Data published by the Central Statistical Bureau of Latvia (CSB) on 30 May show that in the first quarter of 2023 the average gross wages and salaries for full-time work amounted to € 1,462. Compared to the first quarter of 2022, the average monthly earnings increased by € 160 or 12.3%. Hourly earnings before taxes went up to € 9.18 or by 5.2%. Compared to the fourth quarter of 2022, in the first quarter of 2023 average gross earnings increased by 1.3% and hourly earnings fell by 1.7%. The average net wages and salaries were comprised € 1,071 or 73.2% of the gross earnings. However, considering the rise in the consumer prices, real net earnings fell by 6.1%, pointing to a decline in the purchasing power of salaried workers for the fourth quarter in a row.
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.