Latviski English По-русски
Saturday 24.03.2018 | Name days: Kazimirs, Izidors

Average pay in Latvia was 925 euros in Q3 2017

(No Ratings Yet)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn Q3 2017 the average gross wages and salaries for full-time work comprised 925 euros. Compared to Q3 2016, the average earnings have increased by 65 euros or 7.5 %.

Compared to the previous quarter, gross wages and salaries fell by 0.2 % or two euros in Q3 2017.

Compared to Q32016, gross wages and salaries fund rose by 8.3 % or 162.3 million euros, whereas the number of salaried workers (recalculated into full-time units) grew only by 0.7 % or 5.7 thousand in Q3 2017, according to data from the Central Statistical Bureau of Latvia.

In Q3 2017, the average net wages and salaries constituted 674 euros, which is 6.7 % more than in Q3 2016. In general, the average net wages and salaries rose slower than the earnings before taxes.

The increase in consumer prices registered in Q3 2017 (of 2.9 %, compared to the corresponding period of the previous year) had downward effect on the purchasing power of the employed population – the real wages and salaries grew only by 3.7 %.

Compared to Q3 2016, in Q3 this year similar wage and salary rise was observed in both private and public sector – of 7.7 % and 7.8 %, respectively, whereas increase in general government sector was slightly higher – 8.5 %.

In Q3 2017, the average gross wages and salaries amounted to 913 euros in private sector and to 954 euros in public sector, whereas in general government sector, which includes central and local government institutions, as well as enterprises controlled and financed by the central and local government, it amounted to 911 euros.

Compared to the corresponding quarter of the previous year, in Q3 2017 the increase in wages and salaries was recorded in all sectors, except for electricity, gas, steam and air conditioning supply (drop of 4.3 %) and real estate activities (decline of 0.5 %).

The sharpest rise in the average wages and salaries was observed in professional, scientific and technical activities (that include legal and accounting activities, advertising and market research, architectural and engineering activities, management consultancy activities, scientific research and development, etc.) – of 10.1 % (with the sharpest increase in activities of head offices; management consultancy activities, advertising and market research as well as scientific research and development ), public administration and education – of 9.6 % in each, mining and quarrying – of 8.8 %, manufacturing – of 8.6 %, wholesale and retail trade – of 8.2 % (with the sharpest rise in wholesale), arts, entertainment and recreation – of 8.2 %, and administrative and support service activities – of 8.0 % (with the highest growth in office administrative, office support and other business support activities and security and investigation activities).

In all mentioned highest-level sectors of the classification of economic activities, except for wholesale and retail trade, the rapid increase in the average wages and salaries was influenced by the fast rise in the wage and salary fund, whereas in wholesale and retail trade, wage and salary fund increased, but the number of full-time employees declined.

Compared to the corresponding period of the previous year, in Q3 2017 the drop in the average wages and salaries in electricity, gas, steam, and air conditioning supply was affected by the reduction in irregular premiums and bonuses (regular earnings grew by 4.4 %), while in real estate activities faster increase was registered in the number of full-time employees, as compared to the growth in the wages and salaries fund.

In Q3 2017, the highest wages and salaries for full-time work were registered in financial and insurance activities, information and communication and energy, energy, public administration and defence, mining and quarrying, as well as professional, scientific and technical activities. In other sectors, the average wages and salaries before taxes were below the national average.

The lowest wages and salaries, in turn, were observed in accommodation and food service activities, other service activities (that includes activities of public and other organisations, repair of computers and personal and household goods, washing and (dry-)cleaning, hairdressing and other beauty treatment, funeral and related activities), education, real estate activities, as well as arts, entertainment and recreation.

Compared to Q3 2016, regional breakdown shows the sharpest rise in the average monthly gross wages and salaries in Vidzeme, Latgale and Kurzeme regions – of 9.6 %, 9.1 % and 8.4 %, respectively. Annual rise in Riga that had the highest earnings in Q3this year (1041 euros) was the lowest among all regions – 7.1 %. The lowest average gross wages and salaries still were observed in Latgale region – 646 euros for full-time work, followed by Vidzeme with 747 euros, Kurzeme with 785 euros, Zemgale with 791 euros, whereas indicator registered in Pierīga region amounted to 866 euros.


Leave a reply

MEP: operations of certain banks in Latvia ruin the country’s reputation

Money laundering is a problem in Latvia, because the activities performed by certain banks ruin the country’s reputation, said member of the European Parliament Krišjānis Kariņš in an interview to Rietumu Radio.

Harmony believes education only in Latvian language is discrimination

Members of Harmony’s Saeima faction have turned to President of Latvia Raimonds Vējonis with a request to halt the parliament’s newly approved amendments to the General Education Law and Education Law regarding education only in Latvian language.

Opinion: UFG and For Latvia and Ventspils were in favour of Vejonis congratulating Putin

Latvia’s President Raimonds Vējonis sent his congratulation to the newly-elected President of Russia Vladimir Putin in order to secure political capital for himself during next year’s presidential elections, says Assoc. Prof. Ojārs Skudra from Social Sciences Faculty of the University of Latvia.

Commissioner: Latvia should provide a clear response to situation in its financial sector

The scandal in Latvia’s financial sector has been reported far and wide in the European Union. This is why it is highly important for Latvia to provide a clear reaction to all this, said Vice-President of the European Commission for Financial Stability, Financial Services and Capital Market Union Valdis Dombrovskis.

Don't joke about bombs at Tallinn Airport, they take it seriously

Estonia's largest airport in Tallinn has from early 2017 received 14 threats of the presence of explosives in the air-travel hub, most of which have been discovered to be just jokes said at the wrong place.

