On changes of wages and salaries in the 2nd quarter of 2008

29.08.2008

The information compiled by the Central Statistical Bureau shows that, compared to the 1st quarter, monthly average gross wages and salaries in the country in the 2nd quarter of 2008, increased from 453 to 477 lats, or by 5.3%.

Monthly average gross wages and salaries (lats)

It must be noted that in general in both quarters of this year increase rate of wages and salaries in the country has decreased.

Changes of monthly average gross wages and salaries over corresponding period of previous year in public and private sector (per cent)

Compared to the 2nd quarter of 2007, in the 2nd quarter of this year gross wages and salaries increased by 23.6%. Gross wages and salaries witnessed more rapid growth in private sector – by 23.9%, but in public sector1) the increase constituted 22.5%.

Net monthly wages and salaries in this period increased by 25.6% and reached 348 lats. Considering the consumer price growth that constituted 17.7%, the real increase of the wages and salaries comprised 6.7%.

In private sector wages and salaries still were lower than in public sector. There in the 2nd quarter of this year they reached 568 lats, and, if compared to the same period of previous year, that is 104 lats more. In private sector 434 lats and increase comprised 84 lats, respectively.

If examining the gross wages and salaries in breakdown by kinds of economic activities, it may be concluded that, compared to the 2nd quarter of previous year, in the 2nd quarter of this year the most rapid increase of wages and salaries was in economic activities as education - by 28.8% (from 361 to 465 lats), hotels and restaurants – by 27.0% (from 233 to 296 lats), other community, social and personal services – by 24.8% (from 346 to 432 lats), real estate, renting and business activities – by 24.6% (from 401 to 500 lats) and trade – by 24.4 % (from 319 to 397 lats).

Among the Baltic States the highest gross wages and salaries in the 2nd quarter of this year, just like in all quarters of previous year, were in Estonia – 850 euro, in Latvia – 679 euro, but the lowest – in Lithuania – 648 euro. Compared to the 2nd quarter of 2007, Latvia witnessed the highest increase – 23.6%, Lithuania – 22.5%, and Estonia – 15.2%. But compared to the 1st quarter of this year, the highest increase in the 2nd quarter was in Estonia – 7.9%, in Latvia – 5.3%, and in Lithuania – 4.0%.

Average monthly gross wages and salaries in Baltic States (in euro)

More information on wages and salaries in the country may be found in the data base of the Central Statistical Bureau.

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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