Wages and SalariesIn Estonia and Neighbourhood Countries

March 2015

Compiled by Kadri Seeder

516

601

725

825784 792

839887

949

1005

1066

1134

1208

381430

566

682656

633660

684716

765801

841887

370

433

522

623595 576 593

615646

676720

764813

0

200

400

600

800

1000

1200

1400

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014* 2015** 2016** 2017**

Years

Annual average monthly gross wages, EUR

Estonia Latvia Lithuania

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

* - provisional data

** - forecast

660

738

697

784 789

850

800838

776813

752784

758

823

759

814792

857

809

865847

900

855

916900

976

930

986966

1023

977

1039

504

549575

635 645679 693

711

669 674649

626 615632 637 647 640

659 664 676 663684 687

703 689716 722 737 740

762 772 786

503529

565594

623648

672 672635 629 620 614

588 595 603 614 600 610 613630 619 624 629

646 647 653 668 678 671 682 697715

0

200

400

600

800

1000

1200

200

7 I

Q

II Q

III Q

IV Q

200

8 I

Q

II Q

III Q

IV Q

200

9 I

Q

II Q

III Q

IV Q

201

0 I

Q

II Q

III Q

IV Q

201

1 I

Q

II Q

III Q

IV Q

201

2 I

Q

II Q

III Q

IV Q

201

3 I

Q

II Q

III Q

IV Q

201

4 I

Q

II Q

III Q

IV Q

Average monthly gross wages, EUR

Estonia Latvia Lithuania

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

637

685

648

692677

716

681

729 721

778

742

786769

812

777

456470 473 481 474

488 491 501 496514 521 530

543558 564 575

467 475 477 489 481 485 488 501 501 506 517 524 522 531 541 554

0

100

200

300

400

500

600

700

800

900

2011 I Q

II Q

III Q

IV Q

2012 I Q

II Q

III Q

IV Q

2013 I Q

II Q

III Q

IV Q

2014 I Q

II Q

III Q

IV Q

Average monthly net 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

Q

II Q

III

Q

IV Q

20

06 I

Q

II Q

III

Q

IV Q

20

07 I

Q

II Q

III

Q

IV Q

20

08 I

Q

II Q

III

Q

IV Q

20

09 I

Q

II Q

III

Q

IV Q

20

10 I

Q

II Q

III

Q

IV Q

20

11 I

Q

II Q

III

Q

IV Q

20

12 I

Q

II Q

III

Q

IV Q

20

13 I

Q

II Q

III

Q

IV Q

20

14 I

Q

II Q

III

Q

IV Q

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

2013 2014

I Q II Q III Q IV Q I Q II Q III Q IV Q

6.3% 8.5% 8.8% 7.6% 7.3% 4.8% 5.1% 5.3%

4.0% 4.7% 5.1% 4.8% 7.4% 6.6% 7.4% 6.6%

4.4% 4.6% 6.2% 4.8% 3.7% 4.4% 4.3% 5.4%

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

200

5 I

Q

II Q

III Q

IV Q

200

6 I

Q

II Q

III Q

IV Q

200

7 I

Q

II Q

III Q

IV Q

200

8 I

Q

II Q

III Q

IV Q

200

9 I

Q

II Q

III Q

IV Q

201

0 I

Q

II Q

III Q

IV Q

201

1 I

Q

II Q

III Q

IV Q

201

2 I

Q

II Q

III Q

IV Q

201

3 I

Q

II Q

III Q

IV Q

201

4 I

Q

II Q

III Q

IV Q

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

2013 2014

I Q II Q III Q IV Q I Q II Q III Q IV Q

2.7% 4.9% 5.8% 6.0% 6.7% 4.8% 5.6% 5.8%

4.4% 5.4% 6.4% 6.2% 8.9% 7.8% 7.4% 7.9%

2.1% 3.0% 5.4% 4.2% 4.0% 4.9% 4.6% 5.7%

0 500 1000 1500 2000

Agriculture, forestry and fishing

Mining and quarrying

Manufacturing

Electricity, gas, steam and air conditioning supply

Water supply; sewerage, waste management and…

Construction

Wholesale and retail trade; Repair of motor…

Transportation and storage

Accommodation and food service activities

Information and communication

Financial and insurance activities

Real estate activities

Professional, scientific and technical activities

Administrative and support service activities

Public administration and defence; compulsory…

Education

Human health and social work activities

Arts, entertainment and recreation

Other service activities

Average monthly gross wage by economic activity, 4th quarter of 2014, EUR

Estonia

Latvia

Lithuania

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

0% 2% 4% 6% 8% 10% 12% 14%

Agriculture, forestry and fishing

Mining and quarrying

Manufacturing

Electricity, gas, steam and air conditioning supply

Water supply; sewerage, waste management and…

Construction

Wholesale and retail trade; Repair of motor…

Transportation and storage

Accommodation and food service activities

Information and communication

Financial and insurance activities

Real estate activities

Professional, scientific and technical activities

Administrative and support service activities

Public administration and defence; compulsory…

Education

Human health and social work activities

Arts, entertainment and recreation

Other service activities

Change of average monthly gross wage by economic activity, 4tjQ 2013/14 The same quarter of previous year = 100

Estonia Latvia Lithuania

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

0%

1%

2%

3%

4%

5%

6%

7%

0

500

1000

1500

2000

2500

3000

3500

EU

R

Average earnings and change of average earnings and real earnings in Finland

Average earnings Change of average earnings Change of real earnings

0%

5%

10%

15%

20%

25%

30%

35%

0

100

200

300

400

500

600

700

800

EU

R

Average wages in Russia

Average wage Change of average earnings

-10%

0%

10%

20%

30%

40%

50%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014*)

Change of average and real wages in Russia

Change of real wage Change of average wage

*) Preliminary data

For further information and comments please contact:

The Salary Information Agency

E-mail: palgauuring@palgainfo.ee

Phone: +372 56885066

http://www.palgainfo.ee