Czech Republic sees fast wage growth in past decade

In the past decade, wages in the Czech Republic have risen by 51 percent, which is the most compared to neighbouring countries. Wages in the Czech Republic have been growing almost twice as fast as in Germany or Slovakia, according to a survey by the company Purple Trading.

The slowest wage growth is in Germany, where wages grew by 26.5 percent in the last ten years, followed by Slovakia with a growth of 27.1 percent, and Poland with 34 percent. Wages in Austria have risen by 36.9 percent since 2010.

Nominally, however, the Czech Republic is way behind Germany, where the gross monthly wage reaches the equivalent of 106,436 crowns, which is 193 percent more than in the Czech Republic.