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Investors on Mintos from Estonia - 20% growth in Q1 2021, and growing!

Komentāri

3 comments

  • Mintos
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    A dedicated blog post about investors from Estonia!

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  • Angus

    Hi Mintos,

    It would be interesting to know what are the average salaries in Estonia? How do they compare to Germany / Uk / Spain?

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  • Mintos
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    Hi Angus Interesting question. Our colleagues from Estonia share this resource - https://www.stat.ee/en/find-statistics/statistics-theme/work-life/wages-and-salaries-and-labour-costs/average-monthly-gross-wages-and-salaries - you can see the latest data on salaries in Estonia and compare it with what you know about Germany and Spain. I would have an assumption that salaries in Estonia are lower, making their strategy to invest a significant part of it - even more significant. For example, in the US it is thought to invest 5% of your annual income. I don't know if similar is thought in Estonia in schools or universities. 

    I found this comparison site of German and Estonian expenses and salaries - https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Germany&country2=Estonia 

    If you scroll down, you see - 
    Salaries And Financing

                                                                   Germany       Estonia

    Average Monthly Net Salary (After Tax) 2,476.34    €1,128.36 €     

    Last update: June 2021, Contributors in the past 12 months: German 2429, Estonian 282

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