Average gross wages in Baltic states
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This document analyzes wages and salaries in Estonia, Latvia, and Lithuania from 2005-2013. It shows that: - Average monthly gross wages increased steadily over this period but declined in 2009 due to the economic crisis. Wages in Estonia were consistently highest while Latvia had the lowest. - Minimum wages also increased during this time but remained lowest in Latvia at around 150-290 euros. - Unemployment rates declined while employment rates increased, though Estonia consistently had the lowest unemployment. - Real GDP growth was generally positive but turned negative in much of 2009. GDP per capita, measured in PPS, was highest in Estonia and lowest in Latvia.
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Average gross wages in Baltic states
- 1. The wages and salaries in Baltic states September 2013 Source: Statistics Estonia Compiled by Kadri Seeder
- 2. 516 601 725 825 784 792 839 887 381 430 566 682 656 633 660 684 370 433 522 623 595 576 593 615 0 100 200 300 400 500 600 700 800 900 1000 2005 2006 2007 2008 2009 2010 2011 2012 EUR Years Average monthly gross wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
- 3. 411 484 583 670 637 637 672 706 250 307 407 498 487 450 470 488 265 317 392 478 464 449 462 478 0 100 200 300 400 500 600 700 800 2005 2006 2007 2008 2009 2010 2011 2012 EUR Years Average monthly net wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
- 4. 660 738 697 784 788 850 800 838 776 813 752 783 758 822 759 814 792 857 809 865 847 900 855 916 900 976 504 549 575 635 645 679 693 711 669 674 649 626 615 632 637 647 640 659 664 676 663 684 687 703 690 716 503 529 565 594 623 648 672 672 635 629 620 614 588 595 603 614 600 610 613 630 619 624 629 646 647 653 0 100 200 300 400 500 600 700 800 900 1000 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 Average monthly gross wages, EUR Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
- 5. -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 2005Ikv IIkv IIIkv IVkv 2006Ikv IIkv IIIkv IVkv 2007Ikv IIkv IIIkv IVkv 2008Ikv IIkv IIIkv IVkv 2009Ikv IIkv IIIkv IVkv 2010Ikv IIkv IIIkv IVkv 2011Ikv IIkv IIIkv IVkv 2012Ikv IIkv IIIkv IVkv 2013Ikv IIkv 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 Note: Real wages take into account the influence of the change in the consumer price index
- 6. -15% -10% -5% 0% 5% 10% 15% 20% 25% 2005Ikv IIkv IIIkv IVkv 2006Ikv IIkv IIIkv IVkv 2007Ikv IIkv IIIkv IVkv 2008Ikv IIkv IIIkv IVkv 2009Ikv IIkv IIIkv IVkv 2010Ikv IIkv IIIkv IVkv 2011Ikv IIkv IIIkv IVkv 2012Ikv IIkv IIIkv IVkv 2013Ikv IIkv 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
- 7. 200 400 600 800 1000 1200 1400 1600 1800 Economic activities total Agriculture, forestry and fishing Mining and quarrying Manufacturing Electricity, gas, steam and air… Water supply; sewerage, waste… Construction Wholesale and retail trade;… Transportation and storage Accommodation and food… Information and communication Financial and insurance activities Real estate activities Professional, scientific and… Administrative and support… Public administration and… Education Human health and social work… Arts, entertainment and recreation Other service activities EUR Average monthly gross wage by economic activity, 2nd quarter of 2013 Estonia Latvia Lithuania Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania
- 8. 172 192 230 278 278 278 278 290 320 355 390 115 129 172 230 254 254 282 286 287 320 145 159 174 232 232 232 232 232 290 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 50 100 150 200 250 300 350 400 450 2005 2006 2007 2008 2009 2010 2011 2012 2013* 2014* 2015* 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
- 9. 50 55 60 65 70 75 80 85 90 95 100 Employment rate % Estonia Latvia Lithuania Finland Sweden Norway Source: Eurostat 0 5 10 15 20 25 Unemployment rate % Estonia Latvia Lithuania Finland Sweden Norway Source: Eurostat 9
- 10. -20 -15 -10 -5 0 5 10 15 Real GDP growth rate - volume Percentage change on previous year Estonia Latvia Lithuania Finland Sweden Norway Source: Eurostat 0 50 100 150 200 250 GDP per capita in PPS Index (EU28 = 100) Estonia Latvia Lithuania Finland Sweden Norway Source: Eurostat 10