Czech Republic sees average hourly wage increase by 41 percent

New analysis covering the Czech labour market between the years 2000 and 2007 released by the Czech Statistical Office has shown that the Czech Republic’s average nominal hourly wage grew in the Czech Republic by 41 percent in real terms – from 71.3 crowns per hour in 2000 to 117.4 crowns last year. The latter amount is the equivalent of around 7 US dollars – far lower than western European countries, the Statistical Office has noted, but higher than the majority of countries that joined the European Union in 2004. The highest average hourly wage in the EU last year was in Denmark.