The average gross salary (salary before taxes) for full-time work in Latvia in the second quarter of 2018 compared to the same period last year increased by 8.4% or 70 euros to 1004 euros, according to the Central Statistical Bureau (CSO).
In the private sector, the average salary in the second quarter in the annual terms increased by 8.4% to 991 euros, and in the public sector – by 8.5% to 1035 euros. In the general government sector, which includes state and local government institutions, as well as companies controlled by the state and local governments, the average gross salary increased by 9.2% to 984 euros.
The average net salary (after taxes) in the second quarter of 2018 was 743 euros with an increase of 4.4%, compared to the first quarter and of 10% compared with the second quarter of 2017.
Real growth in the average wage adjusted for inflation was 7.4%.