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Employment and average monthly wage in selected sectors of economy in March 2024
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Employment and average monthly wage in selected sectors of economy in March 2024

Last update: 13.05.2024
Ilustratívny obrázok/Illustrative image
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 13.05.2024

Wage growth in all sectors exceeded inflation, real wages in retail reached a double-digit growth

Real wages were higher year-on-year in all 10 sectors monitored monthly, as many as 6 of them achieved a wage growth above 5%. Wages rose the least in construction, on the contrary, they were higher by a tenth in the retail trade. Employees increased year-on-year in 8 out of 10 monitored sectors, their decreases were recorded in industry and transportation.

In March 2024, the average nominal monthly wage1) was higher year-on-year in all 10 sectors monitored monthly. It rose at a double-digit rate in three of them, namely in retail trade by 12.5%, industry and in food and beverage service activities by 11.4% as well. After two months, all selected sectors also recorded a growth in real wages, ranging from 0.3% in construction to 10% in retail.

From January 2024, all absolute values and year-on-year index values were recalculated in connection with changes in the data calculation methodology2).

Illustration image - Graph

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In the first three months of 2024, both nominal and real wages rose in all 10 monthly monitored sectors. Nominal wages rose at a double-digit rate above 10% in industry, transportation and storage and also in retail. Real wage growth ranged from 1.2% in information and communication to 8.1% in industry.

Year-on-year employment development

In March 2024, employment3) was higher year-on-year in 8 of the 10 monthly monitored industries. Selected market services had the highest increase in the number of employees exceeding 5%, in information and communication employment increased by 3.6%. Construction and all sectors of internal trade increased the number of employees more moderately, ranging from 0.4% to 2.4%. Industry continued to record a long-term decrease in employees, currently in employment it decreased by 2.4%. It was the most significant employment decrease in this sector since March 2022. Transportation and storage, also recorded a decrease in the number of employees for the second month, currently by 0.4%.

From January to March 2024, employment rose in 6 out of 10 sectors, the fastest in selected market services and information and communication. Year-on-year lower numbers of employees were recorded in industry, wholesale, retail, as well as transportation and storage.

Note: Data on employment and wages are obtained from monthly enterprise surveys and are preliminary.

  • 1) wages are without business income, including wages of employees at self-employed persons
  • 2) Due to the change of the methodology - transition to a new base period (from 2015 to 2021), the entire time series of data was recalculated from the publication of data for January 2024 – more in the document Change of the base period and the classification according to activity units (PDF - 183 kB)
  • 3) employed persons are employees and entrepreneurs

Data source: DATAcube. database:

Outputs on the topic of employment and average monthly wages in selected sectors:

Together with the publication of the data for January 2024, the entire time series were recalculated in connection with the adopted modifications of the methodology - Change of the base period and the classification according to activity units (PDF - 183 kB).

Monthly data on nominal wages and employment represent the first preliminary data on wages in selected sectors. The Statistical Office of the SR publishes them only for 10 selected sectors - industry; construction; transport and storage; information and communication; selected market services; internal trade (retail, wholesale, sale and repair of motor vehicles, accommodation, food and beverage service activities). The data are prepared on the basis of monthly business reports.

The reference data on average wages in Slovakia are data for the quarter, which contain data in summary for 19 sectors of the economy (among others. - Education; Health care and social assistance; Professional scientific and technical activities; etc.) and the average wage for the Slovak Republic is also compiled from them. The data are prepared on the basis of quarterly reports.

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  • Statistical Office of the SR
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  • 840 05 Bratislava 45
  • Slovak Republic
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  • +421 2 50 236 335
  • e-mail: info@statistics.sk

While publishing of the whole information report or its parts, please state the source of information, the Statistical Office of the Slovak Republic. The Statistical Office of the SR creates high-quality statistics useful for society according to 16 principles regarding the institutional environment, statistical processes and outputs in line with the Code of Practice for European Statistics.


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