Average wages in Latvia up EUR 75 in 2018
Compared to Q3 2017, the average monthly gross wages and salaries grew by 8.0 % or EUR 75, reaching EUR 1,006 for full-time work in Q3 2018. Compared to Q2 2018, gross wages and salaries have increased by 0.2 % or EUR 2.
Over the year, wages and salaries in public sector grew faster than in private – by 8.5 %, compared to 7.7 %, respectively. The average gross wages and salaries constituted EUR 992 in private sector and EUR 1,036 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 993 or by 8.8 %, according to data from the Central Statistical Bureau of Latvia.
In Q3 2018, the average net wages and salaries (calculated based on the labour taxes applicable at workplace) constituted EUR 744. Compared to the previous quarter, net wages and salaries fell by 22 euro cents. Over the year, net wages and salaries increased by 9.5 %, showing 1.5 percentage points higher rise than wages and salaries before taxes.
Considering annual consumer price growth of 2.9 %, the real increase in net wages and salaries comprised 6.4 %.
In Q3 the year, the sharpest rise in earnings was recorded in human health and social work activities (of 15.9 %, with faster growth in human health activities), accommodation and food service activities (11.6 %, with the sharper rise in catering), other service activities.
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