The average wage growth in Baltic States in the past ten years has been the most rapid among members states of the Organisation of Economic Cooperation and Development (OECD), according to results of the study by international financial technologies company Tipalti.
Data indicates that between 2011 and 2021 the average wage in Latvia has increased by 104%, reaching $18,100 (EUR 17,200) a year.
This was the most rapid increase of average wages in OECD member states ahead of the wage growth in Lithuania.
Average wage in this country reached $21,400 in this country last year, 95.5% larger when compared with the previous decade. Estonia is third with an 88.5% increase of average wage amount in the last decade. The average wage in this country reached $20,400. The average annual wage in Poland has increased by 55.8%, to $13,300.
The slowest average wage increase was observed in Spain, where wages increased by 3.8% in the past ten years, reaching $27,000. In Greece the average wage amount was $15,900 last year, down by 19.9%. (BNN/Business World Magazine)
