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In the third quarter of 2018, compared to the same period of the previous year, the average gross monthly salary increased by 8%, from € 75 to € 1,006 for full-time work. However, based on September data alone, the average wage has fallen to 982 euros, according to the latest data from the Central Bureau of Statistics (CSB).
The public sector is growing faster
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 wage in the private sector was 992 euros, in the public sector – 1,036 euros, while in the general government sector, which includes state and local government institutions, as well as the controlled companies. and financed by the state and the municipalities, the average salary was 993 euros. , 8%.
In September, in the public sector, the average wage was 994 euros, while in the private sector it was 976 euros.
In general, the average salary of more than 1000 euros was maintained from May to August, but in the public sector also in April. In the private sector, however, this limit was only exceeded for two months: in July and August.
Last September, we also saw an average decline in wages.
Salary after tax 744 euros
In the third quarter of 2018, the average net salary was 744 euros (calculated with the help of workplace taxes applicable in the workplace). Compared with the previous quarter, net salaries decreased by 22 cents. Over the year, it grew by 9.5%, with a faster growth rate of 1.5 percentage points compared to pre-tax pay.
The actual increase in net wages, given the 2.9% rise in consumer prices over the course of the year, stood at 6.4%.
The largest increase in health and social care
The evolution of the average salary affects not only the increase in employee wages and the evolution of taxes on labor, but also the structural changes in the labor market – changes in the number of employees. employees having started and stopped working in the year, changes in the number of employees and burdens in various sectors, as well as national administrative measures aimed at fighting the underground economy, says the CSB. The impact of these factors usually results in changes in the salary fund and full-time staff in the calculation of average wages.
In the third quarter, the gross wage fund grew by 9.6%, or 203.4 million euros, compared to the third quarter of the previous year, while the number of full-time recalculated employees increased 1.5%, or 11.4 thousand euros.
In the third quarter of this year, the fastest growth was in the health and social services sector – 15.9% (faster growth – in the health sector), the health care sector, and the health care sector. 39, accommodation and food services – 11.6% (faster in food services), in the other services sector – by 10.7% (faster in the sectors of washing, dry cleaning, hairdressing, beauty, funerals and other personal services) and the extractive industries sector – by 10.6%.
The highest salary – in the finance and insurance sectors
In the third quarter of 2018, the highest average gross wages were in the finance and insurance sectors, information and communication services, energy, public administration, consumer goods and services. extractive industries and professional, scientific and technical services. In other regions, the average wage before tax was below the national average.
In turn, the lowest average salary was in the areas of accommodation and food, education and other services.
(includes activities of public, political and other organizations, repair of personal and household items, chemical cleaning, hairdressing, beauty, funerals and other services), real estate, arts, entertainment and recreation .
The lowest salary is always in Latgale
In Latvia, the average monthly gross wage in the third quarter of 2018 compared to the third quarter of 2017 increased faster in the Kurzeme region – by 11.0%, in Pieriga – by 9.7% and in the Latgale region – 9.2% In Riga, where the average salary is the highest (1,124 euros), annual growth was the lowest – 7.1%.
Nevertheless, the lowest average gross salary for full-time work is in the Latgale region – 708 euros, or 70% of the average indicator in the country.
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