The real wage in Slovakia declined 4 percent year-on-year in the third quarter of 2022, after a 4.5 percent fall in the previous period. The growth of the average nominal monthly wages accelerated to 9.4 percent year-on-year to EUR 1,296, while the average inflation hit 13.9 percent. All monitored sectors of the economy recorded growth in the average nominal wage, but none of them increased enough to compensate for the high inflation. Employees in real estate, administrative services, and mining and quarrying felt the most significant drop in real wages at the level of 8-9 percent. Considering the first three quarters of 2022, the real wage fell by 3.3% and the average nominal monthly wage jumped 8.2% to EUR 1,266, compared to the same period a year earlier. source: Statistical Office of the Slovak Republic
Wage Growth in Slovakia averaged 1.46 percent from 1991 until 2022, reaching an all time high of 14.70 percent in the third quarter of 1992 and a record low of -33.10 percent in the first quarter of 1991. This page provides - Slovakia Real Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia Real Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.
Wage Growth in Slovakia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Slovakia Real Wage Growth is projected to trend around 3.00 percent in 2023 and 2.80 percent in 2024, according to our econometric models.