The average gross monthly salary in Estonia was €1,894 in the first quarter of the current year.
Understanding Average Salaries in Estonia
The average salary provides a key indicator of economic well-being and labor market trends within a country. In Estonia, the average gross monthly salary reflects the earnings before any deductions for taxes or social contributions.
Recent Salary Trends
Estonia has seen a notable increase in average salaries recently. In the first quarter, the average gross monthly salary reached €1,894. This represents an 8.8 percent increase when compared to the same period last year, indicating healthy wage growth. For context, in the fourth quarter of the preceding year, the average gross monthly salary was slightly higher at €1,904.
Here's a quick overview of the recent average gross monthly salaries:
| Period | Average Gross Monthly Salary | Year-over-Year Change |
|---|---|---|
| First Quarter (Current Year) | €1,894 | +8.8% |
| Fourth Quarter (Previous Year) | €1,904 | N/A |
What is "Gross Monthly Salary"?
When discussing salaries, "gross" refers to the total amount of money an employee earns before any deductions are made. These deductions typically include income tax, social security contributions, and unemployment insurance premiums. The "net" salary is the amount an employee actually receives in their bank account after all these deductions. Understanding the distinction is crucial as the reported average figures are typically gross amounts.
