People’s incomes continued to rise in Lithuania during the third quarter of this year, with the growth outpacing inflation, according to the latest figures from the social insurance fund Sodra.
Kristina Zitikytė, an adviser with Sodra’s Statistics, Analysis and Forecast Unit, notes that labour income after tax rose by 10.7 percent in July-September year-on-year, compared to the annual inflation rate of 3.7 percent.
The growth was mostly due to a 15.1-percent rise in the minimum wage (from 730 euros in 2022 to 840 euros in 2023) and salary increases for civil servants, officers, and employees of government institutions.
Full-time employees saw their average income rise by 209 euros, or 11.7 percent, before tax to 1,989 euros in the third quarter (1,235 euros, up by 119, after tax).
Newsletter
Every Friday morning.
