Monday, November 10, 2008

Average Wages in Visegrád Four Countries

Note: Bloomberg served as the source of data.
The chart above graphs the development of average monthly wages in V4 countries. Inter-country comparisons are difficult however, mainly due to various definitions of gross wage across the region. Comparing total labor costs or net wages instead might make more sense. Due to higher employer contributions in Slovakia, for exmple, the average gross wage is lower than that in Hungary. When comparing net wages, however, Hungarian salaries have been lower than Slovak ones for the last four quarters.


Anonymous said...

I suppose there is mistake. Polish average wages in march 2000 was half so high as Chech average.

Michal Lehuta said...

Any source for this information? I made my graph from Bloomberg's data on wages and exchange rates..