Bosnia’s average net wage up 1.4% y/y in March

Bosnia’s average net wage up 1.4% y/y in March

By Denitsa Koseva in Sofia May 16, 2017

The average monthly net wage in Bosnia & Herzegovina was BAM854 (€436.6) in March, up 1.4% y/y in nominal terms, data from the country’s statistics office showed on May 16. In February, the net wage rose by a nominal 1.1% y/y.

Salaries in Bosnia mostly rose in nominal terms last year (up 0.9% through December). As Bosnia’s economic growth is likely to speed up in 2017, wages are expected to increase further. On the other hand, rising CPI will most likely reduce the real wage growth.

The statistics office did not provide data on changes in wages in real terms in March. However, Bosnia's annual CPI increased by 1.4% y/y in March and by 1.2% y/y in February, suggesting that the real wage remained unchanged y/y in March and dropped 0.1% y/y in February.

Across sectors, the highest annual nominal increase in the average net wage was in the professional, scientific and technical activities sector (up 12.5%), whereas the deepest decline was reported for the other services sector (down 1.6% y/y).

The average monthly gross wage increased by a nominal 1.4% y/y to BAM1,327 in March.

#bneChart

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

BALKAN BLOG: What Grenell’s return means for US diplomacy in the Balkans

International highway tears through Bosnia’s rural heartlands

FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown

BALKAN BLOG: What Grenell’s return means for US diplomacy in the Balkans

International highway tears through Bosnia’s rural heartlands

FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown

Data

Russia’s CBR keeps key rate at 21% under pressure

In a surprise decision CBR governor Elvia Nabiullina kept interest rates on hold at 21% as she comes under mounting pressure from Russian President Vladimir Putin and the oligarchs who accuse her of destroying the economy.

Polish industrial production disappoints in November as output falls 1.5% y/y

Seasonally adjusted, output expanded 1.1% y/y in November, following a gain of 3.9% y/y the preceding month, GUS data showed.

Moldova's economy shrinks by 1.9% y/y in Q3

Economic performance was dragged down by agriculture, while manufacturing sector grew.

Kosovo's population down 12% since 2011

Falling population attributed to departure of many Kosovars to work abroad in search of a better life, a trend that persists across the Balkans.

Polish producer price deflation eases further in November

The PPI has been on a declining trend, reflecting the still relatively low demand linked to sluggish Germany economy and the domestic expansion only beginning to gain sustained momentum, analysts say.

Russia’s CBR keeps key rate at 21% under pressure

Polish industrial production disappoints in November as output falls 1.5% y/y

Moldova's economy shrinks by 1.9% y/y in Q3

Kosovo's population down 12% since 2011

Polish producer price deflation eases further in November

Dismiss

Chat with usLiveChat