One of the main attractions Czechia is its skilled, motivated and well-educated labour force meeting demanding requirements of investment projects.
Furthermore, the country’s attractiveness is rooted in its dense, high-quality infrastructure as well as its geographical and cultural proximity to Western Europe. Although the country’s labor costs are higher than in some Asian countries, the above-mentioned factors far outweigh any negative aspects and make Czechia an attractive destination for foreign investors.
The national average gross monthly salary rose to CZK 41,265 (approx. EUR 1,691) in the Q1 2023. Over the past five years, average annual nominal wage growth has been in the range of 4%-8% and it is expected to remain relatively stable at that level.
Wages in Czechia are characterized by regional differences. The lowest are in the regions of Karlovy Vary, Zlín and Pardubice. Prague alone raises the national average wage by some 15%-20%.
For more information on Czech labour market please visit: https://www.czechinvest.org/en/Studies/Data-Analysis?force
Country benchmark - average hourly wages in selected countries 2022 (EUR)
(compensation of employees plus taxes minus subsidies)
Source: Eurostat, 2023