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Average monthly wage of employee in economy of the SR in the 2nd quarter of 2021
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Average monthly wage of employee in economy of the SR in the 2nd quarter of 2021

Last update: 03.09.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Demographic and social statistics
Domain: Labour cost
Publish Date: 03.09.2021

The average nominal monthly wage rose the most rapidly in the last sixteen and half years.

The average nominal monthly wage increased year-on-year by 10,5 %, with the last higher increase in the 4th quarter of 2004.

The average nominal monthly wage of an employee in the economy of the SR reached EUR 1 202 in the 2nd quarter of 2021, it was higher by 10,5 % year-on-year which is the highest year-on-year growth of the average wage since the 4th quarter of 2004.

After taking into account the inflation rate, the real wage increased by 8,1 % year-on-year. The seasonally adjusted average wage rose by 1,4 % compared to the previous period (1st quarter of 2021).

Development of average nominal monthly wage - graph

The growth of the average nominal wage compared with the second quarter of last year was recorded by all the 19 monitored sectors of the economy, nine of them were at the level and higher than the national average. Wages rose relatively rapidly in accommodation and food services (by 20,7 %), in arts, entertainment and recreation (by 19,8 %) and in health and social work (by 18,9 %).

The average nominal monthly wage increased year-on-year in all regions, and with one exception, the growth was above 10 % in each of them. The highest relative increases were in Žilinský kraj (by 13,8 %), Prešovský kraj (by 13,4 %) and Košický kraj (by 13,3 %). Wage growth was lower than 10 % only in Bratislavský kraj, though only there was the average nominal monthly wage higher than the average for the entire Slovak economy (EUR 1 467). In other regions, it ranged from EUR 933 in Prešovský kraj to EUR 1 152 in Košický kraj.

In the first half of 2021, the average nominal monthly wage of an employee in the Slovak economy reached the value of EUR 1 163. It increased by 7 % year-on-year, its growth rate accelerated by 4,6 p.p. compared to the corresponding period last year. The real wage increased by 5,3 %.


Note: according to quarterly reporting system; incomes of entrepreneurs are not included, data are adjusted by statistical estimation of non-registered wage of employees working for tradesmen

p.p. percentage point


Source: SO SR, DATAcube [pr0204qs, pr0205qs]

 

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