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Average monthly wage of employee in economy of the SR in the 3rd quarter of 2020
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Average monthly wage of employee in economy of the SR in the 3rd quarter of 2020

Last update: 04.12.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Demographic and social statistics
Domain: Labour cost
Publish Date: 04.12.2020

The average monthly wage increased by 4,2 % to EUR 1 113, the growth was mainly driven by the public sector

The unstable period caused by the Covid-19 pandemic in the 3rd quarter has not yet significantly affected the wage growth. The average nominal monthly wage of an employee in the Slovak economy reached EUR 1 113 in the 3rd quarter and increased by 4,2 % year-on-year. After a unique decline in the nominal value of the average wage in the last quarter, monthly wages increased by an average of EUR 45 year-on-year in the 3rd quarter.

After taking into account the inflation rate, real wage growth reached by 2,7 %. Compared to the 2nd quarter of 2020, the seasonally adjusted average wage rose by 6,7 %.

Development of average nominal monthly wage - graph

In eleven sectors of the economy, wages were lower than the average for the Slovak economy, and in eight, on the contrary, higher. The lowest average nominal wage below EUR 780, had the employees in accommodation and food service activities, in other activities and construction. The highest average monthly wage, above EUR 1 800, was in the information and communication sectors; electricity, gas and steam supply as well as in financial and insurance activities.

In the sectors where most people work, the increases reached 2,1 % in industry and 1,5 % in trade. Compared to the corresponding period last year, the average nominal wage increased in all sectors monitored, with growth reaching from 0,3 % in administrative services to 10,5 % in public administration and defense. Higher increases were also recorded in education (by 10,2 %), health and social work (by 6,7 %) and in professional, scientific and technical activities (by 6,1 %).

In territorial terms, the average nominal monthly wage was higher than on average for the entire economy of the Slovak Republic only in Bratislavský kraj (EUR 1 358). In all the other regions, it ranged from EUR 893 in Prešovský kraj to EUR 1 064 in the Trnavský kraj.

In all regions, the average wage increased year-on-year, with relatively highest increase of up to 7,7 % reflected in Prešovský kraj.

In the 1st to the 3rd quarter of 2020, the average nominal monthly wage of an employee in the economy reached the value of EUR 1 096. It increased by 3 % year-on-year, the real wage increased by 0,9 %. Compared to the corresponding period last year, wage growth slowed down, the growth of nominal wage was by 5,1 p.p. slower and of real wage by 4,5 p.p.

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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