Lithuania - Real wages increased 5.7% in 2017 - January 31, 2018

Preliminary figures released by the country's statistics office show that real wages grew by 5.7% in 2017 compared with 2016. Average gross monthly wages in the economy increased with 66 euro, or 8.5%, to 840 euro and average net monthly wages increased by 58 euro, or 9.6%, to 660 euro. Gross wages increased in all economic activities, especially in wholesale and retail trade (by around 11.1%) and information and communications (by around 10.3%). Economists said that the gross domestic product (GDP) went up by around 3.5% last year from 2016, mainly driven by growing exports and still agile domestic consumption.

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