Flash comment: Estonia - Average wage increased but less than before the crisis
Average wage increased but less than before the crisis
In the fourth quarter, in Estonia, average gross wage amounted to 1515 euros, up by 2.9%, over the year. In 2020, the average wage increased by 2.9%, too. That is much less than before the crisis, for example, in 2015-2019, the average gross wage rose by around 7% a year.

In 2021, we expect wage growth to continue, amounting to a modest 3.5%. Due to a surge in coronavirus cases, the government has recently introduced new restrictions, and is also planning a wage-support mechanism in the sectors that have been closed. 

Economic situation varies a lot across sectors like in other countries. In the fourth quarter, wage growth amounted to almost 10% in IT, agriculture, and mining, while the average wage declined in trade, tourism, entertainment.

For more information about this report, please contact Ms. Liis Elmik, liis.elmik@swedbank.ee, +372 888 7206.

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