Wage growth remained relatively rapid and broad-based in the fourth quarter. Statistics Estonia’s wage data showed a slowdown in the annual growth rate of the full-time-equivalent average gross wage (+6.4%, over the year) in Q4 2019, mostly due to a high base effect of Q4 2018. Tax Authority’s data on the median wage showed a continuously rapid wage growth of +9.0%, over the year. The average inflation-adjusted net wage increased by 3.5%, over the year.
Wage growth in the public sector (education, health care, public administration) exceeded wage growth in the private sector. Private sector, exposed to global competition, has found it harder lifting its labour costs as rapidly. Among different sectors, the average wage was still the highest in the ICT and finance, which also saw solid growth rates in 2019.
As export demand and Estonia’s economy are expected to grow at a slower pace this year, demand for labour should ease, at least in the exporting industry. So, wage growth should moderate, from very high levels (from 7.4% in 2019 to 6.5% in 2020 and 5.5% in 2021). Wage growth in the public sector should also soften, according to the 2020’s budget.
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.
