Minimum Wage Set to Rise in All Baltic States in 2016

There has been some positive improvements for rise of minimum wage in all three Baltic states (Estonia, Latvia and Lithuania) in recent years. And there are more to come. In 2016 minimum wage is set to rise in all Baltic states. Estonia will have minimum wage of EUR 430; Latvia - EUR 370 and Lithuania - EUR 350.

Here are my previous articles about minimum wage in Baltic states:

Minimum wage in Baltic States 2016

  2016 2015 % change
Estonia 430 390 10.25%
Latvia 370 360 2.77%
Lithuania 350 300* 16.66%

*Minimum wage in Lithuania was increased twice in 2015; to EUR 300 at the start of 2015 and to EUR 325 in July, 2015

Estonia is leading this trio with pretty impressive monthly minimum wage advantage of EUR 60 if compared to Latvia, and even EUR 80 if compared to Lithuania. On a yearly basis it makes a huge EUR 720 and EUR 960 difference.

Estonia - EUR 430 / USD 468

Currently (2015) the minimum wage in Estonia is €390 a month and unions have agreed with policy makers to increase the rate to €430 in 2016. This will be followed by another increase to €470 in 2017. The rise represents an increase of more than 20% 

Latvia - EUR 370 / USD 402

Lithuania - EUR 350 / USD 380

  • The minimum monthly wage in Lithuania will be increased by 25 euros to 325 euros in July and may be raised by a further 25 euros to 350 euros early in 2016, Prime Minister Algirdas Butkevičius has said. Read more: Lithuanian government to raise minimum pay to EUR 350

I forecast that by 2018 minimum wage in Estonia will be set at least EUR 500. While it will be tough to catch up Estonia in terms of minimum wage both for Latvia and Lithuania I believe it's good you have such a competitive neighbors that keeps you motivated. Let's wish prosperity for Baltic's and all the rest of World in coming years!

About Reinis Fischer

Reinis Fischer is a Drupal Developer who works and lives in Tbilisi. A programmer by day and a writer by night. Or Vice Verse. Covers topics on Travel, Restaurant Reviews, Finances, Blogging e.t.c. Loves DIY and recently is excelling as a main constructor in his latest project - home remodeling.
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