VILNIUS - The average wage growth in the Baltic states in the past ten years had been the fastest one among the members of the Organization for Economics Cooperation and Development (OECD), according to a study by international financial technology company Tipalti.
The data show that between 2011 and 2021, the average wage in Latvia increased by 104 percent to USD 18,100 (EUR 17,200). This has been the steepest rise in the OECD.
Lithuania followed with a 95.5 percent rise to USD 21,400, and Estonia ranked third with an 88.5 percent rise to USD 20,400 a year.
Spain reported the slowest rise in the average wage - by 3.8 percent to USD 27,000 a year.
Tipalti, a US-based financial accounting technology company, assessed data from 34 OECD countries.