Minister: learning in a single education system using state language is only obvious

Education using state language is our way of ensuring sustainable development of our nation, says Latvia’s Education and Science Minister Kārlis Šadurskis.

Estonian banks close foreigner accounts in wake of ABLV closure

In the wake of the closure of ABLV Bank in Latvia and alleged money laundering via the Estonian branch of Danske Bank, lenders in Estonia are closing the accounts of foreigners, but this threatens the country's successful e-Residency programme aimed at attracting foreign investors.

Latvian Saeima conceptually supports limiting the Bank of Latvia governor’s authority

The Saeima has supported amendments to the Law on the Bank of Latvia in the first reading. Amendments provide that the term of the bank’s governor, his deputy and council members will be five years, as reported by Saeima’s press-service.

Baltic shareholders agree to keep Baiba Rubesa in charge of RB Rail

RB Rail CEO and board chairperson Baiba Rubesa will keep her post. This was decided by shareholders during the 22 March meeting. «The supervisory council had previously mentioned the CEO’s contribution to the company’s development. Still, we intend to find solutions and continue realizing Rail Baltica project,» said RB Rail Supervisory Council chairperson Riia Sillave.

Syrian rebel groups in eastern Ghouta announce ceasefire

In the besieged eastern Ghouta territory in Syria, which has been under heavy air strikes and artillery fire for about a month, several opposition rebel groups have agreed to ceasefire.

EU member states on Skripal attack: «Highly likely» Russia was responsible

The European Union has stated it would recall its ambassador to Moscow for consultations after heads of member states and their governments agreed it was very likely that Russia was responsible for the attack with a chemical weapon on a Russian-British double agent.

Weather to remain cold in Latvia until Easter; more snowfall expected

Weather in Latvia is expected to become cold again after a brief period of warmth. Air temperature will drop again at the beginning and the middle of next week; some areas may experience frost again, as reported by Latvian State, Environment, Geology and Meteorology Centre.

Farmers in Latvia dissatisfied with resolution of electricity-related problems

Two months have passed since farmers in Latvia had received unjustifiably large electricity bills. Countless meetings and discussions have taken place in those two months. Unfortunately, no decisive measures have been undertaken to resolve the problem. Farmers are confused with decision-makers’ incisiveness in a matter important to the national economy, as noted by the Farmers’ Saeima.

Life after 25 May: is this the end for free publication of photo galleries from events?

Many of us like to check out photos from concerts, conferences or sport events on gallery portals and social networks to have a look at guests of those events. However, after 25 May, when General Data Protection Regulation (GDPR) comes into force, the situation will no longer be the same.

Saeima to establish legal framework for Baltic cooperation in disaster prevention

On Thursday, 22 March, Latvian Saeima supported a legislative draft, ratification of which will help create legal framework with other Baltic States in prevention of disasters, as reported by the parliament’s press-service.

Number of complaints with postal services on a rise in Latvia

Public Utilities Commission has compiled information about complaints submitted by residents in regards to postal services in 2017. The number of complaints has increased alongside opposing views about package terminals – the regulator has received 37 complaints in total.

Output of livestock products in Latvia increased in 2017

Compared to 2016, output of meat grew by 4.6 % and output of milk by 1.4 % in 2017. In 2017, in Latvia 91.2 thousand tonnes of meat were produced, which is 4.0 thousand tonnes or 4.6 % more than in 2016. The most significant increase was observed in the output of poultry (of 11.3 %) and pork (4.7 %).

Turkey's offensive in Syria condemned by NATO ally Germany

Angela Merkel, the head of the German federal government has stated that Turkey’s military offensive in the northern Syrian town of Afrin was unacceptable and she blamed Russia for simply watching, while attacks by Syrian government forces on besieged eastern Ghouta continue.

Finance minister still believes tax reform in Latvia has brought results

«The tax reform has given us the results we had expected, especially in regards to combating envelope wages,» said Latvia’s Finance Minister Dana Reizniece-Ozola in an interview to 900 seconds programme of LNT.

Planned hospital reorganisation in Lithuanian regions irks both mayors and patients

If the plan of the Lithuanian Ministry of Health to overhaul treatment services in the provinces does not hit a snag, the rural hospitals will be soon providing only essential care and nursing, the focus will be on out-patient care and treatment will be available only in larger county hospitals.

Ventspils beach high in popularity this week; Lembergs gets spotlight time as well

Ventspils ended up in the spotlight in an unusual way this week: seals washed up on the beach there. Animal Freedom emphasizes that human contact with baby seals would hurt them. Residents are asked to maintain at least 50 m distance from them. However, the suspended Mayor of Ventspils Aivars Lembergs decided to take photos with baby seals and publish them on his Facebook profile.

Ombudsman: problems in nursing homes and social care centres are associated with lack of funding

Problems in nursing homes and social care centres are largely associated with lack of funding, because it is not possible to perform high-quality work using currently available resources. This is the responsibility of ministries and the government, as ombudsman Juris Jansons mentioned in an interview to Latvijas Radio.

Estonian music authors receive record royalties for 2017

The organisation, which is tasked by collecting royalties for local and foreign music in Estonia, the Estonian Authors' Society, has received six million euros in royalties in 2017, which is its record level.

Facebook sorry for permitting exploitation of 50 million user data in politics

Facebook CEO Mark Zuckerberg has apologised for the social network failing to ensure enough privacy to its users that allowed for data on about 50 million of its users to abused by a political consultancy firm.

Zhdanok’s replacement to promote non-citizen matter in European Parliament

Miroslavs Mitrofanovs, who has taken Tatyana Zhdanok’s place in the European Parliament, plans to promote the matter of non-citizens in the institution.

Newest comments