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

Last update: 12.04.2024
Ilustračný obrázok
Publisher: Statistical Office of the SR
Topic: Sectoral statistics
Domain: Comprehensive products
Publish Date: 12.04.2024

Nominal wages rose in all sectors, but employment continued to decline in some of them

Nominal wages were higher year-on-year in all sectors, growing at a double-digit rate in 3 of them. Real wage growth was also recorded in 9 sectors, there was a slight lag behind at the level of half a percent only in information and communication. Employment was higher year-on-year in 6 out of 10 sectors monitored monthly, the numbers of employees was lower in industry, trade and transportation.

The average nominal monthly wage in February 2024 was higher year-on-year in all 10 sectors monitored monthly. It increased at a double-digit rate in three of them, i.e.  in transportation and storage by 13%, industry by 12.6% and accommodation by 10.9%. After taking into account the impact of inflation, which is slowly decreasing, wages also rose in real terms, in all sectors except information and communication. Real wage growth ranged from less than 4% in wholesale and construction to more than 9% in transportation, including storage. Real wage growth above 9% was last recorded in January 2023 in accommodation.

The Statistical Office of the SR would like to inform that since the publication of the data for January 2024, all absolute values and values of year-on-year and month-on-month indices of the employment and wages have been re-calculated due to methodological adjustments – The classification according to activity units2) (PDF - 154 kB). The change relates to all monthly indicators of sectoral statistics.

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In February 2024, employment2) rose in 6 out of 10 sectors monitored monthly. Selected market services and information with communication had the highest increases in the number of employees above the level of 3%. Employment rose at a slower pace, from 0.5% to 2.5%, in construction, sale and repair of motor vehicles, food and beverage service activities, and accommodation. Employment in industry has been decreasing for the last two years, currently it was lower by 2%. A decrease in the number of employees by 1.6% was also reported by both wholesale and retail trade, and employment dropped in transportation, including storage by 1%.

In the first two months of 2024, nominal wages rose in all 10 sectors monitored monthly. Wages in industry and transportation and storage, rose at a double-digit rate of over 11%. Real wages in 9 sectors were in year-on-year growth, ranging from 2.4% to 7.7%. So far, only wages in information and communication have not resisted inflation, they dropped by 1.2%.

From January to February, employment rose in six sectors, the fastest in selected market services and in information and communication. Year-on-year, a lower number of employees was registered in industry, wholesale, retail sale and in 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) since the publication of data for January 2024, the entire time series of data has been recalculated due to methodological adjustments: transition to a new base period (from 2015 to 2021); applying the concept of classifying selected indicators according to kind-of-activity units of enterprises.
  • 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 - 154 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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