Slovaks Improved: Wages Grew Fastest in the Last Year
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4 Articles
The rapid growth of wages was contributed by the state, which paid out one-off bonuses. The potential for further growth is limited by the consolidation of public finances. Although inflation in Slovakia is still relatively high, wage growth significantly exceeded it in the second quarter. However, the significant increase in wages was significantly contributed by bonuses received by workers in the public sector, for example in healthcare and ed…
Growth in education and public administration was affected by a one-time state bonus
Bratislava - The average monthly wage in Slovakia increased by 8.8 percent year-on-year to 1,654 euros (40,410 CZK) in the second quarter of this year. It grew the fastest in more than a year and also increased after taking inflation into account. The unemployment rate remained at 5.3 percent from the first quarter, but the number of unemployed people increased year-on-year for the first time in almost four years. The Slovak Statistical Office i…
The average nominal monthly wage of an employee in the Slovak economy increased by 8.8 percent year-on-year in the second quarter of 2025 and reached 1,654 euros. The pace of year-on-year wage growth almost doubled compared to the previous quarter, reaching the highest level in the last five quarters. The Statistical Office reported this on Tuesday. Despite higher inflation, real wage growth accelerated to 4.5 percent. The seasonally adjusted av…
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