Labour Costs in Latvia decreased to 112.32 Index Points in the second quarter of 2018 from 133.07 Index Points in the first quarter of 2018. Labour Costs in Latvia averaged 89.93 Index Points from 1995 until 2018, reaching an all time high of 169.58 Index Points in the third quarter of 2008 and a record low of 43.69 Index Points in the first quarter of 1995.
Labour Costs in Latvia is expected to be 106.41 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labour Costs in Latvia to stand at 105.23 in 12 months time. In the long-term, the Latvia Labour Costs is projected to trend around 105.75 Index Points in 2020, according to our econometric models.