Minimum Wages in Latvia increased to 500 EUR/Month in the first quarter of 2021 from 430 EUR/Month in the third quarter of 2020. source: EUROSTAT

Minimum Wages in Latvia averaged 247.83 EUR/Month from 1999 until 2021, reaching an all time high of 500 EUR/Month in the first quarter of 2021 and a record low of 75.18 EUR/Month in the first quarter of 1999. This page provides - Latvia Minimum Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Gross Minimum Monthly Wage - values, historical data and charts - was last updated on May of 2021.

Minimum Wages in Latvia is expected to be 500.00 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 500.00 in 12 months time. In the long-term, the Latvia Gross Minimum Monthly Wage is projected to trend around 560.00 EUR/Month in 2022 and 620.00 EUR/Month in 2023, according to our econometric models.

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Latvia Gross Minimum Monthly Wage

Actual Previous Highest Lowest Dates Unit Frequency
500.00 430.00 500.00 75.18 1999 - 2021 EUR/Month Quarterly

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 [+]