Compared to 2021, the average monthly earnings grew by EUR 95 or 7.5 %, and hourly earnings before taxes by 6.6 % (from EUR 8.54 to 9.10).
The average net wages and salaries (calculated based on the labour taxes applicable to employers) comprised EUR 1 006 or 73.3 % of the gross earnings and rose by 7.1 % over the year. However, considering rise in the consumer prices, net earnings fell by 8.7 %, pointing to a sharp decline in the purchasing power of salaried workers.
In 2022 median gross wages and salaries for full-time work amounted to EUR 1 081. The indicator has risen by 8.8 %, compared to 2021. Net median wages (after taxes) amounted to EUR 806 and have grown by 8.9 % over the year.
In 2022 the average monthly gross wages and salaries in private sector were two euros higher than in public sector (EUR 1 375 and EUR 1 373, respectively) and show higher annual growth rate than in public sector (8.0 % and 6.2 %, respectively). 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 1 339 or by 5.6 %.
In 2022, just like the year before, the average gross monthly wages and salaries for full-time work above the national average were recorded in financial and insurance activities, information and communication, professional, scientific and technical activities, energy sector, human health and social work activities, public administration and defence, as well as mining and quarrying.
The lowest average gross earnings were observed in accommodation and food service activities (EUR 889).
In 2022 the highest average gross earnings for full-time work were observed in Riga (EUR 1 535) while the lowest in Latgale (EUR 961, which is 37 % fewer than in the capital).
The highest rise in the average earnings before taxes was recorded in Pierīga (of 9.1 %) while the lowest in Zemgale (6.0 %).
In the Q4 2022 the average monthly gross wages and salaries in the country amounted to EUR 1 443 and over the year they have grown by 8.0 %.
Compared to Q4 2021, in Q4 2022 the highest rise in the average earnings was recorded in private sector – of 9.3 %, followed by private sector with 4.9 % and general government sector with 4.1 %.
Compared to Q3 2022, gross earnings in the country grew by 4.2 %. Sharper increase was observed in public sector – 5.5 %. Upturn in private sector constituted 3.6 % and in general government 5.9 %.
In Q4 2022 net wages and salaries amounted to EUR 1 055. Compared to Q4 2021 they have risen by 7.9 % and compared to Q3 2022 by 4.0 %.
In 2022 gross hourly earnings amounted to EUR 9.10, and over the year they have grown by 6.6 % (EUR 8.54 in 2021).
Over the year hourly labour costs (which include wages and salaries as well as other labour-related expenses of the employer) rose from EUR 10.70 to EUR 11.46 or by 7.1 %, which was due to the increase in the total labour costs and hours worked – of 11.7 % and 4.4 %, respectively.