Analytics, Employment, Financial Services, Good for Business, Lithuania, Wages

International Internet Magazine. Baltic States news & analytics Monday, 25.01.2021, 07:20

Lithuania's average gross wages rise by 10.2% in Q3

BC, Vilnius, 26.11.2020.Print version
Lithuania's average gross monthly wages rose by 10.4% in the third quarter of 2020 from a year ago to 1,454.8 euros, Statistics Lithuania said on Thursday, cites LETA/BNS.

Average net monthly wages increased by 11.2% year-on-year to 927.9 euros.  

The annual growth was driven by increases in the minimum monthly wage and the basic amount used for calculating public-sector salaries, and other factors, the statistics office said. 

Month-on-month, gross wages rose by 4% and net wages were up by 4.4%. 

Real wages grew by 10.1% over the year and by 4.5% quarter-on-quarter.

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