Real average monthly wage up only 2.7% last year

The slowdown in the pace of wage growth in the Slovak economy continued in the fourth quarter of 1998, when the average monthly wage of employees grew to 11,212 Slovak crowns ($280). Compared with the last quarter of 1997, the average nominal wage grew by 8.4%. However, when consumer price rises are taken into account, real wage growth was only 2.4%, the Slovak Statistics Bureau reported on March 16.

From the viewpoint of individual sectors, the financial sector reported the highest average monthly wage (20,706 crowns), followed by power, gas and water distribution (15,331 crowns), the public sector (13,805 crowns) and the R&D, services and real estate sectors (12,875 crowns). As usual, the lowest wages were found in the education sector (8,934 crowns), the hotel and restaurant industry (9,172 crowns) and agriculture (9,183 crowns).

The average nominal monthly wage for 1998 was 10,003 crowns, up 9.6% from the previous year. In real figures, the growth was only 2.7%.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia still dealing with the loss of its talent

Economy minister promises extensive support for hydrogen technologies in Slovakia. Far-right supporters protested in front of PM’s house during the weekend.

The far-right ĽSNS organised a protest in front of PM Igor Matovič's house in Trnava.

Hospital manners expose the toxicity of Kollár

Unjustified privileges overshadow some good news of the coalition's work. Halloween testing will not be repeated during advent time.

PM Igor Matovič (l) and Speaker of Parliament Boris Kollár

Sulík’s party benefits from the dispute with PM Matovič

The Hlas party of former PM Pellegrini is rising, too.

Economy Minister Richard Sulík (l) was charged by PM Igor Matovič (r) to purchase millions of antigen tests.

Anyone can publish a book. Authors often avoid publishers

Self-publishing is setting a new trend.

Nikoleta Kováčová has published two cookbooks without the aid of a publishing house.