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Salaries in baltic_states_march_2019_publishing

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Wages and Salaries in the Baltic States, March 2019. Compiled by Salary Information Agency of Estonia.

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Salaries in baltic_states_march_2019_publishing

  1. 1. Wages and Salaries In the Baltic States March 2019 Compiled by Kadri Seeder, Salary Information Agency
  2. 2. 825 784 792 839 887 949 1005 1065 1146 1221 1310 1385 1458 1534 1613 682 655 633 660 685 716 765 818 859 926 1004 1063 1122 1178 623 596 576 593 615 646 677 714 774 840 921 984 1047 1110 0 200 400 600 800 1000 1200 1400 1600 1800 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019* 2020* 2021* 2022* 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. 3. 7,3% 8,4% 9,6% -10% -5% 0% 5% 10% 15% 20% 25% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Change of average monthly gross wages Previous year = 100 Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania, ministries of finance * - forecast
  4. 4. 670 637 637 672 706 757 799 859 924 986 1098 498 486 450 470 488 516 560 603 631 676 742 478 464 450 462 478 501 527 554 602 660 718 0 200 400 600 800 1000 1200 1400 1600 1800 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Years Annual average monthly net wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania *The increase in net wages in Estonia and Latvia was influenced by the change in the tax system.
  5. 5. 278 278 278 278 290 320 355 390 430 470 500 540 230 254 254 282 286 287 320 360 370 380 430 430 232 232 232 232 232 290 300 300 350 380 400 555 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 200 400 600 800 1000 1200 1400 1600 1800 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019* 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 In Lithuania the actual increase of minimum wage without the tax effect was 7.5% (from €400 in January 2018 to €430 in January 2019) and ratio to gross average wage was 44%.
  6. 6. 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 1105 1091 1163 1119 1182 1153 1242 1201 1271 1242 1321 1291 1384 645 679 693 711 669 674 649 626 615 632 637 647 640 659 664 676 663 684 687 703 689 716 722 737 740 762 772 786 785 815 829 844 827 853 860 894 886 927 925 961 961 1005 1006 1042 623 648 672 672 635 629 620 614 588 595 603 614 600 610 613 630 619 624 629 646 647 653 668 678 671 682 697 715 700 714 735 757 748 772 793 823 818 839 851 885 895 927 936 970 0 200 400 600 800 1000 1200 1400 1600 1800 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 2018IQ IIQ IIIQ IVQ Average monthly gross wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
  7. 7. 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 1053 1105 1086 1147 456 470 473 481 474 488 491 501 496 514 521 530 543 558 564 575 579 599 611 622 614 616 632 657 648 676 674 700 713 744 744 768 467 475 477 489 481 485 488 501 501 506 517 524 522 531 541 554 544 554 569 585 584 601 637 637 645 659 667 691 700 722 728 752 0 200 400 600 800 1000 1200 1400 1600 1800 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 2018Iq IIq IIIq IVq Average monthly net wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
  8. 8. -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 2018IQ 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 2017 2018 I Q II Q III Q IV Q I Q II Q III Q IV Q 5.7% 6,8% 7,4% 7,5% 7,7% 6,4% 7,5% 8,9% 7.2% 8,7% 7,5% 7,5% 8,5% 8,4% 8,8% 8,4% 9.3% 8,7% 7,2% 7,5% 9,4% 10,5% 10,0% 9,6%
  9. 9. -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 2018IQ 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 2017 2018 I Q II Q III Q IV Q I Q II Q III Q IV Q 2.6% 3,7% 3,7% 3,6% 4,5% 3,0% 3,8% 5,0% 2,8% 4,6% 4,5% 3,9% 8,0% 7,4% 6,4% 6,6% 7.4% 6,0% 3,7% 3,2% 5,0% 6,7% 6,6% 6,2%
  10. 10. Further information Salary Information Agency E-mail: palgauuring@palgainfo.ee Phone: +372 5688 5066 www.palgainfo.ee Teie ettevõtte heaks!

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