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.

Latvia Labour Costs
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Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.00 7.70 21.30 5.30 percent [+]
Employed Persons 920.00 909.60 1404.00 830.00 Thousand [+]
Unemployed Persons 56726.00 56734.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 3.20 3.20 10.10 1.20 percent [+]
Youth Unemployment Rate 8.60 8.40 40.70 7.80 percent [+]
Labour Costs 112.32 133.07 169.58 43.69 Index Points [+]
Job Vacancies 24078.00 20886.00 24078.00 1643.00 [+]
Wages 755.00 745.00 755.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.93 1.95 2.67 1.93 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 70.20 69.70 70.20 59.90 percent [+]
Part Time Employment 59.60 62.00 116.00 48.80 Thousand [+]
Productivity 128.10 112.00 131.40 44.30 Index Points [+]
Employment Change -0.30 0.90 3.50 -6.70 percent [+]
Employment Rate 65.30 64.40 65.30 50.80 percent [+]
Full Time Employment 813.80 799.70 984.30 720.30 Thousand [+]


Latvia Labour Costs

This page provides - Latvia Labour Costs - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Labour Costs - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
112.32 133.07 169.58 43.69 1995 - 2018 Index Points Quarterly
2010=100, SA




Country Last
Australia 100.60 Jun/18
Brazil 99.29 Sep/18
Canada 116.80 Jun/18
China 104.80 Sep/18
Euro Area 113.70 Jun/18
France 108.10 Jun/18
Germany 113.18 Jun/18
Italy 107.00 Jun/18
Mexico 82.30 Sep/18
Netherlands 115.30 Jun/18
Singapore 107.90 Jun/18
South Africa 150.80 Mar/18
South Korea 96.50 Jun/18
Spain 102.40 Jun/18
Turkey 153.67 Jun/18
United Kingdom 103.90 Jun/18
United States 109.66 Sep/18


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