The average real monthly wages in the Czech Republic fell 6.7 percent from a year earlier in the fourth quarter of 2022, following a downwardly revised 9.7 percent decrease in the previous period and compared to market expectations of a 7.2 percent drop. Nominal wages rose 7.9 percent to CZK 43,412, however inflation was 15.7 percent. The wage volume went up 8.9 percent, and the number of employees increased by 0.9 percent. Compared to the previous quarter, the seasonally adjusted average wages grew 2.1 percent. source: Czech Statistical Office

Wage Growth in Czech Republic averaged 2.40 percent from 2001 until 2022, reaching an all time high of 7.40 percent in the third quarter of 2002 and a record low of -9.80 percent in the second quarter of 2022. 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 June of 2023.

Wage Growth in Czech Republic is expected to be -2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 1.80 percent in 2024 and 2.40 percent in 2025, according to our econometric models.

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Czech Republic Real Wage Growth



Calendar GMT Actual Previous Consensus TEForecast
2022-12-05 08:00 AM Q3 -9.8% -9.8% -9.8% -11%
2023-03-06 08:00 AM Q4 -6.7% -9.8% -7.2% -8.6%
2023-06-05 07:00 AM Q1 -6.7% -6.2% -7.0%


Related Last Previous Unit Reference
Wages 43412.00 39880.00 CZK/Month Dec 2022
Wages in Manufacturing 41549.00 38281.00 CZK/Month Dec 2022
Population 10.53 10.50 Million Dec 2022
Wage Growth -6.70 -9.70 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-6.70 -9.70 7.40 -9.80 2001 - 2022 percent Quarterly
NSA

News Stream
Czech Republic Wages Drop in Q4
The average real monthly wages in the Czech Republic fell 6.7 percent from a year earlier in the fourth quarter of 2022, following a 9.8 percent decrease in the previous period and compared to market expectations of a 7.2 percent drop. Nominal wages rose 7.9 percent to CZK 43,412, however inflation was 15.7 percent. The wage volume went up 8.9 percent, and the number of employees increased by 0.9 percent. Compared to the previous quarter, the seasonally adjusted average wages grew 2.1 percent.
2023-03-06
Czech Republic Wages Fall as Expected
The average real monthly wages in the Czech Republic dropped 9.8 percent year-on-year in the third quarter of 2022, the same pace as in the previous period and in line with market forecasts. Nominal wages advanced by 6.1 percent to CZK 39,858, but inflation accelerated to 17.6 percent. The wage volume increased by 7.2 percent, and the number of employees rose by 1 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.8 percent.
2022-12-05
Czech Republic Wages Shrink at Record Pace
The average real monthly wages in the Czech Republic fell a record 9.8 percent year-on-year in the second quarter of 2022, following a 3.8 percent drop in the previous period and compared to market expectations of a 9.5 decrease. Meantime, nominal wages went up 4.4 percent to CZK 40,086, but inflation increased by 15.8 percent. The wage volume increased by 5.7 percent, and the number of employees rose by 1.3 percent. Compared to the previous quarter, wages grew 1.3 percent in Q2 2022.
2022-09-05