Labour Costs in Czech Republic increased to 131.09 points in the first quarter of 2021 from 129.79 points in the fourth quarter of 2020. source: European Central Bank

Labour Costs in Czech Republic averaged 91.41 points from 1994 until 2021, reaching an all time high of 131.09 points in the first quarter of 2021 and a record low of 56.23 points in the first quarter of 1996. This page provides - Czech Republic Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Labour Costs - values, historical data and charts - was last updated on July of 2021.

Labour Costs in Czech Republic is expected to be 134.00 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 132.64 in 12 months time. In the long-term, the Czech Republic Labour Costs is projected to trend around 136.49 points in 2022 and 140.45 points in 2023, according to our econometric models.

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Czech Republic Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
131.09 129.79 131.09 56.23 1994 - 2021 points Quarterly
2010=100, NSA

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.70 3.90 9.69 0.09 percent [+]
Unemployed Persons 273302.00 285822.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.70 0.70 4.50 0.50 percent [+]
Youth Unemployment Rate 7.50 8.30 21.80 4.80 percent [+]
Labour Costs 131.09 129.79 131.09 56.23 points [+]
Job Vacancies 355612.00 346604.00 355612.00 30803.00 [+]
Wages 35285.00 38525.00 38525.00 6001.00 CZK/Month [+]
Wages in Manufacturing 33833.00 36569.00 36569.00 11827.00 CZK/Month [+]
Minimum Wages 596.36 579.22 596.36 92.35 EUR/Month [+]
Population 10.70 10.68 10.70 9.59 Million [+]
Retirement Age Women 63.83 63.67 63.83 58.00 [+]
Retirement Age Men 63.83 63.67 63.83 61.00 [+]
Part Time Employment 277.10 280.50 332.80 190.80 Thousand [+]
Labor Force Participation Rate 59.90 59.90 61.00 58.10 percent [+]
Wage Growth 1.00 3.80 7.40 -3.10 percent [+]
Productivity 107.30 110.90 110.90 60.80 points [+]
Employed Persons 5195.00 5217.23 5326.33 4675.90 Thousand [+]
Employment Change 0.30 -0.50 1.20 -1.50 percent [+]
Employment Rate 74.30 74.40 75.40 63.70 percent [+]
Full Time Employment 4746.20 4788.80 4848.70 4306.10 Thousand [+]