Compared to Q3 2022, the average monthly earnings increased by EUR 164 or 11.8 %. Hourly earnings before taxes went up to EUR 10.45 or by 14.9 %.
Compared to Q2 2023, in Q3 2023 the gross average earnings increased by 1.5 % and hourly earnings reduced slightly – by 0.3 %.
The net average wages and salaries (calculated based on the labour taxes applicable to employers) constituted EUR 1 126 or 72.7 % of the gross earnings and over the year grew by 11.0 % thus overtaking the climb in the consumer prices. The real increase in the net earnings, considering the price rise, was 5.7 %.
In Q3 2023 gross median wages and salaries for full-time work amounted to EUR 1 250. Compared to Q3 2022 (EUR 1 107), gross median earnings increased by EUR 144 or 13.0 %. In Q3 2023, net median earnings (after taxes) were EUR 932 and over the year have risen by 12.4 %.
In public sector annual rise in the average earnings was sharper than in private – 13.7 % and 11.1 %, respectively.
In Q3 2023, the average monthly earnings before taxes in public sector were EUR 1 564 while in private EUR 18 lower (EUR 1 546). The average earnings in general government sector, which includes central and local government institutions as well as enterprises controlled and financed by the central and local government, went up to EUR 1 517 or by 13.1 %.
Compared to Q2 2023, the average earnings in public sector increased by 1.0 %, of which by 1.7 % in general government sector and slightly more – by 1.8 % – in private sector.
In Q3 2023 the gross average monthly earnings from full-time work above the national average were recorded in financial and insurance activities (EUR 2 627), information and communication (EUR 2 512), professional, scientific and technical activities (EUR 2 026), energy sector (EUR 1 965), public administration (EUR 1 855), mining and quarrying (EUR 1 753), human health and social work activities (EUR 1 680), as well as agriculture, forestry and fishing (EUR 1 562).
In Q3 2023 gross hourly earnings amounted to EUR 10.45, and over the year they have grown by 14.9 % (EUR 9.09 in Q3 2022).
Over the year hourly labour costs (which include wages and salaries as well as other labour-related expenses of the employer) rose from EUR 11.42 to EUR 13.07 or by 14.5 %, which was due to the increase in the total labour costs by 12.1 % and a drop in the hours worked by 2.1 %. It should be noted that in Q3 2023 there were two working days fewer than in Q3 2022.
