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Compensation of Employees (Local Currency) in Czech Republic

Source: World Bank
Last Updated: Jun 1, 2021

Compensation of Employees (Local Currency) reached 234 CZK bil in 2018 in Czech Republic. This is 11.4 % more than in the previous year.

Historically, Compensation of Employees (Local Currency) in Czech Republic reached an all time high of 234 CZK bil in 2018 and an all time low of CZK bil in. When compared to Czech Republic's main peers, Compensation of Employees (Local Currency) in Austria amounted to 16.2 EUR bil, 3,408 HUF bil in Hungary, 95.6 PLN bil in Poland and 4.84 EUR bil in Slovakia in 2018.

Czech Republic has been ranked 42nd within the group of 115 countries we follow in terms of Compensation of Employees (Local Currency), 5 places behind the position seen 10 years ago.

Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.

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