Wages shot up 6.8% last year

In 2015 the average monthly wage in Latvia grew 6.8%, reaching €818 before taxes (€603 after taxes), according to Central Statistical Bureau (CSB) data released Friday.

Due to tax cuts and a hike of the minimum wage, the average wage after taxes grew faster at 7.6%. 

The average monthly wage before taxes in the public sector grew 5.2%, reaching €855 and posted a 6.2% growth in the general government sector where the new average is €797.

Wages in the private sector shot up by 7.9%, reaching €799.

Click here to read the full report that includes wage broken down by sector. 

Image source: CSB.

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Economy
Economy