Labour Costs in Latvia increased to 132.50 points in the first quarter of 2021 from 130.26 points in the fourth quarter of 2020. source: European Central Bank

Labour Costs in Latvia averaged 76.25 points from 1995 until 2021, reaching an all time high of 132.50 points in the first quarter of 2021 and a record low of 34.64 points in the second quarter of 1995. This page provides - Latvia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Labour Costs - values, historical data and charts - was last updated on September of 2021.

Labour Costs in Latvia is expected to be 103.27 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Labour Costs is projected to trend around 105.79 points in 2022 and 105.75 points in 2023, according to our econometric models.

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Latvia Labour Costs

Actual Previous Highest Lowest Dates Unit Frequency
132.50 130.26 132.50 34.64 1995 - 2021 points Quarterly
2010=100, SA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.10 21.30 5.30 percent [+]
Employed Persons 862.00 853.00 1404.00 830.00 Thousand [+]
Unemployed Persons 64392.00 67307.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.40 2.10 10.10 1.20 percent [+]
Youth Unemployment Rate 13.70 15.10 41.00 7.60 percent [+]
Labour Costs 132.50 130.26 132.50 34.64 points [+]
Job Vacancies 21326.00 17079.00 29704.00 1643.00 [+]
Wages 930.00 905.00 932.00 113.00 EUR/Month [+]
Minimum Wages 500.00 500.00 500.00 75.18 EUR/Month [+]
Population 1.91 1.92 2.67 1.91 Million [+]
Retirement Age Women 63.75 63.50 63.75 59.50 [+]
Retirement Age Men 63.75 63.50 63.75 62.00 [+]
Labor Force Participation Rate 67.60 67.00 70.20 59.90 percent [+]
Productivity 117.90 122.90 122.90 40.90 points [+]
Part Time Employment 71.60 77.80 116.00 48.80 Thousand [+]
Employment Change -3.90 -0.50 3.40 -6.70 percent [+]
Employment Rate 61.60 63.80 65.60 50.80 percent [+]
Full Time Employment 740.50 767.10 984.30 720.30 Thousand [+]