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

Average net monthly earnings in the whole economy amounted to EUR 569.0, and against II quarter 2015, grew by 2.7%: in the public sector – EUR 583.6 (increased by 1.9%), in the private sector – EUR 561.5 (increased by 3.2%).

In III quarter 2015, against II quarter 2015, real earnings in the whole economy grew by 3.4%: in the public and private sectors – by 2.6 and 3.9% respectively.

Fig. 1. Average monthly earnings in the whole economy (1), by quarter

In III quarter 2015, against II quarter 2015, the increase in earnings was determined by lager number of working hours, seasonal fluctuations, an increase in salary for the employees working in the field of culture and art and minimum monthly wage (to EUR 325) from 1 July and other reasons.

Fig. 2. Change in average gross monthly earnings by sectors, compared with the respective quarter of the previous year,%

In III quarter 2015, against III quarter 2014, average gross monthly earnings in the whole economy¹ increased by 5.5%: in the public sector – 3.9%, in the private sector – 6.5%.

Over the year, average net monthly earnings in the whole economy increased by 5.2%: in the public sector – 3.7%, in the private sector – 6.1%.

Over the year, real earnings in the whole economy increased by 6.2%: in the public sector – 4.6%, in the private sector – 7.1%.

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¹ Less individual enterprises
² 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.

Fig. 3. Average gross monthly earnings (1) by economic activity, III quarter 2015

¹ Less individual enterprises

Fig. 4. Change in average gross monthly earnings (1) by economic activity, III quarter 2015, compared to the previous quarter, %

Economic activities according to the Statistical Classification of Economic Activities:

Table 1. Average monthly earnings (1) by sector and sex of employees, II and III quarters of 2015, EUR

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¹ Less individual enterprises
² Revised data after change of type of ownership of enterprises

Table 2. Indices of average monthly earnings (1) by sector and sex of employees, III quarter 2015

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¹ Less individual enterprises

In III quarter 2015, against II quarter 2015, the average number of employees in the whole economy slightly decreased (413): in the public sector decreased by 4.7 thousand (1.2%), while in the private sector increased by 4.3 thousand (0.5%). The most noticeable increase in the number of employees was observed in the private sector: in the enterprises engaged in wholesale and retail trade, repair of motor vehicles and motorcycles (1.3 thousand), administrative and support service activities (1 thousand), accommodation and food service activities (0.8 thousand), construction (0.6 thousand).

Over the year, the average number of employees in the whole economy increased by 27.1 thousand (2.3%). It was conditioned by a 28.3 thousand (3.6%) increase in the average number of employees in the private sector. In the public sector, the average number of employees dropped by 1.2 thousand (0.3%).

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.

More information on the issue is available in the Database of Indicators of Statistics Lithuania.