OECD pre­dicts sec­ond most rapid wage rise for Latvia among mem­ber states

Baltic News Network - - News -

Av­er­age wage in Latvia will grow 4.1% this year. This is the sec­ond most rapid in­crease among mem­ber states of Or­gan­i­sa­tion for Eco­nomic Co-op­er­a­tion and De­vel­op­ment (OECD), ac­cord­ing to the or­gan­i­sa­tion’s lat­est pre­dic­tions.

OECD pre­dicts that the most rapid av­er­age wage growth will be reg­is­tered in Hun­gary – by 4.9%. Wage growth a bit slower than Latvia’s was reg­is­tered in Poland (+3.8%), Czech Repub­lic (+3.7%), Slove­nia (+3.5%) and Is­rael (+3%).

De­cline of av­er­age wages, on the other hand, is ex­pected in the UK (-0.7%), Italy (-0.6%) and Spain (-0.1%).

OECD re­ports that av­er­age wage in Latvia is EUR 10,173 or EUR 848 a month (USD 20,675).

The or­ga­ni­za­tion notes that an­nual wages be­low Latvia’s was reg­is­tered in Chile (USD 20,538), South Africa (USD 19,219), China (USD 17,718), Rus­sia (USD 17,410), Mex­ico (USD 13,166), Brazil (USD 12,656), In­dia (USD 5,665) and In­done­sia (USD 4,582).


Newspapers in English

Newspapers from Latvia

© PressReader. All rights reserved.