Living Wage Family in Czech Republic decreased to 20500 CZK/Month in 2018 from 20900 CZK/Month in 2017.

Living Wage Family in Czech Republic averaged 19575 CZK/Month from 2015 until 2018, reaching an all time high of 20900 CZK/Month in 2017 and a record low of 17700 CZK/Month in 2015. Czech Republic Living Wage Family - values, historical data and charts - was last updated on June of 2020.

Living Wage Family in Czech Republic is expected to reach 21177.00 CZK/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Living Wage Family is projected to trend around 21791.00 CZK/Month in 2021 and 22423.00 CZK/Month in 2022, according to our econometric models.

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Czech Republic Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
20500.00 20900.00 20900.00 17700.00 2015 - 2018 CZK/Month yearly

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.40 3.00 9.69 0.09 percent [+]
Unemployed Persons 254040.00 225678.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.60 4.50 0.60 percent [+]
Youth Unemployment Rate 6.20 5.30 21.80 4.80 percent [+]
Labour Costs 120.66 114.36 120.96 56.23 points [+]
Job Vacancies 332478.00 342287.00 351624.00 30803.00 [+]
Wages 36144.00 33697.00 36144.00 6001.00 CZK/Month [+]
Wages in Manufacturing 35151.00 32917.00 35151.00 11827.00 CZK/Month [+]
Minimum Wages 518.97 518.97 518.97 92.35 EUR/Month [+]
Population 10.68 10.63 10.68 9.59 Million [+]
Retirement Age Women 62.67 62.33 62.67 58.00 [+]
Retirement Age Men 63.33 63.17 63.33 61.00 [+]
Labor Force Participation Rate 60.30 60.50 61.00 58.10 percent [+]
Part Time Employment 313.40 319.50 332.80 190.80 Thousand [+]
Living Wage Family 20500.00 20900.00 20900.00 17700.00 CZK/Month [+]
Living Wage Individual 15500.00 15700.00 15700.00 12600.00 CZK/Month [+]
Wages Low Skilled 15700.00 14600.00 15700.00 13400.00 CZK/Month [+]
Wages High Skilled 35400.00 32200.00 35400.00 29500.00 CZK/Month [+]
Wage Growth 1.40 3.60 7.40 -3.10 percent [+]
Productivity 105.90 104.90 105.90 60.80 points [+]
Employed Persons 5277.42 5304.70 5326.33 4675.90 Thousand [+]
Employment Change -0.30 -0.20 1.60 -1.30 percent [+]
Employment Rate 75.30 75.20 75.40 63.70 percent [+]
Full Time Employment 4839.90 4833.90 4848.70 4306.10 Thousand [+]


Czech Republic Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.