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Saturday, 27.04.2024, 05:47
Over Q3, gross earnings in the whole Lithuanian economy grew by 2.1%
Average net monthly earnings in the whole economy amounted to LTL 1 868.3 (EUR 541.1), and against II quarter 2014, grew by 2%: in the public sector – LTL 1 943.5 (EUR 562.9) (increased by 1.8%), in the private sector – LTL 1 828 (EUR 529.4) (increased by 2.1%).
The average monthly earnings in the national economy, by quarters |
In III quarter 2014, against II quarter 2014, real earnings in the whole economy grew by 2.5%: in the public sector – by 2.3, in the private sector – by 2.6%.
The increase in earnings in III quarter 2014, against II quarter 2014, was determined by a larger number of working hours, seasonality, increase in earnings of part of cultural workers and other reasons.
______________
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 III quarter 2014, against III quarter 2013, average gross monthly earnings in the whole economy increased by 4.3%: in the public sector – by 4.2, in the private sector – by 4.6%.
Over the year, average net monthly earnings in the whole economy increased by 4.7%: in the public sector – by 4.5, in the private sector – by 5%. 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 4.6%: in the public sector – by 4.4, in the private sector – by 4.9%. 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 III quarter 2014, gross earnings increased in almost all economic activities
In III quarter 2014, against II quarter 2014, average gross monthly earnings in the whole economy grew the most in enterprises and establishments engaged in agriculture, forestry and fishing (by 6.6%), arts, entertainment and recreation (5.5%), professional, scientific and technical activities (3%).
Over the year, average gross monthly earnings in the whole economy grew in all economic activities (the growth ranged from 0.2% in electricity, gas, steam and air conditioning supply to 9.6% in information and communication activities).
Table 1. Average monthly earnings (2) by sector and sex of employees, III quarter 2014
|
Gross |
Net |
|||||
total |
males |
females |
total |
males |
females |
||
Whole economy |
LTL |
2 405.5 |
2 598.1 |
2 218.8 |
1 868.3 |
2 007.2 |
1 733.7 |
Public sector |
LTL |
2 509.8 |
2 839.5 |
2 331.8 |
1 943.5 |
2 181.2 |
1 815.2 |
Private sector |
LTL |
2 349.6 |
2 518.2 |
2 127.6 |
1 828.0 |
1 949.5 |
1 667.9 |
______________
2 Less individual
enterprises.
Table 2. Indices of average monthly earnings (2) by sector and sex of employees, III quarter 2014
|
Previous quarter – 100% |
Respective quarter |
||||
total |
males |
females |
total |
males |
females |
|
Gross |
|
|
|
|
|
|
Whole economy |
102.1 |
102.1 |
102.1 |
104.3 |
104.9 |
103.7 |
Public sector |
101.9 |
101.7 |
102.1 |
104.2 |
105.2 |
103.5 |
Private sector |
102.3 |
102.4 |
102.1 |
104.6 |
105.0 |
104.2 |
Net |
|
|
|
|
|
|
Whole economy |
102.0 |
102.0 |
101.9 |
104.7 |
105.1 |
104.3 |
Public sector |
101.8 |
101.6 |
102.0 |
104.5 |
105.3 |
104.0 |
Private sector |
102.1 |
102.2 |
101.9 |
105.0 |
105.2 |
104.8 |
Real |
|
|
|
|
|
|
Whole economy |
102.5 |
102.5 |
102.4 |
104.6 |
105.0 |
104.2 |
Public sector |
102.3 |
102.1 |
102.5 |
104.4 |
105.2 |
103.9 |
Private sector |
102.6 |
102.7 |
102.4 |
104.9 |
105.1 |
104.7 |
______________
2 Less individual
enterprises.
Over III quarter, the average number of employees in the whole economy marginally increased
In III quarter 2014, against II quarter 2014, the average number of employees in the whole economy grew by 1.9 thousand (0.2%): in the public sector – decreased by 5.2 thousand (1.3%), in the private sector – grew by 7.1 thousand (0.9%). The most noticeable increase in the number of employees in the whole economy was observed in mining and quarrying (by 5.8%), administrative and support service (3.2%), construction (2.7%), and accommodation and food service (1.5%) enterprises.
Over the year, the average number of employees in the whole economy increased by 29.9 thousand (2.6%). 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 dropped by 1.2%.
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.