Average labour income in Lithuania grew 10.3 percent year-on-year in the second quarter to 2,184 euros before taxes, the country’s social insurance fund Sodra has reported.
Average after-tax income increased 9.4 percent to 1,346 euros, Kristina Zitikytė, an adviser at Sodra’s Statistics, Analysis and Forecasting Department, told a press conference on Thursday.
“Income has been rising, and the growth rate has remained strong, but the number of employees has been going down in certain sectors,” she said.
The data shows that income growth outpaced inflation in the second quarter, with after-tax labour income rising by almost 10 percent, compared to annual inflation of 0.7 percent in June.
“Annual inflation was below one percent. We estimate that real income growth […] could reach around 6 percent this year,” Zitikytė said.
According to her, the 10 percent increase in the minimum monthly wage at the beginning of the year meant that about 138,000 minimum wage earners felt the biggest increase in their income.
Seven out of 10 people saw an increase in their labour income year-on-year, two earned the same amount, and one may have experienced a drop in their income, she added. The fastest growth rate was observed in the public, administrative and service, and information and communication sectors.
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