Latvia - Wages in 2016 - February 28, 2017

According to data of the Central Statistical Bureau (CSB), the rate of wage increase in 2016 (5.0%) was the slowest in the last three years. At the end of the year, in the fourth quarter, the gross wage grew 5.9%, year-on-year to a level of an average monthly wage of 859 euro. Slowdown in the rise in remuneration in 2016 was expected, for economic growth slowed down. For 2017, wage growth could remain similar. However, a faster growth in wages has been approved in the budget in some areas of the public sector. The highest wages are paid in the finance sector, the lowest in hospitality services.

English: http://www.csb.gov.lv/en/notikumi/wage-and-salary-increase-slowed-down ...        

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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