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Swedbank: Average wage increased but less than before the crisis

03.03.2021

SwedbankIn the fourth quarter, in Estonia, average gross wage amounted to 1515 euros, up by 2.9%, over the year. In 2020, the average wage increased by 2.9%, too. That is much less than before the crisis, for example, in 2015-2019, the average gross wage rose by around 7% a year.

In 2021, we expect wage growth to continue, amounting to a modest 3.5%. Due to a surge in coronavirus cases, the government has recently introduced new restrictions, and is also planning a wage-support mechanism in the sectors that have been closed.

Economic situation varies a lot across sectors like in other countries. In the fourth quarter, wage growth amounted to almost 10% in IT, agriculture, and mining, while the average wage declined in trade, tourism, entertainment.

 

Seonduvad uudised

  • 08.04.2020 Swedbank: Weaker economic activity lowers inflation
    • Annual inflation reached 0.9% in March in Estonia. • In 2020, we expect inflation to amount to 0.8%, or even 0.4%, if we include lower excise taxes proposed by the government. Compared to February, consumer prices declined by 0.7%.         
  • 07.07.2022 Swedbank: Rapid inflation weighs on consumption in Estonia
    In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, a         
  • 16.08.2022 Swedbank: Labour market still strong in the second quarter
    In the second quarter, the situation in the labor market was still good in Estonia. Employment was high and unemployment low. According to Statistics Estonia, in the second quarter, the unemployment rate was 5.8% and the number of the employed         
  • 25.08.2022 Swedbank: Prices grew two times faster than wages
    Although average wage growth accelerated to 10.1% in the second quarter, it comforts consumers little when inflation was 20.2%. The average wage rose rapidly in all economic sectors. Wages grew the most in accommodation and catering (+18.6%, over the         

Meist

Tõnu Toompark on kinnisvaraanalüütik, -konsultant ja koolitaja, kelle tegevusvaldkonnad on valdavalt: * elamispindade turg, turutrendid, tehingud, hinnad ning turuülevaated; * uute korterite arendamise mahud, müük, hinnad ja analüüsid; * üürituru pakkumine, tehingud ja hinnad ning üüriinvesteeringud, tasuvusarvutused; * elamispindade kättesaadavus numbrilisena; * koolitused eeltoodud valdkondades. Koolituste valdkonnaga on Tõnu Toompark seotud üle 25 aasta. Ta on avaldanud sadu ja sadu kinnisvarateemalisi analüüse, artikleid ja kommentaare. Tõnu Toompark on läbi viinud koolitusi nii kesk-, kutse-, kõrg-, kui ülikoolides, lisaks mitmetes koolitusettevõtetes. Näiteks Kinnisvarakool, Tallinna Tehnikaülikool, Eesti Ettevõtluskõrgkool Mainor, Estonian Business School, Tartu Ülikool, Tallinna Majanduskool.

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