Minimum Wages Set to Increase in Baltic States in 2023

Updated: 3 October, 2022 seen 752
Baltic states Estonia Latvia Lithuania Minimum wage Investments

In 2023 minimum wage is set to increase in all Baltic states. Estonia will have a minimum wage of EUR 725; Latvia - EUR 620 and Lithuania - EUR 800.

During the past 5 years minimum wages across the Baltics have experienced a steep increase, and in some cases even doubled. When compared to 2018, Estonia's minimum wage has increased by EUR 225, Latvia's by EUR 220, and Lithuania's by a whooping EUR 400.

Despite pretty decent increases in the Baltic States, minimum wages here are still among the lowest in the European Union. See: Minimum Wages in European Union 2022

On the other hand, it seems that the Baltics will reach EUR 1,000 gross minimum wage in the next 3-5 years. It seems either Lithuania or Estonia will get there first. 

Also, I believe the minimum wage will double in all three countries by 2033. And my bet is Estonia EUR 1,500, Latvia EUR 1,300, and Lithuania EUR 1,600. 

Now, let's see if I'll be able to take at least the Latvian minimum wage from dividend stocks and options trading by the end of 2023. 

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Hi! My name is Reinis Fischer (38), a proud dad and devoted husband. CEO and Founder of Terramatris crypto hedge fund, drone enthusiast, world traveler, photographer, and passionate lover of Georgian cuisine (vegetarian).

An ex-pat living in Georgia since 2011, I trade stocks, take photographs, work out at the gym, and many more. Here I write about travel, finance, and other things that might interest me.