Minimum Wages in Latvia is expected to be 430.00 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 540.00 EUR/Month in 2020, according to our econometric models.


Forecast Data Chart
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Latvia Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7 8.1 8 8 6.2 8.2
Employed Persons 920 920 919 925 929 936
Unemployed Persons 56726 56264 56072 56011 55994 55986
Long Term Unemployment Rate 3.2 2.99 3.12 3.06 3.02 3.04
Youth Unemployment Rate 8.6 9.38 8.83 9.13 8.95 9.02
Labour Costs 112 106 103 103 105 106
Job Vacancies 24078 26317 27697 29154 30192 35005
Wages 755 790 770 747 747 880
Minimum Wages 430 430 480 480 480 540
Population 1.93 1.93 1.91 1.91 1.91 1.89
Retirement Age Women 63.25 63.25 63.5 63.25 63.25 63.75
Retirement Age Men 63.25 63.25 63.5 63.25 63.25 63.75
Labor Force Participation Rate 70.2 70.09 70.08 70.2 70.29 70.4
Part Time Employment 59.6 60.55 59.88 59.68 60.29 59.66
Productivity 128 130 113 129 131 128
Employment Change -0.3 0.02 0.02 0 0 0
Employment Rate 65.3 65.43 65.41 65.76 66.11 66.64
Full Time Employment 814 817 817 824 826 831