Slovakia : the wages grew faster than productivity

Publication

10 March 2006 à 16h31

Updated on 24 March 2013 à 11h14

Reading time

1 minute

Publication: 10 March 2006 à 16h31, Updated on 24 March 2013 à 11h14

Reading time: 1 minute

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Slovak Statistical Office announced that real wages in the nation's economy grew last year at a faster rate than work productivity. (Ref. 06236)
Publication

10 March 2006 à 16h31

Updated on 24 March 2013 à 11h14

Reading time

1 minute

Publication: 10 March 2006 à 16h31, Updated on 24 March 2013 à 11h14

Reading time: 1 minute

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The wages rose by 6.3 % while work productivity in 2005 rose only by 3.7 %. If this was a long run trend it might result in inflation pressures but so far there are no negative signs, according to the Statistical Office. In 2005, the average nominal gross wage increased to 17 274 SKK (about 460 euros).

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