The average wage in Lithuania grew almost 12 percent at the end of 2023, driven by a higher minimum wage, rising wages of civil servants, and companies’ desire to retain employees, according to the social insurance fund Sodra.
“This was caused by the 15 percent increase in the minimum monthly wage, as well as the increase in the basic pay rate for civil servants by almost 3 percent, and other market reasons when we saw that companies do not want to lose employees,” Kristina Žitikytė, an advisor from the Statistics, Analysis and Forecasting Department at Sodra, told a press conference on Thursday.
Lithuanians earned an average pre-tax salary of 2,060 euros in October and December, 11.7 percent more than a year earlier. Their average after-tax salary rose by 10.6 percent, or 122 euros, to 1,275 euros.
Income growth in high-value-added jobs was slower than the national average. Average wages increased by 7.9 percent to 3,143 euros before tax at information and communication companies and by 9 percent to 2,932 euros at finance and insurance companies.
In late 2023, the number of insured persons increased by 12,500, while 26,200 more people were hired than fired.
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