Av­er­age wage in Latvia ex­ceeds 1 000 eu­ros

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The av­er­age gross monthly wage in Latvia for full-time work has in the se­cond quar­ter of 2018, reached 1004 eu­ros, official sta­tis­tics show.

The the Cen­tral Sta­tis­ti­cal Bureau re­ported on Wed­nes­day, Au­gust 29, that the growth rate reg­is­tered in the 1st quar­ter of the year was faster – 8.6 %. Com­pared to the 1st quar­ter, in the 2nd quar­ter of 2018 gross wages and salaries in­creased by 4.6 % or EUR 44.

In­crease both in pri­vate and pub­lic sec­tor

An­nual rise of earn­ings was al­most equal in both sec­tors – 8.4 % and 8.5 %, re­spec­tively. The av­er­age gross wages and salaries con­sti­tuted EUR 991 in pri­vate sec­tor and EUR 1035 in pub­lic sec­tor, while in gen­eral govern­ment sec­tor, which in­cludes cen­tral and lo­cal govern­ment in­sti­tu­tions, as well as en­ter­prises con­trolled and fi­nanced by the cen­tral and lo­cal govern­ment, the av­er­age wages and salaries rose to EUR 984 or by 9.2 %.

Net wages and salaries con­sti­tute EUR 743

In the 2nd quar­ter of 2018, the av­er­age net wages and salaries (cal­cu­lated based on the labour taxes ap­pli­ca­ble at work­place) con­sti­tuted EUR 743. Com­pared to the pre­vi­ous quar­ter, net wages and salaries went up by 4.4 %. Over the year, the earn­ings in­creased by 10.0 %, show­ing 1.6 per­cent­age points higher rise than that of wages and salaries be­fore taxes.

Con­sid­er­ing an­nual con­sumer price growth of 2.4 %, the real in­crease in net wages and salaries com­prised 7.4 %.

Strongest in­crease in hu­man health and so­cial care jobs

Changes in the av­er­age wages and salaries are in­flu­enced not only by the rise of em­ployee re­mu­ner­a­tion, but also struc­tural changes on the labour mar­ket – en­ter­prises that had started and stopped their business dur­ing the year, changes in the num­ber of em­ploy­ees and work­loads in var­i­ous eco­nomic sec­tors, as well as state ad­min­is­tra­tive mea­sures in the fight against the shadow econ­omy. The ef­fects caused by the men­tioned fac­tors in gen­eral may be seen in the changes in the wage and salary fund and num­ber of full-time em­ploy­ees, which are used in the av­er­age wage cal­cu­la­tions.

In the 2nd quar­ter of 2018, com­pared to the 2nd quar­ter of 2017, gross wage and salary fund in­creased by 9.1 % or EUR 188.5 mil­lion, while the num­ber of salaried work­ers, re­cal­cu­lated into full-time units, grew only by 0.6 % or 4.4 thou­sand. In the 2nd quar­ter of the year, the sharpest rise in wages and salaries was recorded in hu­man health and so­cial work ac­tiv­i­ties (of 15.2 %, with faster growth in hu­man health ac­tiv­i­ties), min­ing and quar­ry­ing (13.3 %), ac­com­mo­da­tion and food ser­vice ac­tiv­i­ties (11.7 %, with the sharper rise in cater­ing), agri­cul­ture, forestry and fish­ing (10.9 %, with faster growth in crop and an­i­mal pro­duc­tion, hunt­ing and re­lated ser­vice ac­tiv­i­ties, as well as forestry and log­ging), other ser­vice ac­tiv­i­ties (10.5 %, with sharper rise in wash­ing and (dry-)clean­ing; hair­dress­ing and other beauty treat­ment; fu­neral and re­lated ac­tiv­i­ties; and other per­sonal ser­vice ac­tiv­i­ties), and man­u­fac­tur­ing (10.0 %).

Read the full ar­ti­cle on bnn-news.com

Edijs Pālens/LETA

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