Analytics, Financial Services, Lithuania, Markets and Companies, Wages

Average net monthly earnings in the whole economy amounted to EUR 553.9 (LTL 1 912.6), and against III quarter 2014, grew by 2.4%: in the public sector – EUR 578.1 (LTL 1 996.2) (increased by 2.7%), in the private sector – EUR 540.8 (LTL 1 867.3) (increased by 2.1%).

In IV quarter 2014, against III quarter 2014, real earnings in the whole economy grew by 2.3%: in the public sector – by 2.6, in the private sector – by 2%.

The average monthly wage in the national economy, by quarters

The increase in earnings in IV quarter 2014, against III quarter 2014, was determined by seasonality, increased minimum monthly wage (since 1 October 2014), larger lump sum premiums, bonuses and benefits paid and other reasons.

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¹ Public sector covers budgetary institutions and organisations (educational, health care, social work, cultural, public administration, etc.), public establishments, enterprises where state and municipal property makes up 50% or more of authorised capital.

Over the year, a faster growth in earnings was observed in the private than in the public sector

In IV quarter 2014, against IV quarter 2013, average gross monthly earnings in the whole economy increased by 5.4%: in the public sector – by 5.1, in the private sector – by 5.7%.

Over the year, average net monthly earnings in the whole economy increased by 5.7%: in the public sector – by 5.4, in the private sector – by 6%. The change in net earnings was influenced by the change in the procedure for the calculation of the tax-exempt amount of income and additional tax-exempt amount of income set in the Law on Income Tax of Individuals of the Republic of Lithuania from 1 January 2014.

Over the year, real earnings in the whole economy increased by 5.7%: in the public sector – by 5.4, in the private sector – by 6%. The increase in real earnings was determined by the growth in net earnings, which was faster than the increase in prices for consumer goods and services.

In IV quarter 2014, gross earnings increased in all economic activities

In IV quarter 2014, against III quarter 2014, average gross monthly earnings in the whole economy grew the most in mining and quarrying (12.7%), arts, entertainment and recreation (7.4%), transportation and storage (4.8%), professional, scientific and technical activities (4.1%) enterprises and establishments.

Over the year, average gross monthly earnings in the whole economy also grew in all economic activities (the growth ranged from 2.4% in education to 13.1% in arts, entertainment and recreation).

Table 1. Average monthly earnings (1) by sector and sex of employees, IV quarter 2014 EUR

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¹ Less individual enterprises.

Table 2. Indices of average monthly earnings (1) by sector and sex of employees, IV quarter 2014

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¹ Less individual enterprises.

Over IV quarter, the average number of employees in the whole economy decreased by 7.7 thousand

In IV quarter 2014, against III quarter 2014, the average number of employees in the whole economy decreased by 7.7 thousand (0.7%): in the public sector – increased by 0.8 thousand (0.2%), in the private sector – decreased by 8.5 thousand (1.1%). The most noticeable decrease in the number of employees in the whole economy was observed in mining and quarrying (by 13.2%), accommodation and food service (6.3%), and agriculture, forestry and fishing (4.9%) enterprises.

Over the year, the average number of employees in the whole economy increased by 29.1 thousand (2.5%). It was conditioned by a 4.6% increase in the average number of employees in the private sector. Meanwhile, in the public sector, the average number of employees decreased by 1.3%.

Concepts

Gross earnings – remuneration in cash covering the basic wage and bonuses, payable by the employer to the employee directly, including social insurance contributions and individual income tax payable by the employee. Material and temporary unemployment benefits paid irrespective of the source of finance, compensation for unused annual leave, severance pays and similar benefits are excluded.

Net earnings – remuneration in cash covering the basic wage and bonuses, payable by the employer to the employee directly, excluding social insurance contributions and individual income tax payable by the employee.

Index of real earnings – a relative indicator reflecting the change in net earnings after the influence of the change in prices for consumer goods and services has been eliminated.

For more information, see the Database of Indicators.