On changes of wages and salaries in 2nd quarter of 2012

31.08.2012

Data of the Central Statistical Bureau (CSB) of Latvia show that, in the 2nd quarter of 2012, average monthly gross wages and salaries in the country comprised LVL 481, and, if compared to the corresponding period of previous year, the rise constitutes LVL 17 or 3.7%.

Wages and salaries in public sector during a year grew by 4.6% (from LVL 497 to LVL 520), of which in general government sector by 1.7% (from LVL 458 to LVL 466), whereas in private sector increase comprised 3.4% (from LVL 443 to LVL 459).

Compared to the 1st quarter of this year, average monthly gross wages and salaries in the country grew by LVL 15 or 3.1%.In public sector rise constituted 6.5% (from LVL 488 to LVL 520), of which in general government sector – 4.5% (from LVL 446 to LVL 466), while in private sector – 1.3% (from LVL 453 to LVL 459).

Average monthly gross wages and salaries, calculated by including also unemployed engaged in paid temporary public works (PTPW) in the number of wage earners, in the 2nd quarter of this year accounted for LVL 478.Data of the State Employment Agency indicate that at the end of June of this year PTPW engaged 7.9 thousand unemployed.

 Average monthly gross wages and salaries by sector (LVL)

 

2nd qtr 2011

 

1st qtr 2012

 

2nd qtr 2012

 

Changes, %

1st qtr 2012 over

1st qtr 2011

2nd qtr 2012 over

2nd qtr 2011

2nd qtr 2012 over

1st qtr 2012

Total

463

*466

481

*3.6

3.7

3.1

Private sector

443

453

459

*4.1

3.4

1.3

Public sector

497

488

520

3.1

4.6

6.5

of which:

 

 

 

 

 

 

General government sector

458

*446

466

*1.3

1.7

4.5

Among the sectors witnessing rise in the wages and salaries the most notable increase during a year was recorded in transport and storage – of 10.7%, in public administration and defence – of 6.5%, in electricity, gas, steam and air conditioning supply – of 6.4%, in other service activities (this sector includes hairdressing and other beauty treatment; activities of public and other organisations; physical well-being activities;repair of computers and personal and household goods; washing and (dry-)cleaning; funeral and related activities) – of 5.8%, as well as in financial and insurance activities – of 5.4%. 

Monthly gross wages and salaries in manufacturing, in the 2nd quarter of this year, as compared to the corresponding period of the previous year, have grown by 5.0%, whereas in construction – by 1.8%.

In its turn, reduction in wages and salaries during this time period was observed in mining and quarrying - of 8.3% (in this sector number of employees rose faster than their remuneration), in education – of 1.1%, and in professional, scientific and technical activities – of 0.1%.

Average monthly gross wages and salaries by main kind of economic activity (LVL)

 

2nd qtr 2011

 

1st qtr* 2012

 

2nd qtr 2012

 

Changes, %

2nd qtr 2012

over

2nd qtr 2011

2nd qtr 2012

over

1st qtr 2012

Total

463

466

481

3.7

3.1

Agriculture, forestry and fishing

438

428

444

1.3

3.8

Mining and quarrying

523

520

480

-8.3

-7.7

Manufacturing

422

427

444

5.0

4.0

Electricity, gas, steam and air conditioning supply

672

627

715

6.4

14.0

Water supply; sewerage, waste management, and remediation activities

491

472

501

2.0

6.1

Construction

428

432

435

1.8

0.7

Wholesale and retail trade, repair of motor vehicles and motorcycles

390

400

407

4.6

1.9

Transport and storage

509

511

563

10.7

10.1

Accommodation and food service activities

299

310

313

4.5

0.7

Information and communication

758

794

768

1.3

-3.2

Financial and insurance activities

964

1018

1015

5.4

-0.2

Real estate activities

397

396

402

1.2

1.5

Professional, scientific and technical activities

599

591

599

-0.1

1.2

Administrative and support service activities

425

433

434

2.2

0.3

Public administration and defence; compulsory social security

539

547

574

6.5

4.9

Education

410

393

406

-1.1

3.3

Health and social work

447

433

453

1.2

4.6

Arts, entertainment and recreation

397

384

398

0.5

3.8

Other service activities

372

396

393

5.8

-0.6

In comparison with the 2nd quarter of 2011, the highest rise of wages and salaries in the 2nd quarter of 2012 among the Baltic States was recorded in Estonia – of 5.0% (from EUR 857 to EUR 900), nevertheless comparison with previous quarters indicates a slower rise. Increase in Latvia comprised 3.7% (from EUR 659 to EUR 684), while in Lithuania - 2.2% (from EUR 610 to EUR 624).

More information on wages and salaries in Latvia is available in the CSB database.

___________________

Explanations

Data source: sample survey of individual merchants, commercial companies, State and local government institutions, foundations, associations and funds as well as administrative data sources.

Public sector is central and local government institutions and commercial companies, commercial companies with central or local government capital participation 50% and over, as well as foundations, associations and funds, and their commercial companies.The information does not include the data on foundations, associations and funds and their commercial companies.

According to the European System of Accounts (ESA 95) the general government sector includes central and local government institutions, the social security fund, enterprises controlled and financed by the central and local governments.

Changes of average m onthly wages and salaries are calculated as rounded values, i.e., considering the value in santims.

* Data are revised.

 

Prepared by the Wage Statistics Section
Lija Luste
Tel.67366917