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.

Living Wage Family in Czech Republic is expected to be 18300.00 CZK/Month by the end of this quarter, 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 18800.00 CZK/Month in 2020, according to our econometric models.

Czech Republic Living Wage Family
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Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.70 2.70 9.69 0.09 percent [+]
Unemployed Persons 201907.00 204789.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.70 0.60 4.50 0.60 percent [+]
Youth Unemployment Rate 5.10 6.40 21.80 5.10 percent [+]
Labour Costs 122.10 125.92 125.92 57.46 Index Points [+]
Job Vacancies 345354.00 350564.00 350564.00 30803.00 [+]
Wages 34105.00 32466.00 34105.00 6001.00 CZK/Month [+]
Wages in Manufacturing 34364.00 31798.00 34364.00 11827.00 CZK/Month [+]
Minimum Wages 518.97 468.87 518.97 92.35 EUR/Month [+]
Population 10.61 10.59 10.61 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 [+]
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 [+]
Part Time Employment 332.80 327.10 332.80 190.80 Thousand [+]
Productivity 110.60 102.30 123.50 62.40 Index Points [+]
Wages High Skilled 35400.00 32200.00 35400.00 29500.00 CZK/Month [+]
Wage Growth 4.30 4.60 7.40 -3.10 percent [+]
Wages Low Skilled 15700.00 14600.00 15700.00 13400.00 CZK/Month [+]
Employed Persons 5295.93 5305.53 5326.33 4675.90 Thousand [+]
Employment Change 0.00 0.60 1.60 -1.30 percent [+]
Employment Rate 75.00 75.00 75.40 63.70 percent [+]
Full Time Employment 4821.60 4848.70 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. Czech Republic Living Wage Family - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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




Country Last Previous
Argentina 14400.00 Dec/18
Australia 2790.00 Dec/18
Brazil 2360.00 Dec/18
Canada 2580.00 Dec/18
France 1790.00 Dec/18
Germany 1990.00 Dec/17
India 19400.00 Dec/18
Indonesia 2954800.00 Dec/18
Italy 1440.00 Dec/18
Mexico 7900.00 Dec/18
Netherlands 1560.00 Dec/18
Russia 23700.00 Dec/18
South Africa 11300.00 Dec/18
Spain 1150.00 Dec/18
Turkey 3190.00 Dec/18
United Kingdom 1300.00 Dec/18
United States 2380.00 Dec/18


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