Slovakia's average monthly nominal wage reached Sk21,226 (€704.57) in 3Q08, up by 8.8 percent year-on-year, and real salaries (factoring in inflation) rose 3.5 percent, the Statistic Office reported on Thursday in Bratislava. The highest average monthly wage was Sk38,250 (€1269.67) in financial procurement, followed by energy, gas, and water distribution with an average salary of Sk31,724 (€1053.04).
Higher-than-average wages were also recorded in public administration and defence, real estate, rentals and business activities, mining, transport, warehousing, postal services, telecommunications and trade. The lowest average monthly wage in 3Q08, Sk16,153 (€536.18), was in hotels and restaurants.
The biggest year-on-year increase in average monthly salaries in 3Q08 was recorded in public administration and defence, where the average wage rose by 12 percent; followed by salaries in energy, gas, and water distribution with 11.4-percent growth. Year-on-year growth of more than 10 percent was also seen in agriculture, fishing, mining and trade. After taking inflation into consideration, the real wage was higher than in 2007 in all the sectors apart from hotels and restaurants.
According to the Statistics Office, the minimum average monthly nominal wage in 3W08 was Sk21,042 (€698.47), representing a 9.4-percent increase year-on-year. The real wage thus rose by 4.7 percent. Compared to 2007 the nominal wage grew faster by 2.5 points and the real wage by 0.5 points. TASR
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
5. Dec 2008 at 12:30