Wages in Latvia decreased to 832 EUR/Month in September from 836 EUR/Month in August of 2020. source: Central Statistical Bureau of Latvia

Wages in Latvia averaged 413.38 EUR/Month from 1997 until 2020, reaching an all time high of 863 EUR/Month in July of 2020 and a record low of 113 EUR/Month in January of 1997. This page provides - Latvia Average Monthly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Average Monthly Net Wages - values, historical data and charts - was last updated on December of 2020.

Wages in Latvia is expected to be 880.00 EUR/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Latvia to stand at 880.00 in 12 months time. In the long-term, the Latvia Average Monthly Net Wages is projected to trend around 880.00 EUR/Month in 2021, according to our econometric models.

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Latvia Average Monthly Net Wages

Actual Previous Highest Lowest Dates Unit Frequency
832.00 836.00 863.00 113.00 1997 - 2020 EUR/Month Monthly
Current Prices, NSA

Latvia Labour Last Previous Highest Lowest Unit
Unemployment Rate 8.40 8.60 21.30 5.30 percent [+]
Employed Persons 893.00 892.10 1404.00 830.00 Thousand [+]
Unemployed Persons 67124.00 70306.00 194253.00 36690.00 [+]
Long Term Unemployment Rate 2.20 2.10 10.10 1.20 percent [+]
Youth Unemployment Rate 13.90 13.40 40.90 7.60 percent [+]
Labour Costs 131.82 132.41 132.41 34.64 points [+]
Job Vacancies 19753.00 18255.00 29704.00 1643.00 [+]
Wages 832.00 836.00 863.00 113.00 EUR/Month [+]
Minimum Wages 430.00 430.00 430.00 75.18 EUR/Month [+]
Population 1.92 1.93 2.67 1.92 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 69.90 70.20 59.90 percent [+]
Productivity 113.30 117.50 117.50 40.90 points [+]
Part Time Employment 62.70 68.30 116.00 48.80 Thousand [+]
Employment Change -4.40 0.10 3.40 -6.70 percent [+]
Employment Rate 64.10 64.70 65.60 50.80 percent [+]
Full Time Employment 786.70 782.60 984.30 720.30 Thousand [+]


Latvia Average Monthly Net Wages
In Latvia, wages are benchmarked using average monthly earnings.