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Sunday 20.08.2017 | Name days: Bernhards, Boriss
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Average salary in Latvia – LVL 503

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RULatest data compiled by the Central Statistical Bureau of Latvia show that average wages and salaries in the country are growing evenly. As compared to Q2 of 2012, gross wages and salaries in Q2 of 2013 have risen by 4.7% – from LVL 481 to LVL 503.

In comparison with Q1 of this year, gross wages and salaries in the country have gone up by 3.8% – from LVL 485 to LVL 503. Rise in the public sector constituted 6.0%, in private sector – 2.6%, while in general government sector – 4.5%.

Compared to Q2 of 2012, gross wages and salaries in private sector in Q2 of 2013 increased more rapidly than in public sector – by 5.3% (from LVL 459 to LVL 483). Rise in the public sector constituted 3.9% (from LVL 520 to LVL 540), of which 5.2% growth was recorded in the general government sector (from LVL 466 to LVL 491).

In Q2 of this year, average monthly gross wages and salaries, calculated by including also the number of unemployed persons engaged in the paid temporary public works in the employee number, comprised LVL 500. Data of the State Employment Agency show that on average 8.8 thousand unemployed persons were participating in the paid temporary public works during this time period.

Average monthly net wages and salaries in Q2 of this year constituted LVL 361. Along with the smaller inflation, the real rise in the wages and salaries during the year reached 5.2% –exceeding the rise in the nominal net wages and salaries for the first time within the last two years (5.1%).

In comparison with Q2 of 2012, increase in the wages and salaries in Q2 of 2013 was recorded in all sectors, except transportation and storage (drop of 0.8%).

The most notable rise in wages and salaries was recorded in mining and quarrying (of 15.5%); in this sector, as compared to Q2 of 2012, the number of employees diminished, while wage and salary fund grew. Significant changes in the size of wages and salaries were observed also in public administration (+8.8%), construction (+8.6%), as well as financial and insurance activities (+8%).

In other service activities, e.g., 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, wages and salaries grew by 7.4%. Rise in the information and communication sector comprises 7.2%.

Wages and salaries in public administration, financial and insurance activities as well as information and communication sector have increased more notably because of the rise in both regular wages and irregular premiums (irregular bonuses include also compensations for unused holidays, holiday allowance).

Ref: 102.109.109.8815


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