Stats: Czech income has risen from one-third to two-thirds of EU average

The average annual net income in Czechia has risen from one-third to about two-thirds of the European Union average since the country joined the bloc in 2004, according to Eurostat data cited by the Czech News Agency on Saturday.

In 2022 Czech average annual net income was the 10th lowest in the EU. However, Czechia has overtaken older member states Portugal and Greece on this metric.

The Czech price level is gradually approaching the average price level in the 27. While 10 years ago it stood at 65 percent, two years ago it was 84 percent. People in Czechia had the 10th weakest purchasing power and could buy about a fifth less goods than the average EU resident.