The wages and salaries in Baltic states

September 2013

Source: Statistics Estonia

Compiled by Kadri Seeder

516

601

725

825

784 792

839

887

381

430

566

682 656

633 660

684

370

433

522

623 595

576 593

615

0

100

200

300

400

500

600

700

800

900

1000

2005 2006 2007 2008 2009 2010 2011 2012

EU

R

Years

Average monthly gross wages, EUR

Estonia Latvia Lithuania

Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania

411

484

583

670

637 637

672

706

250

307

407

498 487

450 470

488

265

317

392

478 464

449 462

478

0

100

200

300

400

500

600

700

800

2005 2006 2007 2008 2009 2010 2011 2012

EU

R

Years

Average monthly net wages, EUR

Estonia Latvia Lithuania

Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania

660

738

697

784 788

850

800

838

776

813

752 783

758

822

759

814 792

857

809

865 847

900

855

916 900

976

504

549 575

635 645

679 693

711

669 674 649

626 615 632 637 647 640

659 664 676 663 684 687

703 690 716

503 529

565 594

623 648

672 672

635 629 620 614 588 595 603 614

600 610 613 630 619 624 629

646 647 653

0

100

200

300

400

500

600

700

800

900

1000

2007 I q

II q

III q

IV q

2008 I q

II q

III q

IV q

2009 I q

II q

III q

IV q

2010 I q

II q

III q

IV q

2011 I q

II q

III q

IV q

2012 I q

II q

III q

IV q

2013 I q

II q

Average monthly gross wages, EUR

Estonia

Latvia

Lithuania

Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

40%

20

05 I

kv

II k

v

III

kv

IV k

v

20

06 I

kv

II k

v

III

kv

IV k

v

20

07 I

kv

II k

v

III

kv

IV k

v

20

08 I

kv

II k

v

III

kv

IV k

v

20

09 I

kv

II k

v

III

kv

IV k

v

20

10 I

kv

II k

v

III

kv

IV k

v

20

11 I

kv

II k

v

III

kv

IV k

v

20

12 I

kv

II k

v

III

kv

IV k

v

20

13 I

kv

II k

v

Change of average monthly gross wages The same quarter of previous year = 100

Estonia Lativa Lithuania

Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania

Note: Real wages take into account the influence of the change in the consumer price index

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

20

05 I

kv

II k

v

III

kv

IV k

v

20

06 I

kv

II k

v

III

kv

IV k

v

20

07 I

kv

II k

v

III

kv

IV k

v

20

08 I

kv

II k

v

III

kv

IV k

v

20

09 I

kv

II k

v

III

kv

IV k

v

20

10 I

kv

II k

v

III

kv

IV k

v

20

11 I

kv

II k

v

III

kv

IV k

v

20

12 I

kv

II k

v

III

kv

IV k

v

20

13 I

kv

II k

v

Change of real wages The same quarter of previous year = 100

Estonia Latvia Lithuania

Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania

Note: Real wages take into account the influence of the change in the consumer price index

200 400 600 800 1000 1200 1400 1600 1800

Economic activities total

Agriculture, forestry and fishing

Mining and quarrying

Manufacturing

Electricity, gas, steam and air…

Water supply; sewerage, waste…

Construction

Wholesale and retail trade;…

Transportation and storage

Accommodation and food…

Information and communication

Financial and insurance activities

Real estate activities

Professional, scientific and…

Administrative and support…

Public administration and…

Education

Human health and social work…

Arts, entertainment and recreation

Other service activities

EUR

Average monthly gross wage by economic activity, 2nd quarter of 2013

Estonia

Latvia

Lithuania

Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania

172

192

230

278 278 278 278 290

320

355

390

115

129

172

230

254 254

282 286 287

320

145 159

174

232 232 232 232 232

290

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

0

50

100

150

200

250

300

350

400

450

2005 2006 2007 2008 2009 2010 2011 2012 2013* 2014* 2015*

EU

R

Years

Minimum wages (EUR) and ratio to gross average wage

Estonia - minimum wage Latvia - minimum wageLithuania - minimum wage Estonia - ratioLatvia - ratio Lithuania - ratio

Source: Statistics Estonia, Central Statistical Bureau of Latvia, Statistics Lithuania

*Forecast

50

55

60

65

70

75

80

85

90

95

100

Employment rate %

Estonia Latvia Lithuania

Finland Sweden Norway

Source: Eurostat

0

5

10

15

20

25

Unemployment rate %

Estonia Latvia Lithuania

Finland Sweden Norway

Source: Eurostat 9

-20

-15

-10

-5

0

5

10

15

Real GDP growth rate - volume Percentage change on previous year

Estonia Latvia Lithuania

Finland Sweden Norway

Source: Eurostat

0

50

100

150

200

250

GDP per capita in PPS Index (EU28 = 100)

Estonia Latvia Lithuania

Finland Sweden Norway

Source: Eurostat 10