Quarterly Earnings in Estonia Reach €1,553 Median Level in Q1 2024
Frickin' Sweet Wage Stats! 😎
Wanna know how much people were making in Q1 2024? Hit 'em up with those big bucks! The average monthly gross wages and salaries clocked in at a whopping €1,894, a stellar 8.8% increase from the same quarter the previous year. median wages were €1,553 in Q1 2024, and €1,424 in the same quarter in '23. Not too shabby, huh? 💸
Liina Kuusik, a guru in data at Statistics Estonia, spilled the beans on which sectors were raking in the dough. In Q1 2024, the highest wages and salaries were seen in information and communication (€3,393), financial and insurance activities (€3,114), and public administration and defence and compulsory social security (€2,517).
Now, let's talk about which sectors saw the biggest wage gains: health and social work with an impressive 16.7% increase, and agriculture, forestry and fishing with a solid 13.7%. On the flip side, the lowest wages were doled out in hotels and restaurants, other services, and real estate.
Wondering which cities had the highest wages in Q1? Tallinn takes the cake with €2,247, followed by Harju County (including Tallinn) at €2,139, and Tartu County at €1,888. The laughable lows were in Valga (€1,376) and Saare (€1,430) counties.
Median wages, AKA the point where half of employees are making more, and half are making less, was €1,553 in Q1 2024.
As for specific industry and regional breakdowns for Q1 2024, we didn't find that info. But remember, the tech and finance sectors are usually the big spenders in Estonia. According to some other data we snooped around, the unemployment rate in Q1 spiked to 7.8%, but started to decline after that. We're still missing updated regional distributions, though urban areas like Tallinn historically pay more than rural regions. 🌄🏙️
Lastly, let's not forget about that good ol' gender disparity! Hourly wages for women were still lagging behind those for men, with women earning a disappointing 13.2% less on average in 2024.
- The highest wages and salaries in Q1 2024 were observed in Tallinn, Estonia, with an average of €2,247.
- In Q1 2024, the sectors with the highest wages and salaries were information and communication, financial and insurance activities, and public administration and defence and compulsory social security.
- The median wages in Q1 2024 were €1,553, indicating that half of the employees earned more, while the other half earned less.
- Among the sectors that saw significant wage gains in Q1 2024 were health and social work, with an increase of 16.7%, and agriculture, forestry, and fishing, with a growth of 13.7%.
- The tech and finance sectors are typically major contributors to the job market and wages in Estonia.
- In Q1 2024, the unemployment rate spiked to 7.8%, but later started to decline, with urban areas like Tallinn historically paying more than rural regions.
