Wages in Slovakia
The Slovakian economy recorded average wage growth of 5.0% in the decade to 2022, above the 2.2% average for the Euro Area. In 2022, wage growth was 7.8%.
Slovakia Wages Chart
Note: This chart displays Wages (ann. var. %) for Slovakia from 2014 to 2023.
Source: Macrobond.
Slovakia Wages Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Wages (ann. var. %) | 7.8 | 3.8 | 6.8 | 7.8 | 9.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Slovak wages projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable wages forecast available for Slovak wages.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Slovak wages projections.
Want to get access to the full dataset of Slovak wages forecasts? Send an email to info@focus-economics.com.