Economists: the average salary of "paper" could exceed 1100 euros next year

In the third quarter of 2018, compared to the third quarter of 2017, the average gross monthly salary increased by 8%, or 75 euros, to reach 1006 euros for full-time work, according to the latest data from the Central Bureau of Statistics (CSB ). Economists predict that the average salary "on paper" could exceed 1 100 euros next year.

During the year, the average salary in the public sector increased faster than in the private sector – by 8.5% and 7.7% respectively. The average gross monthly salary in the private sector was 992 euros, in the public sector – 1036 euros, while in the general government sector, which includes state and local government institutions, as well as the privately owned companies. controlled and financed by the state and the municipalities, the average salary went up to 993 euros. 8%.

"This means that the average wage in Latvia has reached 744 euros and similar growth has been observed in the rest of the Baltic states as well as in other parts of Eastern Europe." In terms of wages, Lithuania is still ahead, while the average salary in the third quarter was 936 euros, but still lag behind Estonia, where it is already around 1300 euros, "says Martins Āboliņš, an economist at Citadele Bank.

There is no doubt that the struggle of employees continues to worsen, employers being forced to be more lenient in their demands, salary data may not give a complete picture of the situation. rising costs. Peter Strautien, an economist at the Luminor Bank, recently said at the head of an industrial company: "Sometimes I can not send home a worker who has come to relax, not to mention the dismissal."

"It is expected that the average salary will increase overall by less than 9% before taxes this year, and next year, with the disappearance of the effect of the increase in salary minimum, the average salary will increase by about 7%, which is still quite fast, "says Agnese Buceniece, senior economist at Swedbank.