Breaking Down Wage Trends in Estonia 🇪🇪
Quarterly earned salary in Estonia during Q4 2023 amounts to €1,904 on average.
Hop aboard as we dive into the hot topic of wage growth in Estonia! 💰
Let's kick things off with some juicy stats from Statistics Estonia, revealing that the national average gross monthly wage in Q4 of 2023 clocked in at a whopping €1,904, marking a 9.7% rise compared to the previous year.
But wait, there's more! The annual average for 2023 sat at €1,832, representing a solid 11.3% increase compared to 2022. And just in case you're keeping score, the median monthly gross wages and salaries in Q4 of 2023 were €1,578, while the annual median came up to €1,501.
Liina Kuusik, an analyst at Statistics Estonia, spilled the beans on who's cashing in on the largest slices of the wage pie. Turns out it's folks in the information and communication, finance and insurance activities, and energy supply sectors. On the opposite end of the spectrum, those in accommodation and food service activities and real estate activities faced the smallest paychecks.
Fun fact: The sectors with the highest wage growth were education and human health and social work activities, clocking in 18.6% and 15.4% growth, respectively.
Now, here's where things get interesting. The highest average monthly gross wages and salaries were found in Harju County (including Tallinn) and Tartu County, with averages of €2,121 and €1,941, respectively. On the flip side, Valga and Saare counties recorded the lowest averages at €1,408 and €1,449, respectively.
The counties that saw the biggest wage growth were Ida-Viru and Valga, with increases of 13% and 11.5%, respectively.
Median wages, aka the magic mid-point where half of employees earn more and half earn less, were €1,578 in Q4 of 2023. The sectors boasting the highest median wages were information and communication and finance and insurance activities, while real estate activities and other service activities stumbled a bit.
Now, if you're wondering why we didn't delve into county-specific wage growth rates and trends for 2023, unfortunately, the search results didn't provide that information. To get a crystal-clear view into wage trends by county, you'll need to consult detailed regional statistics, local government reports, or Estonian Regional Statistical Reports, which wouldP deliver the goods on county-level data.
Raring to learn more about wage trends in Estonia or specific counties? Dive headfirst into Statistics Estonia, local government reports, and Estonian Regional Statistical Reports for a deep dive into the world of wages in the Land of the Northern Lights! 🌐💼🇪🇪
- In Estonia, the tallinn County, including the capital city, was among the higher wage earners in 2023, with an average monthly gross wage of €2,121.
- finance and insurance activities, as well as the information and communication sector, were among the highest-paying industries in Estonia in 2023.
- The analyst Liina Kuusik from Statistics Estonia reported that the accommodation and food service activities and real estate activities sectors had the smallest paychecks in Estonia in 2023.
- Despite the rise in salaries, the annual average gross monthly wage in Estonia in 2023 was only €1,832, according to Statistics Estonia.
- To gain more insights into wage trends by county in Estonia, it is recommended to consult detailed regional statistics, local government reports, or Estonian Regional Statistical Reports.
