Households in Czechia saw a 3% increase in real net income, allowing families to afford more compared to the previous years impacted by high inflation.
Recent statistics from the Czech Statistical Office reveal that real net incomes for households in Czechia increased by 3% in 2024 after two years of decline, allowing families greater purchasing power. On average, individuals had a gross income of 293,853 crowns annually, translating to approximately 24,488 crowns per month. However, data indicates that about 9.6% of the population, roughly one million people, lived below the poverty threshold in the previous year.
Statisticians from the Czech Statistical Office conduct annual assessments of living conditions in spring, with last year's survey involving 8,500 households. These indicators typically reflect conditions from the previous year and spring of the current year. According to Táňa Dvornáková from the income, expenses, and living conditions department, the increase in real incomes comes after challenging years characterized by significant inflation rates.
Despite the growth in net income, there is an ongoing concern about the widening gap between gross and net income growth rates. In 2024, while nominal gross incomes rose by 6.4%, net incomes grew by a slightly lower figure of 5.4%, indicating persistent economic disparities. The report highlights the need for continued attention to the economic state of households, especially concerning those at risk of poverty as inflation impacts wage disparities for the average citizen.
