2021.03.02 14:03

Lithuania posts 13 percent wage growth for 2020

BNS2021.03.02 14:03

Lithuania's labor force contracted in 2020, but the average wage grew by around 13 percent, almost as fast as in previous years, according to figures released by the social insurance fund SoDra.

The monthly average gross wage rose 12.7 percent in the fourth quarter of 2020 from a year before to 1,467 euros, and the average net pay rose 13.3 percent to 935 euros, SoDra said on Tuesday.

However, the number of insured people fell by 1.9 percent to 1.227 million.

Kristina Zitikytė from SoDra noted that the pandemic and the lockdown had somewhat slowed, but not stopped the average wage growth in the country.