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For work, people receive pay, or wages and salaries, which is agreed compensation for fulfilling work tasks. In addition to the sum that the employer pays to the employee, the employer pays labour taxes on that sum, which together with the wages constitute labour costs. Wages are an important source of income, and their main purpose is to cover expenses on dwelling, food, transportation and other basic needs. This is why the law regulates the minimum an employee could be paid for full-time work. The minimum wage is set to protect the well-being of employees. The statistics on wages and
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In the second quarter, the average wages and salaries were 1,873 euros, median wages 1,524 euros
Date 25.08.2023
Article
According to Statistics Estonia, the average monthly gross wages and salaries in the second quarter of 2023 were 1,873 euros, which is 12.4% higher than in the same quarter last year. The median wages were 1,524 euros in the second quarter this year.
Article
“In the third quarter, the total number of vacant and occupied posts was a little under 604,000. The majority of the posts were in manufacturing, trade, and education,” said Sigrid Saagpakk, analyst at Statistics Estonia. Vacant posts accounted for 1.6% of the total number of posts. The number of job vacancies was the highest in education (1,674), trade (1,322), and public administration and defence (1,278). The number of people leaving their job was the greatest in wholesale and retail trade. The number of people hired was the highest in education. The number of people leaving their job at
The economy contracted by 2.4% due to rising prices
Date 30.11.2022
Article
According to Statistics Estonia, in the third quarter of 2022, the gross domestic product (GDP) fell by 2.4% year on year. The GDP at current prices was 9.3 billion euros.