Average wages - 3rd quarter of 2020
Average wage increased by 1.7% in real terms
Publication Date: 04. 12. 2020
Product Code: 110031-20
In the Q3 2020, the average gross monthly nominal wage per full-time equivalent (FTE) employee in the national economy increased by 5.1% compared to the corresponding period of the previous year. In real terms, it increased by 1.7%. The median wage was CZK 31 183.
Compared to the previous quarter, the seasonally adjusted average wage increased by 5.8% in the Q3 2020.
The median wage (CZK 31 183) increased by 5.1% compared to the corresponding period of the previous year. The male median wage reached CZK 33 261 and the female one was CZK 28 825. Eighty per cent of employees earned wages within the interval from CZK 16 612 to CZK 55 089.
In the period from Q1 2020 to Q3 2020, the average wage reached CZK 34 611; in the year-on-year comparison, the increment was CZK 1 188 (3.6%). Consumer prices increased for the aforementioned period by 3.3%; the wage increased by 0.3% in real terms.
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1) The average gross monthly 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. The earnings structure statistics, in which data on earnings of respective employees are available, show that about two thirds of employees have a wage below the national average.
The median wage represents a value of an employee wage in the middle of the wage distribution. It means that one half of the wages is lower and the second half of the wages is higher than the median wage. Unlike the average wage, which is calculated based on background data from enterprise reports, the median must be derived from a statistical-mathematical model based on a sample survey, because enterprise questionnaires contain only aggregated data for a whole enterprise or an organisation.
It has to be kept in mind that from the gross wages the employers pay appropriate amounts for premiums for health insurance and social security and income tax advances of natural persons for their employees. The employees are paid net wages.
Notes:
The data are preliminary. Refined data will be available in March 2021.
Responsible head at the CZSO: Dalibor Holý, Director of the Labour Market and Equal Opportunities Statistics Department,
Contact person: Jitka Erhartová, Head of the Labour Statistics Unit,
Method of data acquisition: The direct survey and models of the CZSO; the ISAE (Information System on Average Earnings) model
End of data processing: 20 November 2020
Related data set: 110024-20 Registered number of employees and their wages (the third quarter of 2020),
/current-product/41269
Next News Release will be published on: 8 March 2021