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Labour costs up by 84 santims per hour
07
Jan '08
In the 3rd quarter of 2007 the average hourly labour costs in the country were 3.41 lats per hour, or an increase of 6.5% compared to the 2nd quarter, according to data of Central Statistical Bureau. In the public sector hourly labour costs in the 3rd quarter of this year have increased by 11.1%, but in the private sector – by 5.2%, compared to the 2nd quarter.

Compared to the 3rd quarter of the previous year hourly labour costs have increased by 32.9% or by 84 santims per hour. In the public sector2) hourly labour costs in the 3rd quarter of this year were 4.45 lats and within a year they have increased by 36.4% or by 1.19 lats per hour, in the private sector- 3.00 lats and 32.4% increase or 73 santims per hour.

The main components of labour costs are gross wages and salaries and other labour costs3). Gross wages and salaries per hour in the 3rd quarter of this year were 2.72 lats and, compared to 3rdquarter of 2006, they have increased by 32.8% or 67 santims per hour. Other labour costs were 0.69 lats per hour and in this period they have increased by 32.9% or by 17 santims per hour.

In the 3rd quarter of 2007 gross wages and salaries per hour in the public sector were 3.52 lats (increase over 3rd quarter of previous year – 36.2% or 94 santims per hour), but in private sector – 2.40 lats (increase over 3rd quarter of previous year – 32.6% or 59 santims per hour). In the 3rd quarter of this year other labour costs in the public sector were 0.93 lats and, in comparison with 3rd quarter of 2006, they have increased by 37.2% or 25 santims per hour, but in private sector – 0.60 lats, comprising an increase of 31.8% or 14 santims per hour.

In the 3rd quarter of 2007, the highest hourly labour costs were in financial intermediation – 6.73 lats, in electricity, gas and water supply – 5.60 lats, in public administration and defence; compulsory social security - 5.48 lats. Compared to the 3rd quarter of previous year, the highest increase was in fishery and related service activities – by 58.2% or by 81 santims per hour, in public, social and personal activities – by 45% or by 95 santims per hour, in agriculture, hunting and forestry – by 41.9% or by 84 santims per hour.

Central Statistical Bureau of Latvia


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