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Average monthly wage in Q1 was Sk20,443

The average nominal monthly wage in Slovakia grew 10.4 percent year-on-year to Sk20,443 in the first quarter of this year. Real wage growth accounted for 6.2 percent, the SITA newswire wrote.

The average nominal monthly wage in Slovakia grew 10.4 percent year-on-year to Sk20,443 in the first quarter of this year. Real wage growth accounted for 6.2 percent, the SITA newswire wrote.

The highest average monthly wage was in financial intermediation at Sk46,334, followed by production and distribution of electricity, natural gas, and water with Sk27,736, the Slovak Statistics Office stated on June 3. Eight sectors reported wages lower than average: employees of hotels and restaurants had the lowest average nominal wage in the monitored period, amounting to Sk14,158. The nominal wage in the sector of other social services amounted to Sk14,961, while wage in the construction sector was Sk15,378 and wage in the farm sector and fisheries was Sk16,725.

The average nominal monthly wage in all the sectors grew in comparison
with the Q1 2007. The general government and defense reported the fastest growth at 18.1 percent, followed by the health and social services sector at 16.4 percent, raw materials extraction at 14.8 percent, real estate and rental at 11.7 percent and the education sector at 11.4 percent. The lowest wage growth was in hotels and restaurants, 3.8 percent.

Concerning the legal form of employers, the average nominal monthly wage in budget-subsidised organisations rose 15.9 percent to Sk19,758, in budget-partly subsidised organisations 12.2 percent to Sk17,602, in the business sector in firms with 20 and more employees 9.9 percent to Sk23,272 and in small businesses up to 19 employees 8.1 percent to Sk18,481. SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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