The average real monthly wages in the Czech Republic increased 1.4 percent year-on-year in the first quarter of 2020, the smallest gain since a decline in 2013. Nominal wages rose by 5 percent to CZK 34 077 and prices went up 3.6 percent. The median wage was CZK 29 333 and increased by 5.8 percent year-on-year. The male median wage reached CZK 31 790 and the female one was CZK 26 723. Eighty per cent of employees earned wages within the interval from CZK 15 761 to CZK 53 850.
Wage Growth in Czech Republic averaged 2.95 percent from 2001 until 2020, reaching an all time high of 7.40 percent in the third quarter of 2002 and a record low of -3.10 percent in the fourth quarter of 2013. This page provides - Czech Republic Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Real Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Wage Growth in Czech Republic is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Czech Republic to stand at 3.30 in 12 months time. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 2.90 percent in 2021, according to our econometric models.