Q2 2019: Average Salary Exceeds CZK 34,000 (EUR 1,316) for the First Time, 2/3 of Population Earns Less
In Q2 2019, the average wages in the Czech Republic rose by over 7% year-on-year, thus breaking the bar for 34 thousand crowns for the first time. However, it is true that two-thirds of workers do not reach the average wage. The median has not yet broken “the psychological threshold” of CZK 30,000. Photo: Jobspin Job Fair. Credit: Casadei Graphics / Jobspin.
Czech Rep., Sep 3 (JS) – According to today’s data released by the Czech Statistical Office (CZSO), the average wage increased to CZK 34,105 in Q2. This is 2,290 or 7.2% more compared to the same period last year. In real terms, after deducting inflation, Czech wages increased by 4.3%. Consumer prices increased by 2.8% over the period. The public sector was the main driver of investment and growth, economists agree.
On average, two-thirds of employees do not reach the average salary. Most people’s wages approach the so-called median, which does not include wage extremes, the highest and lowest values. The median has not yet broken the “psychological threshold” amount of CZK 30,000. It grew at a similar rate as the average wage, by almost 7% to CZK 29,127. Men earned a median of 31,764 crowns, while women earned over CZK 5.000 less, CZK 26,375.
Eighty percent of employees received wages between CZK 14,955 and CZK 55,259, the statistical office said.
Czech Job Market
The job market demand remained extremely high in the first half of 2019. The results of the Labor Force Sample Survey (LFSS) confirmed a record high overall employment, which reached almost 5.3 million people; the second quarter of 2019 brought employment rate of 75.0% in the 15–64 age group.
Changes in the age structure of the employed are significant. CZSO reports a decrease in the number of young working persons and a significant increase in the groups of the employed over the age of 45, including an increase in the oldest category of 65 years and more. The entire increase in employment is on the part of employees; the number of the self-employed has decreased.
The news and tips for people who would like to find a job in Prague or Brno were prepared by the Jobspin team: a mix of interns, graduates, and university drop outs. Like what you’re reading? Subscribe to monthly news highlights in the Czech job market and economy – Newsletter Sign Up. Stay tuned – more reading is coming next week.
TIP: The Czech economy has been booming for the last few years, and maybe you are thinking about moving here. Yet, you are worried: what are the best paying jobs in Prague? Which field has the best salary? Should you move to Brno instead? In this article “Career Guide: Jobs And Salaries In Prague And Brno By Sectors And Positions In 2019“, we will give you an overview of the salary levels and economic situation in the Czech Republic, to help you find the best solution for your career.
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