On changes of wages and salaries in the 1st quarter of 2008
The information compiled by the Central Statistical Bureau shows that, compared to the 1st quarter of previous year, monthly average gross wages and salaries in the country in the 1st quarter of 2008 increased from 354 to 453 lats, or by 28.1%.
Monthly average gross wages and salaries (lats)
Due to the growth of basic allowance and tax relief on dependants, net wages and salaries increased more rapidly than gross wages and salaries. Compared to the 1st quarter of previous year, net wages and salaries in the three months of this year increased by 29.7% and reached on average 330 lats.
Considering the consumer price growth that constituted 16.4%, the real increase of the wages and salaries during this period comprised 11.4%.
Gross wages and salaries witnessed more rapid growth in private sector – by 28.6%, but in public sector1) the increase constituted 27.2%.
Growth of monthly average gross wages and salaries over corresponding period of previous year in public and private sector (per cent)
In private sector monthly average wages and salaries still were lower than in public sector. In public sector in the 1st quarter of this year they were 516 lats. Compared to the first quarter of previous year, the increase is 110 lats. In private sector 424 lats and 94 lats, respectively.
It should be mentioned that, the difference between wages and salaries of private and public sectors is growing. If in the 1st quarter of 2007 wages and salaries in the public sector were 76 lats higher than in private sector, then in the 1st quarter of this year this difference constituted 92 lats.
If examining the gross wages and salaries in breakdown by kinds of economic activities, it may be concluded that, compared to the 1st quarter of previous year, in the 1st quarter of this year the most rapid increase of wages and salaries was in education - by 32.1% (from 327 to 432 lats), transport, storage and communication – by 31.4% (from 372 to 488 lats), commercial services – by 30.0% (from 378 to 491 lat), construction – by 28.7% (from 323 to 416 lats) and trade – by 28.0% (from 297 to 380 lats).
Compared to the 4th quarter of previous year, in the 1st quarter of this year gross wages and salaries in the country grew by 1.6%. In private sector the growth constituted 8.3%, but in public sector wages and salaries reduced by 8.6%. The decrease may be explained with the fact that, in the 4th quarter annual and holiday bonuses are paid.
Among the Baltic States the highest gross wages and salaries in the 1st quarter of this year, just like in all quarters of previous year, were in Estonia – 788 euro, but the lowest – in Lithuania – 623 euro. Compared to the 1st quarter of 2007, Latvia witnessed the highest increase – 28.1%, Lithuania – 23.8%, and Estonia – 19.5%. But compared to the 4th quarter of 2007, the highest increase during the fist three months of this year was in Lithuania – 4.8%, in Latvia – 1.6%, and in Estonia – 0.5%.
Monthly average gross wages and salries (euro)
1) Public sector is state and local government commercial companies, as well as companies with state or local government part of capital 50% and more, foundations, associations and funds, and their commercial activities. Data on foundations, associations and funds and their commercial activities are not included in information.
Prepared by the Wage Statistics Section
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