Wages in Latvia increased to 822 EUR/Month in March from 801 EUR/Month in February of 2020.

Wages in Latvia averaged 404.33 EUR/Month from 1997 until 2020, reaching an all time high of 846 EUR/Month in December of 2019 and a record low of 113 EUR/Month in January of 1997. This page provides - Latvia Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Average Monthly Net Wages - values, historical data and charts - was last updated on July of 2020.

Wages in Latvia is expected to be 840.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Latvia to stand at 880.00 in 12 months time. In the long-term, the Latvia Average Monthly Net Wages is projected to trend around 880.00 EUR/Month in 2021, according to our econometric models.

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Latvia Average Monthly Net Wages

Actual Previous Highest Lowest Dates Unit Frequency
822.00 801.00 846.00 113.00 1997 - 2020 EUR/Month Monthly
Current Prices, NSA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 6.00 21.30 5.30 percent [+]
Employed Persons 902.10 913.10 1404.00 830.00 Thousand [+]
Unemployed Persons 76440.00 72917.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.10 1.80 10.10 1.20 percent [+]
Youth Unemployment Rate 18.40 17.20 40.80 7.60 percent [+]
Labour Costs 132.41 124.50 132.41 34.64 points [+]
Job Vacancies 18255.00 27316.00 29704.00 1643.00 [+]
Wages 822.00 801.00 846.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 Million [+]
Retirement Age Women 63.25 63.00 63.25 59.50 [+]
Retirement Age Men 63.25 63.00 63.25 62.00 [+]
Labor Force Participation Rate 69.90 69.50 70.20 59.90 percent [+]
Productivity 112.00 114.10 115.30 40.90 points [+]
Part Time Employment 94.80 75.10 116.00 48.80 Thousand [+]
Employment Change 0.10 0.30 3.40 -6.70 percent [+]
Employment Rate 64.70 65.40 65.60 50.80 percent [+]
Full Time Employment 763.30 795.70 984.30 720.30 Thousand [+]


Latvia Average Monthly Net Wages
In Latvia, wages are benchmarked using average monthly earnings.