LABOUR MARKET, WAGES AND

SALARIES IN BALTIC STATES

Compiler: Kadri Seeder, Salary Information Agency

Sources: Eurostat, Statistical offices of states

40

45

50

55

60

65

70

75

80

85

20

02Q

1

20

02Q

2

20

02Q

3

20

02Q

4

20

03Q

1

20

03Q

2

20

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3

20

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4

20

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20

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3

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20

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1

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2

20

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3

20

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4

20

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1

20

09Q

2

20

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3

20

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4

20

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1

20

10Q

2

20

10Q

3

20

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4

20

11Q

1

20

11Q

2

20

11Q

3

20

11Q

4

20

12Q

1

20

12Q

2

20

12Q

3

20

12Q

4

20

13Q

1

20

13Q

2

20

13Q

3

20

13Q

4

20

14Q

1

20

14Q

2

%

Employment rate of 20-64 years old, %

Estonia Latvia Lithuania Poland Finland Sweden Norway Denmark

Source: Eurostat

0

5

10

15

20

25

30

20

02Q

1

20

02Q

2

20

02Q

3

20

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4

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20

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2

20

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3

20

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4

20

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1

20

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2

20

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3

20

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4

20

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1

20

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2

20

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3

20

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4

20

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1

20

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2

20

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3

20

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4

20

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1

20

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2

20

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3

20

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4

20

08Q

1

20

08Q

2

20

08Q

3

20

08Q

4

20

09Q

1

20

09Q

2

20

09Q

3

20

09Q

4

20

10Q

1

20

10Q

2

20

10Q

3

20

10Q

4

20

11Q

1

20

11Q

2

20

11Q

3

20

11Q

4

20

12Q

1

20

12Q

2

20

12Q

3

20

12Q

4

20

13Q

1

20

13Q

2

20

13Q

3

20

13Q

4

20

14Q

1

20

14Q

2

%

Share of part-time employment of 20-64 years old, %

Estonia Latvia Lithuania Poland Finland Sweden Norway Denmark

Source: Eurostat

0

5

10

15

20

25

20

02Q

1

20

02Q

2

20

02Q

3

20

02Q

4

20

03Q

1

20

03Q

2

20

03Q

3

20

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4

20

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1

20

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2

20

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3

20

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4

20

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1

20

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2

20

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3

20

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4

20

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20

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2

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4

20

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20

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2

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3

20

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4

20

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1

20

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2

20

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3

20

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4

20

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1

20

09Q

2

20

09Q

3

20

09Q

4

20

10Q

1

20

10Q

2

20

10Q

3

20

10Q

4

20

11Q

1

20

11Q

2

20

11Q

3

20

11Q

4

20

12Q

1

20

12Q

2

20

12Q

3

20

12Q

4

20

13Q

1

20

13Q

2

20

13Q

3

20

13Q

4

20

14Q

1

20

14Q

2

20

14Q

3

%

Unemployment rate (total 15-74 years old), %

Estonia Latvia Lithuania Poland Finland Sweden Norway Denmark

Source: Eurostat

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Annual net earnings single person without children, 2012

Source: Eurostat

-3.9

-0.4

0 0.10.4 0.4

0.9 0.91.1 1.2 1.3

2.4 2.4 2.4

3.1

3.6 3.63.8

4.2 4.24.4 4.5

5 5.1

5.9 6

7.3

-6

-4

-2

0

2

4

6

8

10

CY IE IT NL HR UK BE FR DE EU(28)

ES CZ SE SI PT AT BG MT FI PL HU LU RO LT LV SK EE

Change of nominal hourly labour costs, % (1st and 2nd Q 2013/2014)

compared with same quarter of previous year, working day adjusted, whole economy

1stQ13/1stQ14 2ndQ13/2ndQ14

Source: Eurostat

516

601

725

825

784 792

839

887

949

381

430

566

682656

633660

684716

370

433

522

623595

576593

615646

0

100

200

300

400

500

600

700

800

900

1000

2005 2006 2007 2008 2009 2010 2011 2012 2013

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

757

250

307

407

498487

450470

488

516

265

317

392

478464

449462

478501

0

100

200

300

400

500

600

700

800

2005 2006 2007 2008 2009 2010 2011 2012 2013

Years

Average monthly net wages, EUR

Estonia Latvia Lithuania

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

6037

4180

3345

2634

2471

2351

2971

2991

2277

3284

5580

3873

3122

2521

2352

2375

2864

2840

2137

2928

0 1000 2000 3000 4000 5000 6000 7000

Managers

Professionals

Technicians and associate professionals

Clerical support workers

Service and sales workers

Skilled agricultural, forestry and fishery workers

Craft and related workers

Plant and machine operators, and assemblers

Elementary occupations

All groups

Average and median monthly gross wages in Finland, 2013

Average Median

Source: Statistics Finland

9094

6020

4590

3317

3171

2930

3870

4028

3038

4862

3381

2636

2376

2069

1902

1677

2183

2163

1693

2081

0 1000 2000 3000 4000 5000 6000 7000 8000 9000 10000

Managers

Professionals

Technicians and associate professionals

Clerical support workers

Service and sales workers

Skilled agricultural, forestry and fishery workers

Craft and related workers

Plant and machine operators, and assemblers

Elementary occupations

All groups

Variation in the earnings in Finland, 2013

9th decile 1st decile

Source: Statistics Finland

0%

1%

2%

3%

4%

5%

6%

7%

8%

0

500

1000

1500

2000

2500

3000

3500

Average earnings in Finland

Average earnings Change of average earnings

660

738

697

784 789

850

800838

776813

752784

758

823

759

814792

857

809

865847

900

855

916900

976

930

986966

1,023

977

504

549575

635 645679 693

711

669 674649

626 615632 637 647 640

659 664 676 663684 687

703 689716 722 737 740

763 775

503529

565594

623648

672 672635 629 620 614

588 595 603 614 600 610 613 630 619 624 629 646 647 653 668 678 671 682 697

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

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

456470 473 481 474

488 491 501 496514 521 530

543558 566

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

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

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

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

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

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

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

-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

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

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

4.4% 5.4% 6.4% 6.2% 9.0% 7.8% 7.8%

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

0 200 400 600 800 1000 1200 1400 1600 1800

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, 3rd quarter of 2014, EUR

Estonia

Latvia

Lithuania

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

-6% -4% -2% 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 vehicles and…

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 social…

Education

Human health and social work activities

Arts, entertainment and recreation

Other service activities

Change of average monthly gross wage by economic activity, The same quarter of previous year = 100

Estonia Latvia Lithuania

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

172

192

230

278 278 278 278290

320

355

390

115

129

172

230

254 254

282 286 287

320

145

159

174

232 232 232 232 232

290300

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 wage Lithuania - minimum wage

Estonia - ratio Latvia - ratio Lithuania - ratio

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

*Forecast