Czech Republic - Real Wages & Salaries





Czech Republic: Real Wages & Salaries

Mnemonic YPEWS$.ICZE
Unit Real Index, corresponding period of previous year = 100
Quarterly 1.23 %
Data 2018 Q4 104.7
2018 Q3 106

Series Information

Source The Czech Statistical Office (CZSO)
Release Wages
Frequency Quarterly
Start Date 3/31/1998
End Date 12/31/2018

Czech Republic: Labor

Reference Last Previous Units Frequency
Labor Force 2019 Q1 5,434 5,429 Ths., SA Quarterly
Labor Force Employment 2019 Q1 5,327 5,316 Ths., SA Quarterly
Unemployment 2019 Q1 106.46 112.88 Ths., SA Quarterly
Unemployment Rate 2019 Q1 1.96 2.08 %, SA Quarterly
Primary Industries Employment 2018 Q4 144.7 151.39 Ths., NSA Quarterly
Real Wages & Salaries 2018 Q4 104.7 106 Real Index, corresponding period of previous year = 100 Quarterly
Total Employment 2018 Q4 5,326 5,298 Thousands, NSA Quarterly
Wage & Salaries 2018 Q4 33,840 31,516 Nominal local currency, NSA Quarterly
Agriculture Employment 2017 146.33 149.08 Ths. Annual

Release Information

For the Czech Republic, average gross monthly wage by NACE Rev. 2 industry. Quarterly from 2000.

The average gross monthly wage is the ratio of wages excluding other personnel expenses per registered employee per month. The wage includes basic wage and salaries, supplementary and additional wage or salary payments, bonuses and remunerations, wage and salary compensation, awards for working readiness and other wage or salary components, which were part of the employees‘ pay in the given period. The wage excludes wage or salary compensations for the first 14 calendar days of temporary incapacity for work (quarantine) paid by the employer.

This refers to gross wage, i.e., wage before the health insurance and social security deductions, before income tax advance, and before other legal or agreed-on deductions.

Changes in average nominal wage rate is representative of changes in average nominal wage compared to the corresponding period of the previous year, while changes in the average real wage rate is the ratio of average nominal wage index and consumer price index of that period. 

Data is in alignment with the Classification of Economic Activities (national version NACE Rev. 2) and any new methods of estimates were applied in accordance with the source's administrative data sources.