Living Wage Individual in Czech Republic decreased to 15500 CZK/Month in 2018 from 15700 CZK/Month in 2017.

Living Wage Individual in Czech Republic averaged 14475 CZK/Month from 2015 until 2018, reaching an all time high of 15700 CZK/Month in 2017 and a record low of 12600 CZK/Month in 2015. Czech Republic Living Wage Individual - values, historical data and charts - was last updated on March of 2020.

Living Wage Individual in Czech Republic is expected to reach 16012.00 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 Individual is projected to trend around 16476.00 CZK/Month in 2021 and 16954.00 CZK/Month in 2022, according to our econometric models.

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Czech Republic Living Wage Individual

Actual Previous Highest Lowest Dates Unit Frequency
15500.00 15700.00 15700.00 12600.00 2015 - 2018 CZK/Month yearly

Czech Republic Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.00 3.10 9.69 0.09 percent [+]
Unemployed Persons 227369.00 230022.00 629274.00 3000.00 [+]
Long Term Unemployment Rate 0.60 0.60 4.50 0.60 percent [+]
Youth Unemployment Rate 5.30 4.80 21.80 4.80 percent [+]
Labour Costs 120.66 114.36 120.96 56.23 points [+]
Job Vacancies 351624.00 341391.00 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 [+]
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 [+]
Labor Force Participation Rate 60.50 60.30 61.00 58.10 percent [+]
Part Time Employment 319.50 325.70 332.80 190.80 Thousand [+]
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 3.60 4.00 7.40 -3.10 percent [+]
Productivity 120.60 122.70 123.50 62.40 points [+]
Employed Persons 5304.70 5307.76 5326.33 4675.90 Thousand [+]
Employment Change -0.20 0.00 1.60 -1.30 percent [+]
Employment Rate 75.20 75.00 75.40 63.70 percent [+]
Full Time Employment 4833.90 4815.70 4848.70 4306.10 Thousand [+]


Czech Republic Living Wage Individual
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.