Stats: Average Nominal Salary in Slovakia Up 5.8 percent to €1,484 in 3Q24
včera 11:19
Bratislava, December 3 (TASR) - The average nominal monthly salary in Slovakia amounted to €1,484 in the third quarter of this year, up by 5.8 percent year-on-year (y-o-y), the Statistics Office reported on Tuesday.
Meanwhile, real salaries rose by 3 percent y-o-y.
The seasonally adjusted average nominal salary grew by 1 percent when compared to the second quarter of 2024.
Although average salaries continued to grow, the pace of growth was the weakest in the past 3.5 years.
Eighteen of the 19 monitored sectors of the economy posted y-o-y growth in average nominal salaries, with the fastest growth in gross salaries recorded in water supplies, at 9.7 percent. Meanwhile, the real-estate sector was the only monitored sector that didn't record growth.
Real salary growth of over 3 percent was reported in nine sectors, with employees engaged in water supplies enjoying the biggest improvement, followed by the arts, entertainment and recreation, education and supplies of electricity, gas and steam.
Among the sectors employing the highest numbers of people in Slovakia, industrial manufacturing maintained the fastest salary growth in the third quarter of this year. The nominal salaries of people employed in this sector rose by 7.4 percent to €1,556 per month. Their real salaries increased by 4.6 percent, which was more than the national average. The average nominal salary in the trade sector, the second biggest employer in Slovakia, went up by 4.1 percent to €1,412. However, real salaries in the sector grew by only 1.4 percent, well below the national average.
People engaged in the financial and insurance sector and those in the IT sector had the highest average nominal monthly salaries, exceeding €2,400. Meanwhile, ten sectors reported salaries lower than the average. Employees in the hospitality sector had the lowest average nominal salary of €922 per month, while those engaged in other activities earned €1,047. The hospitality sector was the only one in which the average gross salary failed to exceed €1,000.
Bratislava region with €1,784 was the only region to post monthly salaries higher than the national average.
ko/df