Latvia - Real Wages & Salaries





Latvia: Real Wages & Salaries

Mnemonic YPEWS$.ILVA
Unit Index prv. per.=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.2 %
Data Jun 2017 101.9
May 2017 101.7

Series Information

Source Central Statistical Bureau of Latvia
Release Wages
Frequency Quarterly
Start Date 1/31/2001
End Date 6/30/2017

Latvia: Labor

Reference Last Previous Units Frequency
Labor Force 2018 Q3 984.49 984.73 Ths., SA Quarterly
Unemployment Rate 2018 Q3 7.02 7.79 Ths., SA Quarterly
Agriculture Employment 2017 74,974 77,587 # Annual
Primary Industries Employment 2017 Q2 60 61.4 Ths. #, NSA Quarterly
Real Wages & Salaries Jun 2017 101.9 101.7 Index prv. per.=100, NSA Monthly
Wage & Salaries Jun 2017 941.88 927.78 EUR, NSA Monthly

Release Information
  • Average gross monthly wage and salary: The average gross monthly wage is calculated by dividing the gross or calculated wage fund by the average number of employees in full-time units.
  • Calculated or gross wage and salary: The calculated gross wage and salary fund comprises basic wage and salary (monthly wage, post wage), remuneration for time worked or the amount of work done, regular and irregular additional payments and bonuses, payment for the annual and supplementary vacations, additional payment for vacation, holiday allowances, compensation for the vacation not used, sick pay (medical certificate A), payment for public holidays and other days not worked, social security compulsory contributions paid by the employees and personal income tax as well as labour remuneration subsidies.
  • Net wage and salary: Net wage is the amount calculated by deducting from the gross wage statutory social contributions payable by employees and personal income tax.
  • Real wage and salary index: The real wage and salary index is calculated by dividing average net monthly wage and salary by the consumer price index.
  • Public sector: The public sector represents state and local government institutions and commercial companies of these institutions, as well as commercial companies with state or local government capital participation 50% and over and foundations, associations, funds and commercial companies thereof.
  • Private sector: The private sector includes commercial companies with state capital participation below 50%, commercial companies of all kinds without state capital participation, individual merchants, peasant and fishermen’s farms with 50 and more employees.
  • General government sector: According to the European System of Accounts (ESA95) the general government sector includes central and local government budgetary institutions, the social security fund and enterprises controlled and financed by central and local governments and selected in compliance with ESA95 criteria on the formation of the central government sector.

Source of data:

Quarterly reports on the activities of businesses, institutions, foundations, associations and funds (2-Enterprise Survey, 3-Enteprise Survey) administrative data.

Coverage:

All economically active businesses, budgetary institutions, foundations, associations and funds. Out of the peasant and fishermen’s farms those employing 50 and more persons are included. Religious organisations, rural craftsmen’s businesses, family-owned enterprises, individual work are not included.

Sample size:

Every quarter more then 13 thsd respondents are surveyed (24% of the population). Budgetary institutions, businesses with government or local government participation 50% and more and all businesses of the private sector with 50 employees and more are surveyed completely. Other statistical units are surveyed with the help of simple stratified sample, which is carried out in earlier formed stratum by regions and kinds of economic activity, and afterwards with the help of weights they are extrapolated on whole population. Data on businesses, foundations, associations and funds of private sector employing 1 to 4 persons in 2008 and employing 1 to 6 persons in 2009 were obtained only from administrative data sources using the calculations of the CSB.

Description of data:

Information on job vacancies is compiled on all fields. Data by kinds of economic activity are compiled by the main kind of activity which includes also all the other activities of the respondent, except centralized accountancies of the local governments, which until the end of 2007 submitted data separately on following fields: public administration and defence, compulsory social security; education; health and social care; recreational, cultural and sporting activities. Starting from 2008 centralized accountancies of the local governments submit data separately on following sectors:

  • Electricity, gas, steam and air conditioning supply;
  • Public administration and defence; compulsory social security;
  • Education;
  • Social work activities with accommodation;
  • Social work activities without accommodation;
  • Arts, entertainment and recreation;
  • Libraries, archives, museums and other cultural activities.

Information by regions, cities and districts under state jurisdiction is compiled by the location of the respondent office. Information by cities and districts under state jurisdiction in private sector is not available, because respondents are sampled only at regional level.

Methods of Calculation:

Information was obtained from the statistical surveys every quarter in breakdown by months. Annual data are obtained by summing quarterly information received during the year. Information obtained from respondents is extrapolated using the weights set for the each sample unit.

Information is compiled in breakdown by ownership sectors, main kind of activity and the territory where the enterprise office is located or the main kind of activity is pursued.

Wage and salary indicators are cover employees working time of which is registered and wages and salaries of which are calculated.

The average monthly gross (net) wages or salaries are calculated by dividing the gross (net) wage and salary fund by the average number employees in full-time units.

Average number of employees in full-time units is calculated separately for full-time and part-time employees, for whom wages and salaries were calculated, and result is summed. Out of the full-time employees only those who were not in labour relations for full month are recalculated in full-time units, and it is done by using information on hours paid of such employees indicated in the reports. Part-time employees in full-time units are recalculated as follows: number of hours paid of part-time employees is divided by number of hours paid of full-time employees, and the result is multiplied with the number of full-time employees.

The gross wage and salary fund includes basic wage and salary (monthly wage, post wage), remuneration for the time worked or the amount of work done, regular and irregular additional payments and bonuses, payment for the annual and supplementary vacations, additional payment for vacation, holiday allowances, compensation for the vacation not used, sick pay (medical certificate A), payment for other days not worked, social security compulsory contributions paid by employees and personal income tax, as well as labour remuneration subsidies.

Classification:

-Statistical Classification of Economic Activities in the European Community, Rev. 2 (NACE Rev. 2);

-Classification of Administrative Territories and Territorial Units of the Republic of Latvia.

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Quarterly and annual data are revised every week from the beginning of the year. Annual data are not adjusted.