Minimum Wages in Latvia remained unchanged at 500 EUR/Month in the third quarter of 2021 from 500 EUR/Month in the first quarter of 2021. source: EUROSTAT

Minimum Wages in Latvia averaged 253.31 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 October 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 560.00 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

Latvia Last Unit Reference Previous Highest Lowest
Long Term Unemployment Rate 2.40 percent Mar/21 2.10 10.10 1.20
Youth Unemployment Rate 12.80 percent Aug/21 13.60 41.00 7.60
Job Vacancies 25060.00 Jun/21 21326.00 29704.00 1643.00
Minimum Wages 500.00 EUR/Month Sep/21 500.00 500.00 75.18
Full Time Employment 757.80 Thousand Jun/21 740.50 984.30 720.30
Employment Change 5.70 percent Jun/21 -3.90 5.70 -6.70
Productivity 117.90 points Jun/21 122.90 122.90 40.90
Part Time Employment 59.70 Thousand Jun/21 71.60 116.00 48.80