Analytics, Financial Services, Latvia, Wages

International Internet Magazine. Baltic States news & analytics Friday, 29.03.2024, 16:22

38.9% Latvian employees earned up to EUR 450 in net wages in Q3

BC, Riga, 16.11.2017.Print version
In the third quarter of 2017, the percentage of employees in Latvia earning up to EUR 450 a month in net (after tax) wages dropped 5.1% from the same period a year ago to 38.9%, writes LETA, according to the Central Statistical Bureau's data.

Of these, 18.7% were paid the minimum wage, or less. That is a decrease of 1.4%age points from the third quarter of 2016 when 20.1% of employees were working for the minimum wage or less. According to the Statistical Bureau's data, 149,300 employees in Latvia were paid the minimum wage or less in the third quarter of this year.

 

In the meantime, 32.8% of employees were paid net wages of EUR 450.01 to EUR 700 (up from 30.9% in the third quarter of 2016), 20.8% were paid EUR 700.01 to EUR 1,400 (17.7% a year ago), and 2.7% - more than EUR 1,400 (2.5% a year ago).






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