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Research: The Baltic States have seen the fastest rise in average wages in recent years

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I am Joel Fitzgerald, a news website author for The News Dept. I have worked in the media and journalism industry for over 10 years and specialize in world news. My articles have been featured in prominent publications such as The New York Times and The Washington Post, where I am an expert contributor on global affairs. I also write extensively on topics related to politics, economics, business, finance and technology. My work has been recognized with numerous awards from organizations such as the United Nations Press Corps and Associated Press Editors Association of America (APEA). In addition to my writing career, I have held various roles within the field of communications ranging from public relations specialist to digital strategist.
The renewed information center “Money world” of the Bank of Latvia. Photograph: Eddie Palen/LETA

According to the results of the research of the international financial technology company “Tipalti”, the average salary increase in the Baltic States has been the fastest among the member states of the Organization for Economic Cooperation and Development (OECD) in the last ten years. ).

The data collected shows that from 2011 to 2021, the average salary in Latvia increased by 104% to reach US$18,100 (17,200 euros) per year.

It was the fastest increase in OECD countries, ahead of Lithuania, where the average salary reached $21,400 last year, 95.5% more than a decade ago.

Estonia, on the other hand, ranked third, increasing its average salary by 88.5% over ten years, reaching US$20,400 per year.

The average salary in Poland rose 55.8% to $13,300 a year.

The slowest increase in the average salary was in Spain, where the increase was 3.8% in ten years, reaching $27,000 per year.

On the other hand, the average salary in Greece was US$15,900 last year, 19.9% ​​less than a decade ago.

US-based financial technology company “Tipalti” collected data on 34 OECD countries.

Source: Tv Net

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