Average wages - 1. quarter of 2018

In Q1 2018 the average gross monthly nominal wage per FTE employee in the national economy increased by 8.6% compared to the same period of the previous year. In real terms it grew by 6.6%. The median wage was CZK 25 674.

In Q1 2018 the average gross monthly nominal wage¹ (hereinafter only as ‘the average wage’) per FTE employee in the national economy was CZK 30 265, which was by CZK 2 385 (8.6%) more than in the same period of 2017. In the aforementioned period of 2018 consumer prices grew by 1.9% and thus wages increased by 6.6% in real terms. The wage volume grew by 10.8% and the number of employees increased by 2.1%.

Compared to the previous quarter, the seasonally adjusted average wage in Q1 2018 increased by 2.2%.

The median wage (CZK 25 674) increased by 8.3% compared to the same period of the previous year. The male median wage reached CZK 28 031 and the female one was CZK 23 084. Eighty per cent of employees earned wages within the interval from CZK 12 135 to CZK 48 199.

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¹ The average gross monthly nominal 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 concrete employee has. Results of the earnings structure statistics, in which data on earnings of respective employees are available, show that roughly two thirds of employees have the average wage below the national average.
The median wage represents a value of an 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. Conversely to the average wage, which is calculated on the basis of background data from enterprise reports, the median must be derived from a statistical-mathematical model based on a sample survey, because enterprise questionnaires contain just aggregated data for the whole enterprise or organization.
It is necessary to keep in mind the employers pay, from the gross wages, appropriate amounts for premiums for health insurance and social security, income tax advances of natural persons, and other statutory deductions, or deductions agreed with the employee for their employees. The employees are paid net wages.