2nd quarter indicates lower average wage and salary increase rate

29.08.2016

Data of the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2016 average gross wages and salaries in the country constituted 838 euros. Compared to the 2nd quarter of 2015, average wages and salaries grew by 3.3 % or 27 euros, indicating 2.6 percentage points lower annual increase rate than in the 1st quarter.

Average monthly gross wages and salaries in the private sector accounted for 813 euros and for 885 euros in the public sector, while in general government sector that includes state and local government institutions, State Social Insurance Agency and enterprises controlled and financed by the central and local governments – 824 euros. Annual increase in the wages and salaries was similar in both private and public sector – of 3.3 and 3.2 %, respectively.

In the 2nd quarter of 2016, the average net wages and salaries in the country comprised 616 euros, and, compared to the 2nd quarter of the previous year, wages and salaries grew by 2.9 %. Annual drop of 0.7 % in the consumer prices had effect on the purchasing power of the employed resulting in 3.6 % increase in the real net wages and salaries.

Changes in average gross monthly wages and salaries by sector, euros

 

Q1 2015

 

Q2 2015

 

Q1 2016

 

Q2 2016

 

Changes, %

Q1 2016 compared to

Q1 2015

Q2 2016 compared to

Q2 2015

Q2 2016 compared to

Q1 2016

Total

786

811

*832

838

*5.9

3.3

0.7

Private sector

773

788

*827

813

*6.9

3.3

-1.7

Public sector

809

858

*842

885

4.1

3.2

5.2

   of which:

 

 

 

 

 

 

 

General government sector

757

796

788

824

4.1

3.5

4.6

                        * Data are revised

Compared to the corresponding period of 2015, in the 2nd quarter of 2016 gross wage and salary fund increased by 5.3 % or 95.4 million euros, but number of salaried workers in the country (at full time-units) grew by 1.9 or 13.9 thousand.

In the 2nd quarter of 2016, just like in the previous year, the highest average wages and salaries were recorded in financial and insurance activities, information and communication, as well as energy sector, whereas the lowest wages and salaries were observed in accommodation and food service activities, other service activities, education, arts, entertainment and recreation, and trade.

Compared to the 2nd quarter of 2015, in the 2nd quarter of 2016 average gross wages and salaries rose in all sectors except for professional, scientific and technical activities as well as transportation and storage indicating a decline of 0.8 % and 0.6 %, respectively.

Greater increase was recorded in water supply; sewerage, waste management, and remediation activities (of 10.0 %), administrative and support service activities (of 7.9 %) that was influenced by the rise in irregular bonuses. During the year, regular wages and salaries in the sectors rose by 5.2 % and 6.1 %, respectively.

The increase exceeding the national average was observed also in public administration (of 4.7 %), financial and insurance activities (4.5 %), manufacturing (4.0 %) and information and communication (3.6 %). Wage and salary increase in other sectors was comparatively smaller – from 1.4 % to 3.2 % during the year.

Average monthly gross wages and salaries in the 2nd quarter of 2015 and of 2016 and changes thereof

More information on wages and salaries in Latvia is available in the CSB database section Wages and Salaries – Key indicators. Wage and salary statistics on 2015 and 2nd quarter of 2016 is published in the database section Wages and Salaries (short term statistical data and Annual statistical data).

Methodological explanations:

Data source used for wage and salary statistics: the sample survey of individual merchants, commercial companies, state and local government institutions, foundations, associations and funds, as well as administrative data sources.

In calculations of average wages in public sector the CSB includes central and local government institutions and their commercial companies, companies with central or local government capital participation 50 % and over, except foundations, associations, funds, and their commercial companies.

According to the European System of Accounts the general government sector includes central and local government institutions, social security fund, enterprises controlled and financed by the central and local governments.

Changes of the average monthly wages and salaries are calculated as not-rounded values, i.e., taking into account the value in cents. When calculating average monthly wages and salaries, the number of salaried employees is re-calculated into the full-time units, thus eliminating the differences in salaries paid for various workloads.

 

Media requests:
Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: + 371 67366621, + 371 27880666
www.twitter.com/CSB_Latvia
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More information on data:
Lija Luste
Wage Statistics Section
E-mail: Lija [dot] Luste [at] csb [dot] gov [dot] lv
Phone: +371 67366917