Average wages - 4th quarter of 2020
Average wage increased by 3.8% in real terms
In the Q4 2020, the average gross monthly nominal wage per full-time equivalent (FTE) employee in the national economy increased by 6.5% compared to the corresponding period of the previous year. In real terms, it increased by 3.8%. The median wage was CZK 32 870.
In the Q4 2020, the average gross monthly nominal wage1) (hereinafter only as ‘the average wage’) per FTE employee in the national economy was CZK 38 525, which is by CZK 2 363 (6.5%) more than in the corresponding period of 2019. In the aforementioned period of 2020, consumer prices increased by 2.6% and thus wages increased by 3.8% in real terms. The wage volume increased by 3.5%; the number of employees decreased by 2.9%.
In 2020, the average wage reached CZK 35 611; in the year-on-year comparison, the increment was CZK 1 500 (4.4%). Consumer prices increased for the aforementioned period by 3.2%; the wage increased by 1.2% in real terms.
______________________
1) The average gross monthly wage is a share of wage funds (including extra pay for overtime work, bonuses, compensation of wages, etc.) for one employee per month. Therefore, this does not indicate what wage one specific employee has. The earnings structure statistics, in which data on earnings of respective employees are available, show that about two thirds of employees have a wage below the national average.
The median wage represents a value of an employee wage in the middle of the wage distribution. It means that one half of the wages is lower and the second half of the wages is higher than the median wage. Unlike the average wage, which is calculated based on background data from enterprise reports, the median must be derived from a statistical-mathematical model based on a sample survey, because enterprise questionnaires contain only aggregated data for an entire enterprise or organisation.
It has to be kept in mind that from the gross wages the employers pay appropriate amounts for premiums for health insurance and social security and income tax advances of natural persons for their employees. The employees are paid net wages.
Notes:
The data are preliminary. Refined data will be available in June 2021.
Responsible head at the CZSO: Dalibor Holý, Director of the Labour Market and Equal Opportunities Statistics Department,
Contact person: Jitka Erhartová, Head of the Labour Statistics Unit,
Method of data acquisition: The direct survey and models of the CZSO; the ISAE (Information System on Average Earnings) model
End of data processing: 19 February 2021
Related data set: 110024-20 Registered number of employees and their wages (the fourth quarter of 2020),
/current-product/41269
Next News Release will be published on: 4 June 2021
Related analysis: The development of the Czech labour market - 4th quarter of 2020
Attachments
- year 2023 | 4. quarter of 2023 | 3. quarter of 2023 | 2. quarter of 2023 | 1. quarter of 2023
- year 2022 | 4. quarter of 2022 | 3. quarter of 2022 | 2. quarter of 2022 | 1. quarter of 2022
- year 2021 | 4. quarter of 2021 | 3. quarter of 2021 | 2. quarter of 2021 | 1. quarter of 2021
- year 2020 | 4th quarter of 2020 | 3rd quarter of 2020 | 2nd quarter of 2020 | 1st quarter of 2020
- year 2019 | 4th quarter of 2019 | 3rd quarter of 2019 | 2nd quarter of 2019 | 1st quarter of 2019
- year 2018 | 4. quarter of 2018 | 3. quarter of 2018 | 2. quarter of 2018 | 1. quarter of 2018
- 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: 08.03.2021
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