Monthly Salaries Jump 8.5%

Photo: Postimees/Scanpix
8/30/2013 11:06 AM
Category: Economy

The average monthly gross salary reached 976 euros in the second quarter, a growth of 8.5 percent compared with the same quarter of last year, figures released today by Statistics Estonia show.

Hourly wages, meanwhile, came it at 5.71 euros, an 8.1 percent annual gain.

Real wages, which take into account changes in the consumer price index, were up 4.9 percent over the year, marking their eight consecutive quarter of year-on-year growth.

The statistics also revealed large geographical variations in average monthly salary levels, which ranged from 1,116 euros in Tallinn to 745 euros in Viljandi County.

The largest growth in monthly salaries came in the mining and quarrying field, where they scooped up 20 percent gains. For hourly pay, jobs related to agriculture, forestry and fishing activities took the blue ribbon, harvesting a 19.8 percent growth.

The first quarter of 2013 saw the monthly salary figure backslide - as it does every year at that time - falling from 916 euros to 900 euros.

While that first quarter result may seem shabby when compared with western-EU salary levels, it was still far better than those of Baltic neighbors Latvia and Lithuania, where gross salaries were 693 and 647 euros per month, respectively, according to salaryinfo.eu.

The median wage in Estonia, calculated using a different method, was 705 euros in the second quarter. It, too, represented a 7.6 percent rise from last year. 


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