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Average monthly wage of employee in economy of the SR in the 3rd quarter of 2021
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Average monthly wage of employee in economy of the SR in the 3rd quarter of 2021

Last update: 03.12.2021
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Demographic and social statistics
Domain: Labour cost
Publish Date: 03.12.2021

Wages rose by 6.5 % year on year, the real growth was slowed down by inflation

Compared to the last year, higher wages were recorded in all 19 monitored sectors of the economy despite the ongoing coronacrisis. A growth was supported by the best paid sectors - information technologies and finance. At the same time, all economic activities increased by more than 6 %, except of administrative services, compared to the same period before the pandemic (compared with the 3rd quarter of 2019).

The average nominal monthly wage of an employee in the economy of the SR reached EUR 1,185. Compared to the 3rd quarter of the previous year, it increased by 6.5 %, which represented, on average, EUR 72. A growth rate rose by 2.3 percentage points compared to the same period last year. Higher inflation was absorbed by a wage increase, but it still maintained a growing trend, real wagerose by 2.5 % year on year. The seasonally adjusted average wage increased by 0.6 % compared to the 2nd quarter of 2021.


Development of average nominal monthly wage - graph

In the 3rd quarter of 2021,a year-on-year wage growth was mostly affected by the sectors with the highest long-term average nominal wage, such as information and communication, where wages rose, on average, by 11.5 % or financial and insurance activities (by 8.3 %). A growth rate was also affected by real estate activities (by 12.9 %) and by wages in the health and social work sector (by 9.9%), which was due to remuneration and overtime paid for work during the pandemic.

Compared to the same period last year, the average wage increased in all 19 sectors of the economy. In eleven of them, the wage was lower than the average for the economy of the SR. The lowest growth was recorded in administrative services by 1 % and wages in accommodation and food service activities grew relatively fastest (by 14.6 %). Compared to the pre-pandemic period, wages of employees in this sector increased by EUR 110 per a month, but they still have the lowest average wage of any sector of the economy, the only one that did not exceed the level of EUR 800. Compared to the same period before the pandemic (3rd quarter of 2019), nominal wages increased from 1.3 % in administrative services to 17.2 % in health and social work activities.

From a regional point of view, the average nominal monthly wage was higher than the average for the whole economy of the SR only in Bratislavskýkraj (EUR 1,429). Trnavský kraj (EUR 1,146) is closest to it. In seven regions, the average gross wage exceeded the level of EUR 1,000. Prešovský kraj continues to remain the region with the lowest average wage (EUR 945). In all regions, wages were higher than in the 3rd quarter of 2020, the highest relative increase was recorded in Košický kraj by 10.7 % and the lowest one in Banskobystrický krajby 5 %. Compared to the same period before the pandemic (with the 3rd quarter of 2019), wages increased the most in relative terms by 14 % in Prešovský kraj and the least by 9% in Bratislavský kraj.

In the 1st to 3rd quarter of 2021, the average nominal monthly wage of an employee in the economy of the SR reached the value of  EUR 1,170. It increased by 6.8 % year-on-year, its growth rate rose by 3.8 p.p. compared to the same period last year. The real wage increased by 4.3 %. In total, in the first three quarters, a year-on-year growth was mainly due to higher wages of employees in health and social work activities and higher wages in information and communication.

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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