Average wage in Czechia increased by 1.7%, in real terms, in Q3 2020

In Q3 2020, the average gross monthly nominal wage per full-time equivalent (FTE) employee in Czechia increased by 5.1% compared to the corresponding period of the previous year.

In real terms, it increased by 1.7%. The median wage was CZK 31,183.

The average gross monthly nominal wage per FTE employee in the national economy was CZK 35,402, which is by CZK 1,716 more than in the corresponding period of 2019.

In the aforementioned period of 2020, consumer prices increased by 3.3% and thus wages increased by 1.7% in real terms.

The wage volume increased by 1.9% and the number of employees decreased by 3.1%.

Compared to the previous quarter, the seasonally adjusted average wage increased by 5.8% in the Q3 2020.

In the period from Q1 2020 to Q3 2020, the average wage reached CZK 34,611; in the year-on-year comparison, the increment was CZK 1,188 (3.6%).

Consumer prices increased for the aforementioned period by 3.3%; the wage increased by 0.3% in real terms.