Wages

International Internet Magazine. Baltic States news & analytics Sunday, 11.12.2016, 11:58

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Wage rise continues to stall, yet this has a bright side

Wage rise continues to stall, yet this has a bright side

30.11.2016

The rise in wages continues to stall. The average wage for full-time work in the third quarter of 2016 was by only 2.2% higher than a year ago, which is the slowest growth rate in the last six years. Even though there is no doubt about a slower wage rise this year, other statistical data sources (State Revenue Service and national account data) do not have such pronounced slowdown. Thus there is no reason for alarm and the view that the rise in average wage has come to a sudden stop in the past few months. Next year, we are likely to return to a moderate 3-5% year-on-year wage rise – such a rate of growth was the case in 2011-2013.

Keyword tags: Analytics, Banks, Direct Speech, Latvia, Wages



The growth rate of average wages and salaries in Latvia has remained low during the 3rd quarter

The growth rate of average wages and salaries in Latvia has remained low during the 3rd quarter

29.11.2016

Data of the Central Statistical Bureau (CSB) show that in the 3rd quarter of 2016 the average monthly gross wages and salaries in the country amounted to 847 euros. Compared to the 3rd quarter of 2015, average wages and salaries have grown by 18 euros or 2.2%, indicating a lower annual increase than in the 2nd quarter of the present year (3.3%).

Gross earnings in the whole economy in Lithuania grew by 2.8% over Q3

Gross earnings in the whole economy in Lithuania grew by 2.8% over Q3

25.11.2016

Statistics Lithuania informs that in III quarter 2016 average gross monthly earnings in the whole economy (excl. individual enterprises) totalled EUR 793.3: in the public sector2– EUR 806.6, in the private – EUR 786.7. Against II quarter 2016, average gross monthly earnings in the whole economy increased by 2.8%: in the public sector – by 3, in the private – by 2.7%.


Wage growth slowed in the third quarter

Wage growth slowed in the third quarter

25.11.2016

The average wage stood at 1119 euros in the third quarter and its growth rate slowed.The latest data show labour costs continued to increase faster than productivity.

Lithuania's avg gross Q3 wages up 7.9%  y-o-y

Lithuania's avg gross Q3 wages up 7.9% y-o-y

25.11.2016

Average gross monthly earnings in Lithuania's economy, excluding sole proprietorships, rose by 7.9% in the third quarter of 2016 compared with a year earlier to reach 793.3 euros, Statistics Lithuania said on Friday.


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