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International Property News



Czech hourly wage up by 41% since 2000


22nd Sept2008

Average hourly wage has increased by 41 percent in real terms in the Czech Republic in the past 7 years, while the average growth in the EU reached 8 percent, says an analysis of the labour market between 2000 and 2007 published by the Czech Statistical Office (CSU) Friday.

Czech average hourly wage is much lower than in the Western European countries on the one hand, but on the other it is higher than in most countries that have joined the EU since 2004, the CSU said.

Average nominal hourly wage has grown in the Czech Republic from Kc71.3 to Kc117.4 or by 65 percent in the said period. The nominal growth in euros is higher amounting to 111 percent owing to the firming crown. The wage in euros has risen from EUR2 to EUR4.23. The Czech crown currency has strengthened by 28 percent since 2000.

A similar situation is in Slovakia, according to the analysis. Slovak hourly wage has grown by 84 percent on average from Sk70.8 to Sk130.4, which is a growth of 132 percent in euros.

Czech real wage growth is bigger than in the neighbouring countries, the analysis said.

"Average wage in the Czech Republic makes up 25 percent of the German level, while in 2000 it was only 14 percent," CSU chairman Jan Fischer said.

Denmark had the highest hourly wage in the EU last year making up 533 percent of the Czech average, followed by Ireland and Great Britain.

Bulgaria, in contrast, registered the lowest average hourly wage accounting for only 30 percent of the Czech average, the CSU said.

Staff numbers have grown at a record pace in recent years, according to statisticians. The Czech Republic registers more than 5 million people who are employed or involved in business activity nowadays. At the end of last year around 310,000 foreigners worked in the country, double the amount registered in 2000. Around 110,000 Slovaks are employed in the country, followed by Ukrainians (80,000) and Vietnamese (30,000).

The average age of a domestic employee has increased by 1.5 years in the past seven years to 40.7 years for men and 41.2 years for women.

Average wage which, however, is not earned by around two-thirds of employees rose by 8 percent yr/yr to Kc23,182 in the second quarter this year.

The method of calculation of the average wage will change next year, said Fischer.

Small companies with up to 20 staff will start to be included in the quarterly statistics. Their number is growing and their staff pay is lower as a result of which the average wage will be lower than in the previous statistics, Fischer said.

Under the current method, the average wage for Q2 stands at Kc23,182, while under the new method it would reach Kc22,426.

For comparison, statistics using the current method of calculation will also be published by statisticians next year. These statistics only include companies with 20+ staff. Starting in 2010, only data for the entire economy will be released, said Fischer.

Estimates of average hourly wage in EU countries (in Kc):

  2000 2001 2002 2003 2004 2005 2006 2007
Belgium 449 452 424 445 457 442 431 436
Bulgaria 25 26 25 27 29 29 30 35
Czech Republic 71 81 87 92 98 102 109 117
Denmark 655 650 609 647 666 636 619 626
Germany 521 511 473 501 508 480 463 462
Estonia 60 65 66 75 80 82 92 108
Ireland 507 527 499 544 573 558 555 571
Greece 230 228 221 240 259 245 252 261
Spain 271 272 258 278 289 279 276 281
France 470 468 436 460 474 457 451 458
Italy 346 343 320 343 350 341 333 333
Cyprus 309 312 298 322 341 334 333 346
Latvia 48 50 47 49 52 54 63 80
Lithuania 56 56 55 59 61 63 71 85
Luxembourg 520 521 489 524 539 524 512 519
Hungary 62 70 77 82 90 92 90 102
Netherlands 463 467 440 467 479 460 444 451
Austria 402 398 370 389 385 370 360 364
Poland 89 112 98 92 93 101 105 118
Portugal 169 <170 162 171 178 170 164 166
Romania 30 33 32 34 37 45 52 66
Slovenia 170 173 157 170 178 175 178 185
Slovakia 59 60 64 74 83 87 92 107
Finland 439 448 425 460 475 466 454 459
Sweden 533 488 462 496 512 486 478 482
Great Britain 587 581 543 527 574 549 544 559


Source: Prague Monitor
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