Minimum wages in Latvia were 430 EUR/Month in 2018. Minimum Wages in Latvia averaged 223.31 EUR/Month from 1999 until 2018, reaching an all time high of 430 EUR/Month in the second quarter of 2018 and a record low of 75.18 EUR/Month in the second quarter of 1999.

Minimum Wages in Latvia is expected to be 480.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Minimum Wages in Latvia to stand at 480.00 in 12 months time. In the long-term, the Latvia Gross Minimum Monthly Wage is projected to trend around 590.00 EUR/Month in 2020, according to our econometric models.

Latvia Gross Minimum Monthly Wage
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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 59588.00 57455.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 3.00 3.20 10.10 1.20 percent [+]
Youth Unemployment Rate 10.80 10.50 40.70 7.70 percent [+]
Labour Costs 113.71 112.32 169.58 43.69 Index Points [+]
Job Vacancies 22257.00 24078.00 24078.00 1643.00 [+]
Wages 728.00 751.00 756.00 113.00 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 64.30 59.60 116.00 48.80 Thousand [+]
Productivity 133.50 128.10 133.50 44.30 Index Points [+]
Employment Change 0.70 -0.30 3.50 -6.70 percent [+]
Employment Rate 65.30 64.40 65.30 50.80 percent [+]
Full Time Employment 818.60 813.80 984.30 720.30 Thousand [+]


Latvia Gross Minimum Monthly Wage

This page provides - Latvia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Gross Minimum Monthly Wage - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
430.00 430.00 430.00 75.18 1999 - 2018 EUR/Month Quarterly




Country Last Previous
Argentina 11300.00 Feb/19
Australia 719.20 Jul/18
Brazil 998.00 Feb/19
Canada 15.00 Dec/19
China 2420.00 Apr/18
France 1521.22 Dec/19
Germany 9.19 Jan/19
Indonesia 3.94 Jan/19
Japan 874.00 Oct/18
Mexico 102.68 Jan/19
Netherlands 1615.80 Jun/19
Russia 11163.00 May/18
South Korea 8350.00 Dec/19
Spain 1050.00 Jun/19
Turkey 2558.40 Dec/19
United Kingdom 8.21 Apr/19
United States 7.25 Dec/19


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