Salaries in the Baltic States March 2018
•
0 likes•123 views
This document analyzes wages and salaries in the Baltic States from 2008 to 2018. It finds that: - Average monthly gross wages have generally increased each year in Estonia, Latvia, and Lithuania, with forecasts of continued growth through 2021. Estonia typically has the highest wages while Latvia has the lowest. - Average monthly net wages have also risen annually but are lower than gross wages. The gap between gross and net pay has widened in recent years. - Minimum wages in each country, expressed as a percentage of average gross wages, have risen over time but remain under 20% in all three Baltic nations. - Wage growth has been higher in quarters compared to the same period the previous
Recommended
Recommended
More Related Content
What's hot
What's hot (12)
Similar to Salaries in the Baltic States March 2018
Similar to Salaries in the Baltic States March 2018 (20)
More from Kadri Seeder
More from Kadri Seeder (20)
Recently uploaded
Recently uploaded (20)
Salaries in the Baltic States March 2018
- 1. Wages and Salaries In the Baltic States March 2018 Compiled by Kadri Seeder, Salary Information Agency
- 2. 825 784 792 839 887 949 1005 1065 1146 1221 1280 1351 1422 1495 682 655 633 660 685 716 765 818 859 926 970 1021 1072 623 596 576 593 615 646 677 714 774 840 890 945 1004 0 200 400 600 800 1000 1200 1400 1600 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* 2019* 2020* 2021* Years Annual average monthly gross wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania, ministries of finance * - forecast
- 3. 670 637 637 672 706 757 799 859 924 986 498 486 450 470 488 516 560 603 631 676 478 464 450 462 478 501 527 554 602 660 0 200 400 600 800 1000 1200 1400 1600 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Years Annual average monthly net wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
- 4. 278 278 278 278 290 320 355 390 430 470 500 230 254 254 282 286 287 320 360 370 380 430 232 232 232 232 232 290 300 300 350 380 400 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 100 200 300 400 500 600 700 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* Ratio EUR Years Minimum wages (EUR) and ratio (%) to gross average wage Estonia - minimum wage Latvia - minimum wage Lithuania - minimum wage Estonia - ratio Latvia - ratio Lithuania - ratio Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania *Forecast
- 5. 789 850 800 838 776 813 752 784 758 823 759 814 792 857 809 865 847 900 855 916 900 976 930 986 966 1023 977 1039 1010 1082 1045 11051091 1163 1119 1182 1153 1242 1201 1271 645 679 693 711 669 674 649 626 615 632 637 647 640 659 664 676 663 684 687 703 689 716 722 737 740 762 772 786 785 815 829 844 827 853 860 894 886 927 925 961 623 648 672 672 635 629 620 614 588 595 603 614 600 610 613 630 619 624 629 646 647 653 668 678 671 682 697 715 700 714 735 757 748 772 793 823 818 839 851 885 0 200 400 600 800 1000 1200 1400 2008IQ IIQ IIIQ IVQ 2009IQ IIQ IIIQ IVQ 2010IQ IIQ IIIQ IVQ 2011IQ IIQ IIIQ IVQ 2012IQ IIQ IIIQ IVQ 2013IQ IIQ IIIQ IVQ 2014IQ IIQ IIIQ IVQ 2015IQ IIQ IIIQ IVQ 2016IQ IIQ IIIQ IVQ 2017IQ IIQ IIIQ IVQ Average monthly gross wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
- 6. 641 689 651 680 633 660 612 634 611 660 611 653 637 685 648 692 677 716 681 729 721 778 742 786 769 812 777 827 815 871 842 891 882 937 902 952 932 1001 968 1027 470 495 506 521 500 505 476 460 438 450 453 459 456 470 473 481 474 488 491 501 496 514 521 530 543 558 564 575 579 599 611 622 610 627 632 657 647 676 679 700 478 496 514 514 493 489 482 477 459 464 469 478 467 475 477 489 481 485 488 501 501 506 517 524 522 531 541 554 544 554 569 585 584 601 616 637 645 659 667 691 0 200 400 600 800 1000 1200 1400 2008IQ IIQ IIIQ IVQ 2009IQ IIQ IIIQ IVQ 2010IQ IIQ IIIQ IVQ 2011IQ IIQ IIIQ IVQ 2012IQ IIQ IIIQ IVQ 2013IQ IIQ IIIQ IVQ 2014IQ IIQ IIIQ IVQ 2015IQ IIQ IIIQ IVQ 2016IQ IIQ IIIQ IVQ 2017IQ IIQ IIIQ IVQ Average monthly net wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
- 7. -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 2005IQ IIQ IIIQ IVQ 2006IQ IIQ IIIQ IVQ 2007IQ IIQ IIIQ IVQ 2008IQ IIQ IIIQ IVQ 2009IQ IIQ IIIQ IVQ 2010IQ IIQ IIIQ IVQ 2011IQ IIQ IIIQ IVQ 2012IQ IIQ IIIQ IVQ 2013IQ IIQ IIIQ IVQ 2014IQ IIQ IIIQ IVQ 2015IQ IIQ IIIQ IVQ 2016IQ IIQ IIIQ IVQ 2017IQ IIQ IIIQ IVQ Change of average monthly gross wages The same quarter of previous year = 100 Estonia Lativa Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania 2016 2017 I Q II Q III Q IV Q I Q II Q III Q IV Q 8.1% 7.6% 7.1% 6.9% 5.7% 6,8% 7,4% 7,5% 5.2% 5.2% 3.7% 5.9% 7.2% 8,7% 7,5% 7,5% 6.9% 8.1% 7.9% 8.7% 9.3% 8,7% 7,2% 7,5%
- 8. -15% -10% -5% 0% 5% 10% 15% 20% 25% 2005IQ IIQ IIIQ IVQ 2006IQ IIQ IIIQ IVQ 2007IQ IIQ IIIQ IVQ 2008IQ IIQ IIIQ IVQ 2009IQ IIQ IIIQ IVQ 2010IQ IIQ IIIQ IVQ 2011IQ IIQ IIIQ IVQ 2012IQ IIQ IIIQ IVQ 2013IQ IIQ IIIQ IVQ 2014IQ IIQ IIIQ IVQ 2015IQ IIQ IIIQ IVQ 2016IQ IIQ IIIQ IVQ 2017IQ IIQ IIIQ IVQ Change of real wages The same quarter of previous year = 100 Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania Note: Real wages take into account the influence of the change in the consumer price index 2016 2017 I Q II Q III Q IV Q I Q II Q III Q IV Q 8.5% 8.3% 6.7% 5.5% 2.6% 3,7% 3,7% 3,6% 5.6% 5.4% 3.2% 4.0% 2,8% 4,6% 4,5% 3,9% 6.3% 7.7% 7.4% 7.6% 7.4% 6,0% 3,7% 3,2%
- 9. Further information Salary Information Agency E-mail: palgauuring@palgainfo.ee Phone: +372 5688 5066 www.palgainfo.ee Teie ettevõtte heaks!