On changes of wages and salaries in 3rd quarter of 2012

30.11.2012

Data of the Central Statistical Bureau (CSB) of Latvia show that, in the 3rd quarter of 2012, average monthly gross wages and salaries in the country comprised LVL 484, and, if compared to the corresponding period of previous year, the rise constitutes 3.6% or LVL 17, thus maintaining the same increase rate as in the 1st half of 2012, as compared to two quarters of 2011.

The most notable rise in wages and salaries was recorded in public sector - of 5.2% (from LVL 493 to LVL 518), of which in general government sector of 3.5% (from LVL 454 to LVL 470), while in private sector the growth comprised 2.8% (from LVL 452 to LVL 465).

Compared to the 2nd quarter of this year, average monthly gross wages and salaries in the country grew by LVL 3 or 0.6%. In public sector wages and salaries reduced by 0.4% (from LVL 520 to 518), whereas in private sector they increased by 1.4% (from LVL 458 to 465). Wages and salaries in general government sector grew by 0.8% (from LVL 466 to LVL 470).

In the 3rd quarter of this year, the average monthly gross wages and salaries, calculated by including also unemployed engaged in paid temporary public works (PTPW) in the number of wage earners, constituted LVL 479. Data of the State Employment Agency indicate that at the end of September of this year PTPW engaged 9.3 thousand unemployed.

 Average monthly gross wages and salaries by sector (LVL)

The highest rise of wages and salaries during the year was observed in transport and storage – of 7.5%, in public administration and defence – of 6.0%, 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%, and in real estate activities - of 5.4%.

Monthly gross wages and salaries in manufacturing, in the 3rd quarter of this year, as compared to the corresponding period of previous year, have grown by 4.8%, whereas in construction – by 1.8%.

Slight reduction of wages and salaries during this time period was recorded in information and communication sector – of 0.4%, as well as in administrative and support service activities – of 0.8%.

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

 

3rd qtr 2011

 

2nd qtr* 2012

 

3rd qtr 2012

Changes, %

3rd qtr 2012

over

3rd qtr 2011

3rd qtr 2012

over

2nd qtr 2012

Total

467

481

484

3.6

0.6

Agriculture, forestry and fishing

462

445

466

0.9

4.7

Mining and quarrying

504

480

519

2.9

8.1

Manufacturing

432

442

453

4.8

2.3

Electricity, gas, steam and air conditioning supply

741

716

754

1.7

5.2

Water supply; sewerage, waste management, and remediation activities

479

499

498

4.1

-0.2

Construction

446

436

454

1.8

4.2

Wholesale and retail trade, repair of motor vehicles and motorcycles

394

407

411

4.3

0.8

Transport and storage

501

562

538

7.5

-4.2

Accommodation and food service activities

307

314

315

2.8

0.4

Information and communication

787

759

784

-0.4

3.4

Financial and insurance activities

960

1018

987

2.9

-3.0

Real estate activities

400

403

421

5.4

4.4

Professional, scientific and technical activities

593

599

593

0.0

-1.0

Administrative and support service activities

432

431

428

-0.8

-0.7

Public administration and defence; compulsory social security

544

573

577

6.0

0.6

Education

399

406

411

2.9

1.2

Health and social work

442

453

453

2.4

-0.1

Arts, entertainment and recreation

386

399

399

3.5

0.2

Other service activities

386

392

409

5.8

4.2

Compared to the 3rd quarter of 2011, the highest growth of wages and salaries among Baltic States in the 3rd quarter of 2012 was recorded in Estonia – of 5.7% (from EUR 809 to EUR 855), in Latvia increase constituted 3.6% (from EUR 664 to EUR 688), whereas in Lithuania - 2.6% (from EUR 613 to EUR 629).

The real rise of wages and salaries in Latvia and Estonia (considering changes of consumer prices) during this time period comprised 1.9%. Whereas in Lithuania, due to the fact that prices have increased slightly faster than wages, a reduction of 0.8% can be observed.

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 monthly 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