Latvia - Substantial wage growth predicted - December 31, 2017

On the brink of the New Year, a bank analyst says average gross wages in the country may grow by 9% in 2018. There is also a possibility of a two-digit increase. The most rapid increase will be observed in industries with highest activity and labour market frictions – like the construction sector. Another expert predicts wage growth will be 7.6% in 2017, 8.2% in 2018 and 7.2% in 2019. In the third quarter of 2017, the average wage reached 925 euro, which is 7.5% more than a year ago. The country plans to increase the minimum wage from 380 to 430 euro, with a non-taxable minimum at 200 euro.  

Read on: in English …   

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