During 2012 wages and salaries increased by LVL 17 or 3.7%

01.03.2013

Data compiled by the Central Statistical Bureau (CSB) show that average monthly wages and salaries in 2012 comprised LVL 481, and their increase rate has reduced, as compared to the year before. Rise in the wages and salaries in 2011 constituted 4.4%, moreover it was similar in both public and private sector – 4.7% and 4.6%, respectively; whereas in 2012 more notable increase was recorded in the public sector.

In 2012, wages and salaries in public sector grew by 4.5% (from LVL 493 to LVL 515), while in private sector they increased by 3.5% (from LVL 447 to LVL 463). Rise in the general government sector constituted 2.6% (from LVL 454 to LVL 466).

The average monthly net wages and salaries grew by 3.9% (from LVL 330 to LVL 343). The real increase of net wages and salaries, considering annual price rise of 2.3%, constituted 1.6%.

Changes of average monthly wages and salaries by sector
(% over corresponding period of previous year)

 

 

Q1 2012

Q2 2012

Q3 2012

Q4 2012

2012

Total

3.6

*3.8

*3.5

4.0

3.7

Private sector

4.1

*3.5

*2.7

3.8

3.5

Public sector

3.1

4.6

5.2

4.9

4.5

  of which:

 

 

 

 

 

general government sector

1.3

1.7

3.5

3.6

2.6

In the 4th quarter of 2012, the average monthly gross wages and salaries in the country comprised by LVL 494, and, in comparison with the corresponding period of the previous year, wages and salaries grew by 4.0%. Increase in the public sector constituted 4.9%, of which 3.6% in general government sector, and growth in private sector comprised 3.8%.

Compared to the 3rd quarter of 2012, average monthly gross wages and salaries in the country rose by LVL 11 or 2.3%. In public sector wages and salaries during this time period increased by 2.5% and in private sector – by 2.1%.

In 2012, 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 477. Data of the State Employment Agency show that 30.5 thousand unemployed persons in 2012 were participating in PTPW.

Average monthly gross wages and salaries by sector (LVL)

In 2012, the most notable rise of wages and salaries was recorded in transport and storage sector (of 7.7%) as well as in electricity, gas, steam and air conditioning supply and in public administration (of 4.9%). The lowest increase, in its turn, was observed in agriculture, forestry and fishing (of 0.7%), whereas in mining and quarrying wages and salaries diminished by 1.0%.

As compared to 2011, in 2012 monthly gross wages and salaries in manufacturing grew faster than on average in the country – by 4.6%, while in construction rise comprised 2.0%.

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

 

2011

Q4 2011

2012

Q1* 2012

Q2* 2012

Q3* 2012

Q4 2012

Changes, %

2012

over 2011

Q4 2012 over

Q4 2011

Q4 2012 over

Q3 2012

Total

464

475

481

466

481

483

494

3.7

4.0

2.3

Agriculture, forestry and fishing

449

470

452

428

445

465

468

0.7

-0.4

0.6

Mining and quarrying

518

537

513

518

480

518

541

-1.0

0.9

4.6

Manufacturing

426

440

446

427

443

452

459

4.6

4.3

1.5

Electricity, gas, steam and air conditioning supply

668

642

701

627

716

754

710

4.9

10.7

-5.8

Water supply; sewerage, waste management, and remediation activities

481

498

498

472

499

498

521

3.5

4.5

4.5

Construction

437

449

446

433

436

453

458

2.0

1.9

1.0

Wholesale and retail trade, repair of motor vehicles and motorcycles

391

401

409

399

408

409

420

4.7

4.9

2.6

Transport and storage

504

524

543

511

563

538

558

7.7

6.4

3.6

Accommodation and food service activities

300

298

312

310

314

315

309

3.9

3.5

-2.0

Information and communication

779

804

788

794

760

781

815

1.1

1.4

4.3

Financial and insurance activities

966

989

1005

1017

1016

988

998

4.0

0.9

1.0

Real estate activities

399

404

414

396

414

421

424

3.6

5.1

0.7

Professional, scientific and technical activities

591

594

602

593

595

589

631

1.9

6.3

7.2

Administrative and support service activities

429

441

437

433

430

429

454

1.8

3.0

5.8

Public administration and defence; compulsory social security

547

573

573

547

573

579

594

4.9

3.6

2.7

Education

401

400

407

393

406

411

417

1.4

4.4

1.6

Health and social work

440

448

450

432

453

453

464

2.5

3.5

2.4

Arts, entertainment and recreation

388

392

397

384

399

399

407

2.4

3.9

2.1

Other service activities

383

399

402

396

392

406

413

4.8

3.4

1.7

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.

When calculating average monthly wages and salaries the number of salaried employees is re-calculated into full-time units, thus eliminating the differences in salaries paid for various workloads.

* Data are revised.

 

Prepared by the Wage Statistics Section
Lija Luste
Tel. 67366917