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

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 July of 2021.

Living Wage Family in Czech Republic is expected to reach 21074.00 CZK/Month by the end of 2021, 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 21559.00 CZK/Month in 2022 and 22184.00 CZK/Month in 2023, 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 3.70 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 [+]


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.