Average wages - 3. quarter of 2016
Average Wage Increased by 4.0% in Real Terms
In Q3 2016 the average gross monthly nominal wage per FTE employee in the national economy increased by 4.5% compared to the corresponding period of the previous year. In real terms it grew by 4.0%. The median wage was CZK 23 527.
In Q3 2016 the average gross monthly nominal wage1) (hereinafter only as “the average wage”) per FTE employee in the national economy was CZK 27 220, which was by CZK 1 170 (4.5%) more than in the same period of 2015. In the aforementioned period of 2016 consumer prices grew by 0.5% and thus wages increased by 4.0% in real terms. The wage volume grew by 6.1% and the number of employees increased by 1.6%.
The average wage in the business sphere increased nominally by 4.5%, that means its growth was 4.0% in real terms; in the non-business sphere the average wage increased nominally by 4.6%, and thus grew by 4.1% in real terms.
Compared to the previous quarter, the seasonally adjusted average wage in Q3 2016 increased by 1.1%.
The median wage (CZK 23 527) increased by 5.1% compared to the same period of the previous year. The male median wage reached CZK 25 720 and the female one was CZK 20 961. Eighty per cent of employees earned wages within the interval from CZK 11 365 to CZK 43 349.
In the period from Q1 to Q3 2016 the average wage reached CZK 27 000 and its increment was CZK 1 101 (4.3%), compared year-on-year. In the aforementioned period of 2016 consumer prices grew by 0.4% and thus wages increased by 3.9% in real terms.
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The business sphere and the non-business one are delimited using the ESA 1995 methodology for the national accounts compilation. This type of breakdown will be last time published for 2016 and since the reference year 2017 will not be available any more.
The median wage represents a value of an employee wage in the middle of the wage distribution. That means one half of the wages is lower and the second half of the wages is higher than the median wage. Conversely to the average wage, which is calculated on the basis of background data from enterprise reports, the median must be derived from a statistical-mathematical model based on a sample survey, because enterprise questionnaires contain just aggregated data for the whole enterprise or organization.
It is necessary to keep in mind the employers pay, from the gross wages, appropriate amounts for premiums for health insurance and social security, income tax advances of natural persons, and other statutory deductions, or deductions agreed with the employee for their employees. The employees are paid net wages.
Notes:
The data are preliminary; revised data will be available in March 2017.
Responsible head at the CZSO: D Holý, Director of the Labour Market and Equal Opportunities Statistics Department, phone +420 274 052 694, e-mail: dalibor.holy@czso.cz
Contact person: J Erhartová, Head of the Labour Statistics Unit, phone +420 274 052 116, e-mail: jitka.erhartova@czso.cz
Method of data acquisition: The direct survey and models of the CZSO, and the ISAE (Information System on Average Earnings) model
End of data processing: 22 November 2016
Related data set: 110024-16 Registered Number of Employees and Their Wages (3rd Quarter of 2016), /current-product/41269
Next News Release will be published on: 10 March 2017
Related analysis: The development of employees wages - 3. quarter of 2016
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- year 2017 | 4th quarter of 2017 | 3rd quarter of 2017 | 2nd quarter of 2017 | 1st quarter of 2017
- year 2016 | 4. quarter of 2016 | 3. quarter of 2016 | 2. quarter of 2016 | 1. quarter of 2016
- year 2015 | 4. quarter of 2015 | 3. quarter of 2015 | 2. quarter of 2015 | 1. quarter of 2015
- year 2014 | 4 quarter 2014 | 3 quarter 2014 | 2 quarter 2014 | 1 quarter 2014
- year 2013 | 4th quarter of 2013 | 3rd quarter of 2013 | 2nd quarter of 2013 | 1st quarter of 2013
- year 2012 | 4th quarter of 2012 | 3rd quarter of 2012 | 2nd quarter of 2012 | 1st quarter of 2012
- year 2011 | 4th quarter of 2011 | 3rd quarter of 2011 | 2nd quarter of 2011 | 1st quarter of 2011
- year 2010 | 4th quarter of 2010 | 3rd quarter of 2010 | 2nd quarter of 2010 | 1st quarter of 2010
Published: 05.12.2016
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz