Analytics, Financial Services, Lithuania, Markets and Companies, Wages

Average net monthly earnings in the whole economy amounted to LTL 1730.4, in the public sector – LTL 1842.9, in the private sector – LTL 1663.4. 

Against III quarter 2012, average gross monthly earnings in the whole economy increased by 2.8, in the public sector – 3.4, in the private sector – 2.3%. 

Average net monthly earnings in the whole economy grew by 2.6, in the public sector – 3.2, in the private sector – 2.2%.

The average monthly wage in the national economy in 2011 and 2012, by quarters

In IV quarter 2012, against the previous quarter, real earnings increased: in the whole economy – by 2.4, in the public sector – 3.0, in the private sector – 2.0%. 

In IV quarter 2012, an increase in earnings was determined by larger irregular premiums, bonuses and allowances. 

Over the year, gross earnings grew by 2.6%

In IV quarter 2012, against IV quarter 2011, average gross monthly earnings increased: in the whole economy and public sector – by 2.6% each, in the private sector – by 2.9%. 

Over the year, average net monthly earnings also increased: in the whole economy – by 2.5, in the public sector – 2.4, in the private sector – 2.8%. 

Even though net earnings increased, real earnings dropped nevertheless: in the whole economy – by 0.4, in the public sector – 0.5, in the private sector – 0.1%. A decrease in real earnings was determined by the growth in prices for consumer goods and services, which was faster than the increase in net earnings. 

In IV quarter, average gross monthly earnings increased in all economic activities

In IV quarter 2012, against the third quarter, average gross monthly earnings grew in all economic activities, especially in enterprises engaging in mining and quarrying (by 12.6%), transportation and storage (6.1%), administrative and support service activities (4.4%), other service activities (4.1%). 

Over the year, average gross monthly earnings in the whole economy grew in all economic activities, except for real estate activities, where it decreased by 0.7%. 

In IV quarter, the number of employees decreased, yet over the year it increased by 20.5 thous. Over the quarter (in IV quarter 2012, against III quarter 2012) the average number of employees in the whole economy decreased by 0.6% (6.9 thous.), in the private sector – 1.2% (8.5 thous.), while in the public sector it increased by 0.4% (1.6 thous.). The most noticeable decrease in the number of employees in the whole economy was observed in mining and quarrying, accommodation and food service activities and in agriculture, forestry and fishing (by 13.8, 6.7 and 5.6% respectively). 

Over the year, the average number of employees increased in the whole economy and in the private sector (by 1.9% (20.5 thous.) and 3.8% (26.2 thous.) respectively), while in the public sector it decreased by 1.4% (5.7 thous.). 

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1} Public sector covers budgetary institutions and organizations (educational, health care, social work, cultural, public administration, etc.), as well as public institutions, enterprises where state and municipal property makes up 50% or more of authorised capital.

Table 1. Average monthly earnings (1) by sector and sex of employees, IV quarter 2012, LTL

Table 2. Indices of average monthly earnings (1) by sector and sex of employees, IV quarter 2012

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1} Less individual enterprises. 

Concepts

Gross earnings – remuneration in cash covering the basic wage and bonuses, payable by the employer to the employee directly, including social insurance contributions and individual income tax payable by the employee. Material and temporary unemployment benefits paid irrespective of the source of finance, compensation for unused annual leave, severance pays and similar benefits are excluded. 

Net earnings – remuneration in cash covering the basic wage and bonuses, payable by the employer to the employee directly, excluding social insurance contributions and individual income tax payable by the employee. 

Index of real earnings – a relative indicator reflecting the change in net earnings after the influence of the change in prices for consumer goods and services has been eliminated.