Av­er­age wages in Latvia up EUR 75 in 2018

Baltic News Network - - News -

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.

Read the full ar­ti­cle on bnn-news.com

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