Wage growth in Lithuania accelerated to 4.6 percent in Q2
Laura Galdikienė, Swedbank Chief Economist
Monday, August 25, 2014
In the second quarter of this year annual nominal growth of gross wages accelerated to 4.6%. Meanwhile, real net wages increased by 4.9%, due to increase in non-taxable income threshold as of January 1st. However, the main factors behind rapid wage growth were general economic growth, declining unemployment and an increasingly pronounced shortage of qualified labour force.