Wages in Latvia increased to 915 EUR/Month in December from 855 EUR/Month in November of 2020. source: Central Statistical Bureau of Latvia

Wages in Latvia averaged 418.14 EUR/Month from 1997 until 2020, reaching an all time high of 915 EUR/Month in December of 2020 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 May of 2021.

Wages in Latvia is expected to be 880.00 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 2022, according to our econometric models.

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Latvia Average Monthly Net Wages

Actual Previous Highest Lowest Dates Unit Frequency
915.00 855.00 915.00 113.00 1997 - 2020 EUR/Month Monthly
Current Prices, NSA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.90 8.40 21.30 5.30 percent [+]
Employed Persons 886.00 893.00 1404.00 830.00 Thousand [+]
Unemployed Persons 74232.00 74494.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.20 2.10 10.10 1.20 percent [+]
Youth Unemployment Rate 15.10 15.90 40.90 7.60 percent [+]
Labour Costs 130.93 129.63 132.41 34.64 points [+]
Job Vacancies 17079.00 20540.00 29704.00 1643.00 [+]
Wages 915.00 855.00 915.00 113.00 EUR/Month [+]
Minimum Wages 500.00 430.00 500.00 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 70.10 70.10 70.20 59.90 percent [+]
Productivity 119.30 113.30 119.30 40.90 points [+]
Part Time Employment 77.80 62.70 116.00 48.80 Thousand [+]
Employment Change 1.40 -4.20 3.40 -6.70 percent [+]
Employment Rate 63.80 64.30 65.60 50.80 percent [+]
Full Time Employment 767.10 786.70 984.30 720.30 Thousand [+]


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