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Baltics punch above their weight

2004

Over 423,000 people have joined the funded pension system
Czechs eye mid-2006 for pension reform
In the previous year the monthly gross wages and salaries were 6,723 kroons
Funded pension system receives 21 million EUR in Q1
HEX Tallinn promotes environment-friendly approach
Investments of pension funds in CEE countries

In the previous year the monthly gross wages and salaries were 6,723 kroons

14.06.04 Statistical Office of Estonia

In 2003 the average gross wages and salaries of full-time and part-time employees of enterprises, institutions and organisations were 6,723 kroons per month and 39.53 kroons per hour. Compared to 2002, the average monthly gross wages and salaries were by 9.4% and the average hourly gross wages and salaries were by 10.7% higher.

The monthly and hourly gross wages and salaries were the highest in financial intermediation — 2.2 times higher than the average monthly and 2.0 times higher than the average hourly gross wages and salaries.

The monthly gross wages and salaries were the lowest in hotels and restaurants and the hourly gross wages and salaries were the lowest in agriculture and hunting — 62.2% of both the average monthly and hourly gross wages and salaries.

Compared to 2002, the average monthly and hourly gross wages and salaries increased most in hotels and restaurants — by 17.7% and 27.3%, respectively.

Compared to 2002, the average monthly gross wages and salaries decreased only in fishing — by 4.4%. At the same time, the average hourly gross wages and salaries decreased most in the same activity — by 3.6%.

For further information:
Mare Kusma
Head of the Wages Statistics Section
Statistical Office of Estonia
Tel +372 6259 221