International Internet Magazine. Baltic States news & analytics
Tuesday, 31.05.2016, 01:14
Data of the Central Statistical Bureau (CSB) show that, in the 1st quarter of 2016 average monthly gross wages and salaries in the country constituted 827 euros. As compared to the 1st quarter of 2015, average wages and salaries grew by 5.3%, moreover growth rate was lower than a year ago.
Keyword tags: Analytics, Baltic, Financial Services, Latvia, Markets and Companies, Wages
In 2015, the number of government sector workers declined 0.56% to 118,393 people, while the sector's labor costs grew by 7% in 2015, it can be seen from the public service report, cites LETA/BNS.
While low economic growth remains of cause for concern, it is necessary to keep the annual growth in the average wage close to 6% because a lower growth than that would wipe off the hope to ever catch up with the European average wage, trade unions in Estonia say, cites LETA/BNS.
Statistics Lithuania informs that in I quarter 2016 average gross monthly earnings in the whole economy (1) totalled EUR 748: in the public sector (2) – EUR 762.8, in the private sector – EUR 740.4. Against IV quarter 2015, average gross monthly earnings in the whole economy decreased by 1.2%: in the public sector – 2.6%, in the private sector – 0.4%.
According to Statistics Estonia, in the 1st quarter of 2016, the average monthly gross wages and salaries were 1,091 euros and the average hourly gross wages and salaries were 6.86 euros. Compared to the 1st quarter of 2015, the average monthly gross wages and salaries increased by 8.1% and the average hourly gross wages and salaries by 7.7%.
The monthly median payout to a working person in Estonia was 784 euros in the first quarter of 2016, compared with 728 euros in the same quarter of 2015, figures provided by the Tax and Customs Board show, cites LETA/BNS.
According to Statistics Estonia, in 2015, the average monthly gross income per employee was 1013 euros. The increase continued at the same rate as in the previous years, i.e., at 6% per year.