Czech average wage up in Q4
Photo by Maksym Kapliuk/Shutterstock.com
The average gross monthly salary in the Czech Republic increased by 6.7% in the last quarter of 2019 to CZK 36,144 (EUR 1,423), according to the latest data released by the Czech Statistics Office (CZSO).
Photo by Maksym Kapliuk/Shutterstock.com
In real terms, taking into account inflation, wages increased by 3,6%. However, two thirds of Czech employees earn less than the average wage.
The median wage, a midway between the highest and the lowest levels, was CZK 31,202 (EUR 1,229), up by 6.6% compared to the same period last year.
Some 80% of employees earned wages between CZK 15,365 and CZK 58,398. As for salaries in the capital, Prague, the average monthly wage reached CZK 44,237 in the last quarter of 2019, CZSO said on March 6.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
