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Working Life Barometer in the Baltic Countries 2002 (pdf) - mol.fi

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LITHUANIA<br />

110<br />

The rise <strong>in</strong> consumer prices <strong>in</strong> Lithuania has been <strong>the</strong> smallest <strong>in</strong> <strong>the</strong> <strong>Baltic</strong><br />

countries. On <strong>the</strong> o<strong>the</strong>r hand, also <strong>the</strong> average salary level has <strong>in</strong>creased ra<strong>the</strong>r<br />

slowly, especially <strong>in</strong> comparison with Latvia. Unlike Estonia, Lithuania has<br />

experienced only a small rise <strong>in</strong> consumer prices and <strong>the</strong>refore also <strong>the</strong> small<br />

nom<strong>in</strong>al salary <strong>in</strong>creases have somewhat improved <strong>the</strong> Lithuanian wage-earners'<br />

purchas<strong>in</strong>g power. Between 1998 and <strong>2002</strong>, net salaries have risen 5 per<br />

cent on average <strong>in</strong> Lithuania, if changes <strong>in</strong> consumer price dur<strong>in</strong>g that same<br />

time are taken <strong>in</strong>to account.<br />

NET SALARY PER MONTH IN LITHUANIA 1998 AND <strong>2002</strong><br />

Deflated to 1998 price level us<strong>in</strong>g consumer price <strong>in</strong>dex (lit/month)<br />

1998 <strong>2002</strong> Change (litas) Change (%)<br />

Median 555 lit 582 lit +27 +4.9%<br />

Mean 662 lit 696 lit +34 +5.1 %<br />

1400,0<br />

1200,0<br />

1000,0<br />

NET WAGES AND SALARIES BY DECILES 1998 AND <strong>2002</strong><br />

IN LITHUANIA<br />

800,0<br />

600,0<br />

400,0<br />

200,0<br />

0,0<br />

At constant (1998) prices, <strong>in</strong>flation controlled by consumer price <strong>in</strong>dex<br />

Litas/month<br />

1998<br />

<strong>2002</strong><br />

10% 20% 30% 40% 50% 60% 70% 80% 90%<br />

1998 326,0 400,0 430,0 500,0 555,0 647,0 756,0 858,0 1024,0<br />

<strong>2002</strong> 339,0 388,0 466,0 524,0 582,0 679,0 776,0 883,0 1184,0<br />

Change (%) 4,0 -3,0 8,4 4,8 4,9 4,9 2,6 2,9 15,6<br />

Expressed <strong>in</strong> litas, <strong>the</strong> <strong>in</strong>creases rema<strong>in</strong> relatively small, and <strong>the</strong>refore <strong>the</strong> liv<strong>in</strong>g<br />

standard of <strong>the</strong> Lithuanian wage-earners can be estimated to have stayed

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