Average wage in Prague hits 41,964 CZK in the second quarter of 2019

Prague again had the highest average wages in the Czech Republic

The average gross monthly nominal wage for a full-time employee in the Czech economy in the second quarter of 2019 increased 7.2%, compared to the same period of the previous year. In real terms it grew by 4.3%. Prague again had the highest average wages in the Czech Republic.

In Q2 2019 the average wage for a full-time employee in the national economy was 34,105 CZK, which was 2,290 CZK (7.2%) more than in the same period of 2018. In Q2 2019 consumer prices grew by 2.8% meaning wages increased 4.3% in real terms. The wage volume grew by 7.7% and the number of employees increased by 0.5%. There were some 4,095,200 full-time employees in the country.

Compared to the first quarter of 2019, the seasonally adjusted average wage in Q2 2019 increased by 1.7%.

The average gross monthly nominal wage is a share of wage funds for one employee per month. It does not indicate what wage one concrete employee has. Statistics show that roughly two-thirds of employees have a wage below the national average.

Nationwide, the median wage was 29,127 CZK. It increased by 6.9 % compared to the same period of the previous year. The male median wage reached 31,764 CZK and the female wage was 26,375 CZK. Some 80% of employees earned wages between 14,955 CZK and 55,259 CZK. The median wage represents the 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.

In the first half of 2019 the average wage reached 33,297 CZK and it increased by 2,272 CZK or 7.3%, compared year-on-year. In H1 2019 consumer prices grew by 2.8% meaning that wages increased by 4.4% in real terms.

In Prague, the average wage in Q2 2019 was 41,964 CZK, up 2,490 CZK or 6.3% from the same time in 2018. The number of full-time employees in Prague increased 2.7 percent to reach 844,200.

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Central Bohemia was in second place, with an average wage of 36,153 CZK, up 2,500 CZK or 7.4%. The number of employees increased by only 0.2% to reach 413,700.

The Plzeň region was in third place, with 32,986 CZK, followed by the Hradec Králové with 32,587 CZK and South Moravia with 32,582 CZK in Q2 2019.

The lowest average wages were in the Karlovy Vary region, with 29,691 CZK, the only region to fall below 30,000 CZK. But that was an increase of 7.1% compared to the previous year.

The economic sector with the highest average wages was finance and insurance, at 63,842 CZK. Information and communication was second, at 57,795 CZK. Third place went to electric, gas, steam, and air conditioning supply, at 47,205 CZK. The largest increase was in education, which rose 11.4% to reach 33,639 CZK.

In terms of sheer numbers, manufacturing was in first place with 1,151,200 employees, but this was down 0.6 percent from Q2 2018. That sector had an average wage of 34,364, up 6.5 percent from last year.

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