous period and beating market expectations of a 0.5 percent gain. It was the strongest increase in average real monthly wages since the first quarter of 2019, as nominal wages went up by 6.5 percent to CZK 38,525 and inflation was at 2.6 percent. The wage volume increased by 3.5 percent and the number of employees decreased by 2.9 percent. Compared to the previous quarter, wages increased 1.9 percent.
2021-03-08
Czech Real Wages Unexpectedly Rise in Q3
The average real monthly wages in the Czech Republic rose 1.7 percent year-on-year in the third quarter, following a 2.5 percent decline in the previous period and compared with market consensus of a 0.8 percent drop. Nominal wages went up 5.1 percent to CZK 35,402 but the inflation was 3.3 percent. The wage volume increased by 1.9 percent and the number of employees decreased by 3.1 percent. Compared to the previous quarter, wages increased 5.8 percent.
2020-12-04
Czech Republic Wages Shrink at 2nd Highest Record Rate
The average real monthly wages in the Czech Republic fell 2.5 percent year-on-year in the second quarter of 2020, the biggest decrease since a record 3.1 percent drop in the fourth quarter of 2013. Nominal wages went up 0.5 percent to CZK 34,271 but the inflation was 3.1 percent. The wage volume decreased by 2.9 percent and the number of employees fell 3.4 percent. Compared to the previous quarter, wages fell 3.1 percent.
2020-09-03
Czech Republic Real Wages Rise the Least since 2013
The average real monthly wages in the Czech Republic increased 1.4 percent year-on-year in the first quarter of 2020, the smallest gain since a decline in 2013. Nominal wages rose by 5 percent to CZK 34 077 and prices went up 3.6 percent. The median wage was CZK 29 333 and increased by 5.8 percent year-on-year. The male median wage reached CZK 31 790 and the female one was CZK 26 723. Eighty per cent of employees earned wages within the interval from CZK 15 761 to CZK 53 850.
2020-06-04

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.