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Average monthly wage of employee in economy of the SR in the 1st quarter of 2020

Average monthly wage of employee in economy of the SR in the 1st quarter of 2020

Last update: 05.06.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Demographic and social statistics
Domain: Labour cost
Publish Date: 05.06.2020

Average nominal monthly wage continued to increase, it rose by 6,2 %, year-on-year to EUR 1 086, however, the dynamics of growth slowed down by 0,9 p.p.

The average nominal monthly wage of an employee in the economy of the SR reached EUR 1 086. Compared with the 1st quarter of last year, it grew by 6,2 %, its dynamics of growth slowed down , year-on-year by 0,9 p.p.

Taking into account the inflation rate, the increase of the real wage reached 3,3 %. Compared with the 4th quarter of 2019, the seasonally adjusted average wage grew by 1,4 %.

Development of average nominal monthly wage - graph

The highest level of average monthly wage was reached in the sectors of financial and insurance activities (EUR 2 085), electricity, gas, steam and air-conditioning supply (by EUR 2 070) and in information and communication (EUR 1 972). In eleven sectors, the wage was lower than the average in the SR economy. The lowest average nominal wage was recorded by employees in accommodation and food service activities (EUR 594), in other activities (by EUR 654) and in construction (by EUR 723).

Compared with the corresponding period last year, the average nominal monthly wage increased in all sectors, relatively the most rapidly in electricity, gas, steam and air-conditioning supply (by 13,9 %), in public administration and defense (by 11,6 %) and in education (by 10,1 %).

In territorial terms, the average nominal monthly wage was higher than the average of the total economy of the SR only in Bratislavský kraj (EUR 1 394). In other regions, it ranged from EUR 834 in Prešovský kraj to EUR 1 007 in Trenčiansky kraj.

The average wage increased year-on-year, in all regions with the highest relative increase by 7,9 % in Nitriansky kraj and with 7,8 % in Banskobystrický kraj.


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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