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 EUR 1, 250 (CZK 32 870).
According to the Czech Statistical Office, in the Q4 2020, the average gross monthly nominal wage per FTE employee in the national economy was EUR 1, 465 (CZK 38 525), which is by EUR 90 (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%.
Compared to the previous quarter, the seasonally adjusted average wage increased by 1.9% in the Q4 2020.
The median wage EUR 1, 250 (CZK 32 870) increased by 5.4% compared to the corresponding period of the previous year. The male median wage reached CZK 35 129 and the female one was CZK 30 281. Eighty per cent of employees earned wages within the interval from CZK 16 356 to CZK 63 781.
In 2020, the average wage reached EUR 1, 354 (CZK 35 611); in the year-on-year comparison, the increment was EUR 57 (CZK 1 500) (4.4%). Consumer prices increased for the aforementioned period by 3.2%; the wage increased by 1.2% in real terms.
