FX.co ★ Slovakia Real Wage Growth Eases in Q3

In Slovakia, real wages increased by 1.3% year-on-year during the third quarter of 2025, showing a slower climb compared to the 4.5% rise witnessed in the second quarter. This represents the second most sluggish rate of growth in the past eight quarters. Out of the 19 sectors monitored, 16 experienced an uptick in real wages, whereas declines were observed in three industries: professional, scientific, and technical activities (-2.4%), arts, entertainment, and recreation (-1.4%), and administrative services (-1%). The growth in average nominal monthly wages diminished to 5.7%, amounting to EUR 1,569, from the previous quarter’s 8.8% rise. Nonetheless, every sector reported increases in average nominal wages, ranging from nearly 2% in professional, scientific, and technical activities to over 12% in the real estate sector. Wage growth also decelerated in Slovakia's largest employment sectors, namely industry and trade. Examining the first three quarters of 2025, the average nominal wage climbed by 6.5% to EUR 1,580, while real wages grew by 2.3%.